United States
Private Equity , Exploration & Production , Investment , Finance , Acquisitions & Divestitures , Mergers
E&Ps’ Siren Song to Investors: Free Cash Flow
Regaining investor trust–and access to their cash–is on the horizon as the E&P sector returns record profits to investors, a panel of experts said during Hart Energy’s SUPER DUG conference.
Acquisitions & Divestitures
MDU Resources Spins Off Knife River into Public Company
Streamlining its focus on regulated utilities and energy infrastructure services, MDU Resources spun off a construction materials subsidiary, Knife River Corp., into a standalone public company.
Private Equity , Crude Oil , Shale Plays , Acquisitions & Divestitures
Private Investment Dynamic Holds Crucial Role in Supply, Security, Future
Private equity is coming back to the upstream sector, but is dramatically outweighed by the forecasted market supply needed to prevent a shortfall.
Governance , Legislation
Is Change Overdue for Overtime Wage Law?
Paying well won’t shield companies like Helix Energy that run afoul of the Fair Labor Standards Act.
Hydrogen
Heliogen, City of Lancaster, Execute Green Hydrogen Production Contract
Heliogen's agreement with the city is expected to cost Lancaster $10/kg of green hydrogen.
Acquisitions & Divestitures
NET Power, Rice Merger to Generate $670 Million at Close
The new company, assuming the name of NET Power Inc., expects to raise at least $670 million when its merger with Rice Acquisition closes.
Acquisitions & Divestitures
Rockies Gas Producer PureWest Acquired for $1.84 Billion
A private consortium of family offices and financial institutions acquired ownership of Wyoming natural gas producer PureWest for $1.84 billion.
Liquefied Natural Gas , International
Mexico Authorizes Exports from Altamira Fast LNG Project
Mexico’s Energy Secretariat issued an export permit to New Fortress Energy Inc. for its Altamira fast liquefaction facility slated to start LNG operations in third-quarter 2023.
Dividends/Buybacks
Range Declares Quarterly Dividend
Range Resources’ board of directors declared an $0.08 per share quarterly cash dividend on common stock for the second quarter.
Exploration & Production
The Great Eagle Ford Refrac
Recompletions in the Eagle Ford are underway, with future refrac wells identified by companies such as Devon Energy and Murphy Oil.