Grey Rock will contribute oil and gas assets in the Permian Basin, Bakken, Eagle Ford Shale, D-J Basin and Haynesville Shale plays to form Granite Ridge Resources.
The plants are the Canal thermal power station in Massachusetts and the Bucksport thermal power station in Maine, JERA said.
Headquartered in Houston, Enstor Gas is the largest privately owned natural gas storage company in the U.S. including six active underground natural gas storage facilities with more than 110 Bcf in working gas capacity.
Stephen L. Schroeder, senior vice president and CTO of W&T Offshore, will retire, effective June 1. Huan Gamblin is being promoted and will assume the majority of Schroeder’s responsibilities.
SilverBow had announced in April it had entered separate agreements to acquire certain assets from SandPoint Operating and substantially all of the assets of Sundance Energy for a combined $440 million including continent payments.
The creation of the new chief accounting officer role and Adam Powell’s promotion is directly related to Valor’s rapid growth over the past year, doubling in both size and revenue, the Fort Worth, Texas-based company said.
Originally released in 2017 to interpret complex oil and gas contracts, ThoughtTrace has evolved its proprietary software to serve multiple industries including financial services, technology, health care, energy and law.
“The agreement includes a cash consideration of $1 billion and a contingent payment structure linked to realized oil and gas prices for both assets for 2022 and 2023,” Equinor said in a statement.
Riverbend Energy Group has been working with an investment bank in recent weeks on an auction process for three portfolios of shale assets to seek in total around $2 billion, sources said.