U.S. Energy Bulks Up in the Delaware
Over 40 years, Texas-based U.S. Energy Development has carved out a niche for itself to become one of the nation’s largest sponsors of direct oil and gas investments. ...
Read MoreOver 40 years, Texas-based U.S. Energy Development has carved out a niche for itself to become one of the nation’s largest sponsors of direct oil and gas investments. ...
Read MoreWhile the world hunkered down two years ago in the throes of COVID, Tim Duncan, CEO of Houston-based offshore producer Talos Energy, rallied a team to explore building a carbon capture and storage (CCS) business. ...
Read MoreDenver-based Antero Midstream is beefing up its already sizeable position in the Marcellus/Utica with this week’s acquisition of even more gathering and compression assets. ...
Read MoreThere’s no shortage of billion-dollar deals to be made or had this Indian Summer with today’s big announcement from the nation’s largest natural gas producer, Pa.-based EQT Corp. Reese Energy Consulting is following the latest wow acquisition, this time from the Land of CEO Toby Rice, the 38-year-old, self-proclaimed “shalennial”, where his EQT will snap up its rival Appalachian gas neighbor for $5.2 billion. The cash-and-stock deal with THQ Appalachia’s Tug Hill and Xcl Midstream offers one heck of a gas goody box in the Marcellus/Utica and adds 800 MMCFD of production to EQT’s current 5.2 BCFD. Other assets of the purchase include ~90,000 core net acres, ~300 net risked locations, 11 years of inventory, 95 miles of gathering systems connected to every major long-haul interstate pipeline in Southwest Appalachia, a 225 MMCFD processing plant, and 20 MBPD of condensate stabilization. EQT in 2020 acquired Chevron’s Appalachian upstream and midstream assets...
Read MoreNot that we’re looking to take credit for a love match, but after proposing the idea last month of a pairing between two minerals companies with sizeable Permian assets—one looking to acquire and one looking to sell—seems the universe has listened. ...
Read MoreAfter a royal scolding last year in a Dutch courtroom to hit the accelerator on emissions reduction, Shell picked up its toys, relocated its headquarters to the U.K. and started offloading assets like they were last week’s meatloaf. ...
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