Rockcliff Energy II LLC, (“Rockcliff”), a portfolio company of Quantum Energy Partners (“Quantum”), today announced the entry into a definitive agreement with TG Natural Resources LLC (“TGNR”), in which TGNR will acquire 100% of the membership interests in Rockcliff for US$ 2.7 billion, prior to customary adjustments (the “Transaction”).
Permian Basin explorer Callon Petroleum Co. is considering strategic options amid takeover interest from rival oil and gas players, according to Bloomberg News, as dealmaking accelerates in the U.S. energy industry.
Howard Energy sets record volume growth, representing total current natural gas throughput of over 2.5 Bcf/d and total terminals throughput of more than 160,000 bpd
Shell Offshore Inc., a subsidiary of Shell plc, announced the Final Investment Decision (FID) for a phased campaign to deliver three wells in the Great White unit designed to boost oil production at the Shell-operated Perdido spar in the U.S. Gulf of Mexico (GoM).
America’s fastest-growing occupation—that of being a wind farm technician. Someone has to maintain those wind farm towers that perch across Oklahoma’s landscape and that of other states.
A call to transition energy systems away from fossil fuels – the first time oil and gas had been included in a COP agreement – won over those demanding strong action; but oil producers and developing countries were reassured by assertions that countries are free to follow their own paths to net zero.
Permian is a prime target for producers looking to increase their inventory. The shale patch, which lies between Texas and New Mexico, has robust infrastructure and is known for high productivity and large undeveloped reserves.
Natural gas takeaway capacity from the US Gulf Coast region’s prolific Permian Basin increased by 550 MMcf/d with the in-service of an expansion of Kinder Morgan’s Permian Highway Pipeline.
Occidental (NYSE:OXY) announced on Monday it will acquire CrownRock and its significant Permian basin assets in a deal valued at around $12B.
Endeavor Energy Partners is exploring a sale that could value the largest privately-held oil and gas producer in the Permian basin, the top US oilfield, at between US$25bil and US$30bil, according to a source.
