Prairie Has Big Plans in the D-J, But Will Pump Brakes on $50 Oil
Prairie Operating Co. CFO Greg Patton says the company aspires to produce 100,000 bbl/d as it looks for its next M&A opportunity.
Big Bill Not Beautiful for Clean Energy Passes US House
The legislation passed the House early May 22 with a 215-214 mostly party line vote and essentially guts the Inflation Reduction Act.
Cadeler Acquires New Jack-Up Vessel to Expand Reach in Offshore Wind
Cadeler plans to take delivery of the new vessel, which will be renamed Wind Keeper, in the third quarter.
Orion Buys Oklahoma SCOOP/STACK Royalty Interests
Orion Diversified Holding Co. closed on its second deal in May and now holds 53,160 mineral acres in various plays including the Bakken, Eagle Ford Shale, SCOOP/STACK and Permian Basin.
Touchstone Exploration Closes Shell Trinidad Acquisition
Touchstone Exploration agreed to purchase 100% of the share capital of Shell Trinidad Central Block Ltd., which holds a 65% participating interest in the onshore Central Block E&P license in Trinidad.
Market Spoke, Hub Evolved: US NatGas Eyes International Prices
Global LNG pricing enters a new era as producers shift away from Henry Hub to international pricing benchmarks such as the Japan Korea Marker.
Sable Offshore Upsizes Public Offering by 28% to $257MM
Sable Offshore’s upsized offering represents an increase of approximately 28.25% in value from its previously announced $200 million stock offering.
Solar Stocks Plummet After Trump’s Tax Bill Advances in US House
By Vallari Srivastava May 22 (Reuters) – Shares of U.S. solar companies fell sharply on Thursday after the House of Representatives advanced President Donald Trump’s sweeping tax and spending bill, which may end numerous green-energy subsidies that have supported the renewable energy sector. Sunrun (RUN.O) led the market rout, with shares falling nearly 41% in …
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BP Seeks Buyers for Castrol Lubricants Unit to Reach $20 Billion Divestment Goal, Sources Say
By Andres Gonzalez BP hired Goldman Sachs to sell Castrol, sources say BP is under investor pressure, sources say BP has tapped potential private equity, strategic investors, sources say Company is working on more divestments, partial sale renewables LONDON, May 22(Reuters) – BP (BP.L) has kicked off the sale of its more than a century-old …
The Biggest US Oil Field Is at Risk of Poisonous Water Leaks, Texas Warns
Wastewater disposal in the Permian Basin is boosting pressure underground, threatening to hinder oil production By Kevin Crowley and David Wethe Produced water gushes out of the ground a geyser in Toyah, Texas, on Wednesday, Oct. 2, 2024 in Toyah, Texas. Photographer: Elizabeth Conley/Houston Chronicle/ Getty Images Texas regulators are warning that wastewater from fracking …
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