ONEOK Closes $3.3B Acquisition of EnLink Midstream
Tulsa midstream company ONEOK’s $2.6 billion merger with Medallion Midstream— announced in conjunction with the EnLink deal — remains pending.
Powder River E&P Peak Resources Prices IPO, to Test Markets as MLP
Powder River Basin E&P Peak Resources expects to raise more than $57 million in net proceeds and follows a number of companies that have gone public or intend to test the public markets.
Baker Hughes Defies Nature with an Upgrade to Ol’ Fashioned Cement
Baker Hughes’ InvictaSet uses regenerative capabilities to provide operators with a sustainable cement solution that can last for years.
Lyten Unveils Plans for $1B Battery Gigafactory in Nevada
Lyten will invest more than $1 billion to build what it called the world’s first lithium-sulfur battery gigafactory.
COMMENTARY: Fossil Fuels Are Making Hurricanes Like Hurricanes Helene and Milton Better, Not Worse – Alex Epstein
Fossil fuels have created unprecedented safety from extreme weather—and the recent hurricanes would’ve been far worse without them By Alex Epstein Myth: Hurricanes Helene and Milton show that we’re experiencing unprecedented danger from extreme weather thanks to fossil fuels. Truth: Fossil fuels have made us much safer from extreme weather—and the recent hurricanes would’ve been far …
Canada Awards EverGen’s GrowTEC $2MM for RNG Project
The funding will go towards the second phase of a project at the Grow the Energy Circle (GrowTEC) biogas facility to increase production capacity to up to 120,000 gigajoules annually.
J.P. Morgan, Capital One Commit $260MM to Arizona Solar Project
Arizona’s Box Canyon solar project secured a $260 million tax-equity financing commitment from Capital One and an affiliate of J.P. Morgan.
Nabors Industries to Buy Parker Wellbore for $370MM
Nabors Industries Ltd. will buy Parker Wellbore for 4.8 million shares of Nabors common stock and assume an additional $100 million in debt as OFS companies continue to consolidate following a massive wave of E&P M&A since 2023.
Cove Point LNG in Maryland Returns to Production
Berkshire Hathaway Energy’s 0.8-bcfd Cove Point LNG export plant in Lusby, Maryland, returned to production on Saturday, three weeks after it shut down for annual maintenance, according to data from financial firm LSEG. The plant is one of the smallest U.S. LNG export facilities, but with low gas prices since March this year, any loss …
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US Natgas Prices Hold Near 3-Week Low on Mild Weather Forecasts
U.S. natural gas futures held near a three-week low on Tuesday on expectations mild weather over the next two weeks will keep demand low. Front-month gas futures for November delivery on the New York Mercantile Exchange remained unchanged at $2.490 per million British thermal units (mmBtu) at 8:11 a.m. EDT (1211 GMT). On Monday, the …
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