Sold in 66 Days: Inside the Diamondback-Endeavor Deal
Diamondback Chairman and CEO Travis Stice first offered “at least $25 billion” for Endeavor Energy Resources on Dec. 8. The deal closed just weeks later for $26 billion.
Environmental Ruling Threatens Wyoming Oil and Gas Drilling Leases
The U.S. Bureau of Land Management did not adequately analyze the potential climate change and wildlife impacts of a major oil and gas lease sale covering roughly 120,000 acres of federal land in Wyoming, a U.S. judge has said. U.S. District Judge Christopher Cooper in Washington, D.C., ruled on Friday that conservation groups had shown …
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Marketed: Onyx Resources 40 Well Package in Texas, New Mexico
Onyx Resources has retained EnergyNet for the sale of a 40 well package plus 3,192.48 net leasehold acres in Crane, Ector and Winkler counties, Texas and Lea County, New Mexico.
E&P Highlights: March 25, 2024
Here’s a roundup of the latest E&P headlines, including a FEED planned for Venus and new contract awards.
Marketed: Onyx Resources 23 Well Package in Texas
Onyx Resources has retained EnergyNet for the sale of a 23 well package plus 1,082.81 net leasehold acres in Archer, Clay, Fisher, Jones, Kent, Stephens, Taylor and Young counties, Texas.
Going Green? Kraft Seeks $170MM from DOE for ‘Delicious Decarbonization’
Kraft Heinz, a $43 billion food company, is seeking to reduce its annual emissions by 99% through a Department of Energy grant.
Exclusive: Renewables Won’t Promise Affordable Security without NatGas
Greg Ebel, president and CEO of midstream company Enbridge, says renewables needs backing from natural gas to create a “nice foundation” for affordable and sustainable industrial growth, in this Hart Energy Exclusive interview.
DOE Considers Technip, LanzaTech For $200MM ‘Breakthrough’ Technology Award
The U.S. Department of Energy funding will be used to develop technology that turns CO2 into sustainable ethylene.
Par Pacific Asset-based Revolving Credit Bumped Up by 55%
The amendment increases Par Pacific Holdings’ existing asset-based revolving credit facility to $1.4 billion from $900 million.
ChampionX to Acquire RMSpumptools, Expanding International Reach
ChampionX said it expects the deal to extend its reach in international markets including the Middle East, Latin America and other global offshore developments.