Darren
Barbee
Oil and Gas Investor
Kimmeridge Exits SilverBow Proxy Fight, Takes Credit for $2.1B Crescent Deal
Kimmeridge will withdraw from a proxy fight with SilverBow Resources in light of a $2.1 billion offer by Crescent Energy for the Eagle Ford Shale E&P.
Imperial’s Project to Lower Oil Sands Emissions Begins Production
Imperial Oil, majority owned by Exxon Mobil, is deploying a new recovery technology at its Grand Rapids oil sands project in an effort to drastically reduce emissions by 2030.
Developer Seeks Permit to Send US Gas to Mexico for LNG Exports
The project is the latest in a series of developments to convert U.S. gas into LNG and export it from Mexico's Atlantic and Pacific coasts to meet global demand.
Big Demand Means Big Challenges Ahead for Power Sector
Natural gas could help meet demand, but a new EPA rule requiring CO2 emissions from power plants to be reduced by 90% could limit fossil fuels’ role.
US to Close Northeast Gasoline Reserve with 1 MMbbl Sale
The Biden administration will sell nearly 1 MMbbl of gasoline in the U.S. managed stockpile in northeastern states as required by law, the Department of Energy said on May 21, effectively closing the reserve.
WildFire Energy I Buys Apache’s Eagle Ford, Austin Chalk Assets
Private producer WildFire Energy I, backed by Warburg Pincus and Kayne Anderson, scooped up Apache’s portfolio in the eastern Eagle Ford and Austin Chalk plays.
Firm Building QatarEnergy-Exxon LNG Plant in Texas Files for Bankruptcy
Exxon, which owns a 30% stake in the project, plans "to continue to fully support Golden Pass LNG through completion," a spokesperson for the company said.
ADNOC Buys 11.7% Stake in NextDecade’s Rio Grande LNG Project
The United Arab Emirates’ ADNOC will acquire a 11.7% equity stake in Phase 1 of NextDecade Corp.’s Rio Grande LNG (RGLNG) project from Global Infrastructure Partners (GIP), while also entering an offtake agreement for 1.9 mtpa from the Texas export facility.
What's Affecting Oil Prices This Week? (May 20, 2024)
U.S. economic activity, geopolitical uncertainty in the Middle East and the U.S.' recent hike in Chinese EV import duties all have a hand in the sway of oil prices this week.
Bakshani: Midstream Exhibiting M&A Fever Symptoms
East Daley Analytics identified several market factors in the midstream sector that point to further consolidation ahead.