The Latest

Chevron Buys 15.4MM Shares of Hess Stock on Open Market

Chevron Corp. reported that between January and March 2025 it purchased about 5% of Hess Corp. shares, according to a Securities and Exchange Commission filing.

Expand Energy Picked to Join S&P 500

Gas pureplay Expand Energy will be elevated on March 24 from its position in the S&P MidCap 400 index.

Utica Oil Player Ascent Resources ‘Considering’ an IPO

The 12-year-old privately held E&P Ascent Resources produced 2.2 Bcfe/d in the fourth quarter, including 14% liquids from the liquids-rich eastern Ohio Utica.

Venture Global Shares Plummet as Plaquemines LNG Price Upped by $2B

Venture Global LNG missed market expectations in its first earnings report and shares fell further with the announcement of an $18 billion brownfield expansion at Plaquemines.

Occidental Temporarily Reduces Warrants Price to Raise $1.6B

Occidental Petroleum’s offer to warrant-holders at a reduced exercise price of $21.30 would raise $1.6 billion, the company said.

Energy Transfer Announces $3B Senior Notes Offering

Midstream company Energy Transfer plans to use the proceeds from its $3 billion offering of senior notes to refinance existing debts and for general partnership purposes.

Infinity Natural Resources’ IPO Nets Another $37MM

Underwriters of Infinity Natural Resources’ January IPO have fully exercised options to purchase additional Class A common stock at $20 per share.

Mach Prices Common Units, Closes Flycatcher Deal

Mach Natural Resources priced a public offering of common units following the close of $29.8 million of assets near its current holdings in the Ardmore Basin on Jan. 31.

Encino's Owner Mulls $7B Sale, IPO of Utica E&P, Sources Say

CPP Investments is considering a sale or IPO of Encino Acquisition Partners following January’s IPO of fellow Utica Shale E&P Infinity Natural Resources.

Utica Liftoff: Infinity Natural Resources’ Shares Jump 10% in IPO

Infinity Natural Resources CEO Zack Arnold told Hart Energy the newly IPO’ed company will stick with Ohio oil, Marcellus Shale gas.