Darren
Barbee
Oil and Gas Investor
ConocoPhillips Sells $600MM in Noncore Permian Basin Assets
Following its $22.5 billion deal to buy Marathon Oil, ConocoPhillips is targeting $2 billion in asset sales— a goal a company executive said would largely be achieved this year.
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.
Renegade Waiting for ‘Catalyst’ as it Mulls Building, Buying Midstream
Renegade Infrastructure CEO Drew Ward says the company is currently “basin agnostic” and is considering greenfield projects and M&A after winning a capital commitment from PE firm Energy Spectrum Partners.
VanLoh: US Energy Security Needs ‘Manhattan Project’ Intensity
Quantum Capital Group Founder and CEO Wil VanLoh says oil and gas investment, a modernized electric grid and critical minerals are needed to meet an all of the above energy strategy.
Rising Phoenix Capital Launches $20MM Mineral Fund
Rising Phoenix Capital said the La Plata Peak Income Fund focuses on acquiring producing royalty interests that provide consistent cash flow without drilling risk.
Infinium, Summit Carbon Solutions Join Forces to Advance Efuels
Infinium will supply up to 670,000 metric tons of CO2 to Summit Carbon at a eFuels facility.
Alliance Resource Partners Adds More Mineral Interests in 4Q
Alliance Resource Partners closed on $9.6 million in acquisitions in the fourth quarter, adding to a portfolio of nearly 70,000 net royalty acres that are majority centered in the Midland and Delaware basins.
Oil Industry Veteran Beyer Appointed to Key Interior Department Post
Energy industry veteran Leslie Beyer has been appointed to assistant secretary of land and minerals management at the U.S. Interior Department, where she will oversee key agencies including the Bureau of Land Management and Bureau of Ocean Energy Management.
McDermott Completes Project Offshore East Malaysia Ahead of Schedule
McDermott International replaced a gas lift riser and installed new equipment in water depth of 1,400 m for Thailand national oil company PTTEP.
Diamondback Energy Appoints Industry Veteran Holderness to Board
Diamondback Energy has named Darin G. Holderness, who founded and served as CFO at P&A Exchange LLC and CFO at ProPetro Holding Corp. as a board of directors at the Permian Basin E&P.