Deon
Daugherty
Hart Energy
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.
Executive Compensations Rising in Sync with Shareholder Payoffs
Compensation for oil and gas executives, up an average 8% to 10%, is increasingly tied to stock metrics, rewarding performance instead of growth, according to an Alvarez & Marsal report.
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.
Pearl Energy Investments Closes Fund IV with $999.9MM
Pearl Energy Investments’ Fund IV met its hard cap within four months of launching and closed on Jan. 31.
Phillips 66’s NGL Focus, Midstream Acquisitions Pay Off in 2024
Phillips 66 reported record volumes for 2024 as it advances a wellhead-to-market strategy within its midstream business.