Sandy
Segrist
Hart Energy
Despite 2Q Earnings Miss, Kinder Morgan Plans Gas Capacity Growth
Kinder Morgan's second quarter earnings fell short of expectations due to recent low gas prices, but remains bullish on natural gas demand and is moving ahead on projects in the Southeast U.S. and Williston Basin.
Liberty Energy Warns of ‘Softer’ E&P Activity to Finish 2024
Service company Liberty Energy Inc. upped its EBITDA 12% quarter over quarter but sees signs of slowing drilling activity and completions in the second half of the year.
SM Energy Offers Senior Notes to Help Fund $2B XCL Resources’ Deal
SM Energy said it intends to use the net proceeds from the notes to fund its pending $2.04 billion purchase of XCL Resources.
Summit Midstream Commences Tender Offer on Notes Due 2026
Summit Midstream also announced July 17 a proposed offering of $500 million in aggregate principal amount of new senior secured second lien notes due 2029.
US Silica Investors OK Apollo’s $1.85B Take-private Deal
U.S. Silica stockholders approved a $1.85 billion all-cash deal with Apollo Global Management, a transaction that will take publicly traded proppant services provider private.
KC Fed Survey: NatGas to Rise, but Not Enough for Profitability
The Kansas City Federal Reserve Bank’s energy survey saw activity decline in the second quarter as producers look to the back half of 2024 for natural gas prices to improve—but not enough to turn a profit.
Trio Chairman Robin Ross Named CEO Less Than a Month After Return
Robin Ross, who last month returned to Trio Petroleum as board chair, has been named CEO while predecessor Michael Peterson will remain as a consultant.
Upstream, Midstream Dividends Declared in the Week of July 8, 2024
Here is a selection of upstream and midstream dividends declared in the week of July 8.
Firms Blast ‘Conflict-ridden’ Martin Midstream Deal, Launch Counteroffer
Two New York-based capital firms say a May proposal by Martin Resource Management to buy Martin Midstream for $100 million represents a “below market and conflict-ridden proposal,” while the firm’s own offer has been rebuffed.
Solaris Stock Jumps 40% On $200MM Acquisition of Distributed Power Provider
With the acquisition of distributed power provider Mobile Energy Rentals, oilfield services player Solaris sees opportunity to grow in industries outside of the oil patch—data centers, in particular.