Merrill Lynch, New York, (NYSE: MER) plans to acquire Petrie Parkman & Co., Denver and Houston, for an undisclosed amount. Petrie Parkman is an award-winning investment bank that provides M&A services, asset and private company divestitures, corporate finance, and equity research for the North American oil and gas industry. It was founded in 1989. Co-founder Tom Petrie will become a vice chairman of Merrill Lynch and member of the executive client coverage group. Petrie Parkman chief executive Tom Petrie says, "When these resources are aligned with our shared emphasis on long-term relationships, it will enable us to provide expanded, world-class services to energy companies and investors."
Recommended Reading
USA BioEnergy Secures Texas Land for $2.8B Biorefinery
2025-01-13 - USA BioEnergy subsidiary Texas Renewable Fuels plans to annually convert 1 million tons of forest thinnings into 65 million gallons of net-zero transportation fuel, including SAF and renewable naphtha.
Treasury’s New Hydrogen Tax Credit Regs Open Door to NatGas Producers
2025-01-05 - The U.S. Treasury Department’s long awaited 45V hydrogen tax credit will enable “pathways for hydrogen produced using both electricity and methane” as well as nuclear, the department said Jan. 3.
US Hydrogen Concerns Linger as Next Administration Nears White House
2024-12-11 - BP, EDP Renewables, Inpex and Plug Power executives discuss the state of hydrogen and the hydrogen production tax credit.
California Resources Advances California’s First CCS Project
2025-01-06 - California Resources Corp. will invest between $14 million and $18 million to capture the CO2, the company said in a news release.
BKV Reaches FID, Forms Midstream Partnership for Eagle Ford CCS Project
2025-02-13 - If all required permits are secured, BKV’s CCS project in the Eagle Ford Shale will begin full operations in first-quarter 2026, the Barnett natural gas producer says.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.