United States
CCS/CCUS , Health, Safety & Environment
Aera Energy Lands $2.8MM in DOE DAC Funding
The funding will be used to conduct a feasibility study to establish the viability of direct air capture as a business and technology in California, the company says.
Field Development
Royale Reports Favorable Results in Permian’s Mississippian Interval
Royale Energy has four producing wells, with a fifth and sixth being drilled and completed in Ector County, Texas, with plans to bring them online later this year.
Energy Transition , Business , Mergers
Energy Partnerships: Don’t Settle for ‘First Person that Comes Along’
Energy executives share insights and tips—look for red flags, run the “intercontinental flight test”—when forming lasting collaborative partnerships.
Bioenergy/Biomass , Geothermal , RNG , Renewables , Energy Storage , Solar , Hydrogen , Wind , International
Energy Transition in Motion (Week of May 31, 2024)
Here is a look at some of this week’s renewable energy news.
Rig Counts
US Drillers Cut Most Oil, Gas Rigs in a Month Since August
The oil and gas rig count, an early indicator of future output, held steady at 600 in the week to May 31.
Acquisitions & Divestitures , Crude Oil , Restructurings , Shale Plays
Chord Closes $4B Enerplus Acquisition for Williston Basin Scale
The Enerplus transaction gives Chord Energy another decade of drilling runway in the Bakken Shale play—the nation’s second-largest oil field.
Policy & Regulations , Crude Oil , Acquisitions & Divestitures
Schumer Asks DOJ to Investigate FTC Claim Oil Exec Colluded with OPEC
Earlier in May, the Federal Trade Commission gave the go-ahead to Exxon Mobil's $60 billion purchase of Pioneer Natural Resources, but barred former Pioneer CEO Scott Sheffield from Exxon's board on allegations he attempted to collude with OPEC to raise oil prices.
Acquisitions & Divestitures , Shale Plays , Crude Oil , Transactions
Multi-basin Mayhem: Conoco, Marathon Tout Eagle Ford, Bakken Runway
ConocoPhillips and Marathon Oil—which both trace their roots to the breakup of John D. Rockefeller’s Standard Oil Trust more than a century ago—are combining in a $22.5 billion deal.
Legislation , Mergers , Acquisitions & Divestitures
Sheffield Responds to FTC: Ban from Exxon Board a ‘Dangerous Course’
Pioneer Natural Resources founding CEO Scott Sheffield urges the U.S. Federal Trade Commission to vacate its order; FTC responds with defiance.
Acquisitions & Divestitures , Policy & Regulations , Mergers
From Comedy Central to Exxon Mobil-Pioneer Deal, a New FTC Emerges
The Exxon Mobil and Pioneer Natural Resources deal closed quickly and without divestment conditions, an antitrust attorney said — except for the sole condition that barred Pioneer’s founding CEO from Exxon’s board.