United States
Dividends Declared in the Week of July 15
Here is a selection of dividends declared in the week of July 15 for upstream, midstream and service and supply companies.
Gold H2, Oil Company Ink Deal for Microbial Hydrogen Technology
Houston-based Gold H2 has made its technology available to select oil and gas companies for pilot demonstrations.
Occidental Clears FTC Scrutiny to Close $12B CrownRock Deal
The waiting period for Occidental’s $12 billion acquisition of CrownRock LP under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 has expired, clearing the way for the deal to close next month.
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.
Intersect Power Taps Tesla for Energy Storage Systems
Intersect Power is one of the largest buyers and operators of Tesla’s Megapack battery energy storage system.
WoodMac: Are MidEast, Asia NOCs Poised For M&A Resurgence?
International M&A spend by national oil companies (NOCs) has dwindled from nearly 50% to less than 5% today. But Wood Mackenzie researchers see NOCs playing a larger role in international M&A in the future.
Marketed: Delaware Basin AFE Interests Divestiture
Armstrong Energy Corp. and Slash Exploration have retained RedOaks Energy Advisors for a sale of certain wellbore-only AFE interests located in Lea County, New Mexico.
New Wells Underway: Private E&Ps Pulled 40% of US Permits in May
Private E&Ps are keeping pace with public operators in taking permits for new-drill horizontals across the Lower 48, according to a research report.