Energy A&D Transactions from the Week of Aug. 3, 2022
Here’s a snapshot of recent energy deals including Diversified Energy’s acquisition of ConocoPhillips Midcon assets for $240 million and the sale of Baker Hughes’ Russian oilfield services business.
Equitrans to Complete Mountain Valley Pipeline in 2023, Shares Soar
U.S. Senator Joe Manchin said Aug. 1 that he secured a commitment from President Joe Biden, Senate Majority Leader Chuck Schumer and House of Representatives Speaker Nancy Pelosi to allow the long-delayed Mountain Valley to be completed.
EQT in Talks with LNG Companies on Possible Agreements, CEO Says
Finding East Coast LNG opportunities is especially important for a producer like EQT because pipeline capacity in Appalachia, where EQT produces gas, was already near capacity and not expected to grow much in coming years.
Diversified Energy Purchases Third Appalachia Plugging Company
Diversified Energy said it controls inflationary costs by owning the servicing companies and will retire 200 wells per year in Appalachia, far exceeding its government-mandated requirements.
On the Market Oil and Gas Quicklist (Week of July 27, 2022)
Here’s a quicklist of oil and gas assets on the market including a BLM Nevada geothermal lease sale covering roughly 232,500 acres plus an Eagle Resources Group Mississippi Lime package.
Range Resources Repurchases $130 Million in Shares Amid Market Undervaluation
Range Resources intends to reduce its leverage to 0.6x from 1.2x by the end of the year, the Marcellus shale producer said in its earnings report.
CNX, Dynamis Introduce Appalachia's First Next Generation Electric-powered Drilling System
CNX Resources Corp. and Dynamis Power Solutions announced an innovative ESG agreement to introduce the Appalachian Basin's first electric powered drilling system fueled entirely by on-site natural gas.
Energy A&D Transactions from the Week of July 20, 2022
Here’s a snapshot of recent energy deals including the acquisition by ConocoPhillips of a stake in a Texas LNG project plus a $307 million stock-for-stock deal by Houston’s VAALCO Energy.
On the Market Oil and Gas Quicklist (Week of July 20, 2022)
Here’s a quicklist of oil and gas assets on the market including an Abraxas Petroleum Delaware Basin opportunity in Pecos County, Texas, plus an Excess Energy multibasin royalty divestiture.
EQT Touts Poll Showing Nationwide Support for Increasing Natural Gas Production
A poll commissioned by natural gas producer EQT Corp. found that a majority of American voters across all parties are in favor of increasing natural gas production and infrastructure across the country.