Equitrans to Complete Mountain Valley Natgas Pipeline in 2023
Mountain Valley—the only big gas pipe under construction in Appalachia—is one of several U.S. pipeline projects delayed by regulatory and legal fights with environmental and local groups.
Energy A&D Transactions from the Week of June 29, 2022
Here’s a snapshot of recent energy deals including another acquisition by Earthstone Energy for the Permian Basin New Mexico assets of Titus Oil & Gas for $627 million.
On the Market Oil and Gas Quicklist (Week of June 29, 2022)
Here’s a quicklist of oil and gas assets on the market including a Mammoth Exploration Strawn Sand well package plus Salt Creek Oil and Gas nonop Williston Basin assets.
Tug Hill, Quantum Energy Explore $5 Billion Sale: Sources
THQ Appalachia, which focuses on the Marshall and Wetzel counties in West Virginia, is expected to fetch bids of more than $5 billion due to the worth of its existing production and potential value of its undeveloped acreage, sources said.
Pennsylvania’s Gas Drilling Impact Fee Distribution Rises by $100 Million
The Pennsylvania Public Utility Commission (PUC), which has been collecting fees from gas wells and distributing them to local governments, said it has collected and distributed over $2.2 billion to Pennsylvania communities.
Energy A&D Transactions from the Week of June 22, 2022
Here’s a snapshot of recent energy deals including Targa Resources’ $3.55 billion cash acquisition of Lucid Energy Group in the Permian Basin.
On the Market Oil and Gas Quicklist (Week of June 22, 2022)
Here’s a quicklist of oil and gas assets on the market including PetroQuest Energy operated East Texas natural gas interests plus a Verado Energy operated horizontal development in the Permian Basin.
‘Lots of Running Room’ Left in Marcellus Shale—with One Caveat
“There’s lots of running room” in the Marcellus Shale for operators developing from an ESG perspective, Randall Wright, president of Wright & Co Inc., told DUG East attendees.
Digitalization Improves US Shale Operations but Can Compromise Cybersecurity
Expanding the interface between information technology and operational technology makes cybersecurity more challenging and more critical than ever, Siemens Energy cybersecurity expert Sam Miorelli warned shale operators at DUG East.
Executive Q&A: Northern CEO Nick O’Grady and the Zen of A&D
Following a recent $170 million Williston acquisition, Northern Oil and Gas CEO Nick O’Grady weighed in on Bakken versus Permian M&A, the impact of inflation on deals and the dealmaker’s mantra of being ‘OK to lose.’