Crescent Energy and SilverBow Resources, which are merging in a $2.1 billion deal, said that approximately $358.09 million in cash will be paid to holders of SilverBow common stock as part of the merger consideration.
Key family offices, whose wealth developed from other industries, are filling in oil and gas investment gaps left by the flight of endowment and institutional capital from the space.
Kayne Anderson-backed Kraken Resources is producing more than 80,000 boe/d today and has a new Fitch Ratings credit score to take to the M&A bank.
EQT Corp. is marketing the remaining 60% interest in its non-operated Northern Marcellus assets as the Appalachia gas giant works to reduce debt following its $5.45 billion acquisition of Equitrans Midstream.
Since 2019, the Permian Strategic Partnership has doubled its membership and used philanthropic investments to generate more than $1.5 billion in community support and collaborative investment.
In addition to integrating Equistrans’ midstream assets, EQT will focus on reducing the infrastructure company’s debt of between $7.6 billion and $8 billion. Including equity and debt, the deal is valued at roughly $13 billion.
Occidental Petroleum is in talks with joint venture partner Ecopetrol SA to acquire a 30% stake in CrownRock LP for approximately $3.6 billion, according to regulatory filings.
The Gemini solar and storage project includes 1.8 million solar panels that can generate up to 690 megawatts, powering approximately 10% of Nevada’s peak power demand.
Houston-based Gold H2 has made its technology available to select oil and gas companies for pilot demonstrations.
ONEOK plans to build a 230-mile refined products line from western Kansas to the Denver International Airport as part of a $480 million network upgrade.