United States
Acquisitions & Divestitures , Lease Sales , Crude Oil
Magnolia Bolts-on 27,000 Acres in South Texas’ Giddings Field
Magnolia Oil & Gas said it paid $125 million to a private operator to acquire the acreage, which has minimal production.
Pipelines , Earnings , Crude Oil
Energy Transfer Remains Hungry for M&A, Sees 1Q Oil Volumes Surge
Energy Transfer reported record first-quarter crude volumes and expects demand for petrochemicals to continue rising.
Health, Safety & Environment , Legislation
US Republican Attorneys General Sue to Stop EPA's Carbon Rule
The rule, finalized by President Joe Biden's administration last month as part of an effort to combat climate change, was challenged in three lawsuits filed in the U.S. Court of Appeals for the District of Columbia Circuit.
Acquisitions & Divestitures , Gathering & Processing , Pipelines , Construction
Kinetik Launches Delaware Basin M&A Valued at $1.3B
Kinetik Holdings will buy Durango Permian infrastructure for $765 million, excluding contingency payments, and sell its interests in the Gulf Coast Express pipeline to AcrLight Capital Partners for $540 million.
Acquisitions & Divestitures , Field Development , Exploration & Production
Chord Juggles Closing $4B Enerplus Deal, Plans to Drill 4-mile Laterals
Chord Energy expects to close its Enerplus acquisition by the end of May but, for now, is focused on three-mile and, eventually, four-mile laterals in the Williston Basin.
Acquisitions & Divestitures , Earnings , Crude Oil
Sitio Closes D-J Basin Deal, Looks to Defragment Minerals Space
Sitio Royalties closed its acquisition of 13,062 net royalty acres. CEO Chris Conoscenti has a strong pipeline of minerals acquisition opportunities.
Midstream
Energy Transfer Eyes Draft Environmental Statement for Blue Marlin Project This Quarter
Energy Transfer is among several firms vying to build deepwater ports along the Texas Gulf Coast.
Wind , Liquefied Natural Gas (LNG) , Policy & Regulations
Trump Woos Oil CEOs, Promises to Roll Back Biden Rules on EVs, LNG
Republican president candidate Donald Trump courted the CEOs of Venture Global, Cheniere Energy as well as representatives from Chevron, Continental Resources, Exxon and Occidental Petroleum, the Washington Post reported.
Energy Storage
Acadia Energy, Alternus to Develop 200 MW of Microgrids in New York
Acadia Energy and Alternus Clean Energy will equally share project development costs and expect to begin commercial operations within two years.
Crude Oil , Natural Gas , International , Trade
Kissler: Mideast Tension Elevates Crude Prices—But for How Long?
Producers should be aggressive in locking in desirable crude oil prices on an abnormal market strength.