Consol Energy, Arch Resources Strike Merger Deal to Create $5B Coal Mining Giant
Arch Resources will merge with Consol Energy in an all-stock deal for more than $5 billion.
Consol Energy, Arch Resources Strike Merger Deal to Create $5 Billion Coal Mining Giant
By Sourasis Bose Deal creates one of the largest US coal companies Combined company to export bulk of production to Asia Arch stockholders to own about 45% of combined company Consol shareholders to own rest Aug 21 (Reuters) – Arch Resources (ARCH.N) will merge with Consol Energy (CEIX.N) in an all-stock deal to create a …
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Will Buffett’s ‘Put’ On Oil Firm Occidental Halt Share Drop?
HOUSTON, Aug 21 (Reuters) – Shares in U.S. oil producer Occidental Petroleum (OXY.N) fell to $56.17 on Tuesday, below a level that has routinely triggered purchases by its biggest holder, billionaire investor Warren Buffett’s Berkshire Hathaway (BRKa.N). Past multimillion-share purchases were so routinely timed to drops below $60 that Wall Street analysts called it “the …
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PakEnergy Acquires Plow Technologies
PakEnergy will buy Plow Technologies, a leading provider of digital workflow automation and cloud/SCADA software, including its OnPing platform.
Element 1, TYCROP, H2 Portable Form Hydrogen Partnership
The companies aim to accelerate the design, manufacture and sales of hydrogen-based power generation technologies, according to a news release.
US Gasoline Margins Slump on Lackluster Summer Demand
Gasoline futures were last down about 2.8% and their premium over West Texas Intermediate crude oil futures shrank to their weakest since Nov. 7, 2023.
Avant Natural Resources Steps Out with North Delaware Avalon Tests
With the core of the Delaware Basin in full manufacturing mode, Avant Natural Resources is pushing an operated portfolio into the northern reaches of the New Mexico Delaware.
Analysts: Canadian Rail Strike Could Exponentially Affect US NGLs, Crude
With the effects of Canada’s rail strike up in the air, the newly opened Trans Mountain Pipeline offers an alternative route for crude headed south.
TIPRO Appoints T. Grant Johnson to Chairman
Johnson, who currently serves as the president of Lone Star Production Co., has sat on TIPRO’s board as a regional representative for the past four years.
Enterprise Expands Delaware Position With $950MM Piñon Purchase
Enterprise Products Partners’ cash deal to acquire Piñon Midstream for $950 million offers sizeable gas treatment facilities in the Permian Basin.