ARC Resources Divests Non-core, Non-Montney Assets
ARC Resources did not provide additional information on the divested assets, which the company said had results in proceeds of $59.2 million.
Crescent Prices Additional Private Placement on Senior Notes Due 2033
Crescent Energy said it intends to use the net proceeds from this offering to repay a portion of the amounts outstanding under its revolving credit facility.
Talos Makes Discovery, Adds Prospect to Drilling Portfolio in GoM
Talos Energy Inc. made an oil and natural gas discovery at the Ewing Bank 953 well and entered into an agreement to began prospecting the Sebastian well in the Gulf of Mexico.
CSW Increases Common Stock Offering to Repay Debt
CSW Industries increased its offering of common stock from 1 million shares to 1.1 million shares at $285 per share.
Noble Closes $1.6B Diamond Acquisition
Noble Corp.’s cash-and-stock deal to acquire Diamond Offshore Drilling comes as service companies continue to consolidate in an aftershock of widespread upstream M&A.
OPEC+ Agrees to Delay October Output Hike for Two Months, Sources Say
Oil prices edged up from multi-month lows on reports of an OPEC+ delay as well as a decline in U.S. inventories, though gains were capped by persistent demand concerns.
Piedmont Lithium Pulls U.S. Government Loan Application as Prices Slump
By Ernest Scheyder Piedmont Lithium’s headquarters is seen in Belmont, Gaston County, North Carolina, U.S., July 16, 2021. Picture taken July 16, 2021. REUTERS/Ernest Scheyder/File Photo Summary CEO cites market conditions, plans to reapply for DOE loan later Company faces financial stress amid 83% drop in lithium prices Piedmont cancels Tennessee project, N.Carolina plans face delays …
Piedmont Lithium Pulls U.S. Government Loan Application as Prices Slump Read More »
Exxon’s Woods Can Boast in Brooklyn
(Reuters) – An upcoming appearance by Exxon Chief Executive Darren Woods will give him a chance to tout the strong investor support he won despite a lawsuit targeting a few shareholders, and could provide some clarity around the impact of the litigation. Woods, slated to speak at a corporate governance conference in the New York …
U.S. to Spend $7.3 Billion on Rural Clean Energy Projects
(Reuters) – President Joe Biden’s administration on Thursday said the U.S. will spend $7.3 billion from 2022’s Inflation Reduction Act to fund clean energy projects helmed by rural electric cooperatives. The 16 funded projects will reduce energy costs and increase reliability for rural Americans, who tend to pay more for energy, the White House said. …
U.S. to Spend $7.3 Billion on Rural Clean Energy Projects Read More »
Behind the Hype: The ‘Jaw-dropping’ Expectations for AI, Natural Gas
Anecdotal evidence evidence suggests “jaw-dropping” energy needs as AI data centers come online, but building up the power supply will be a complicated process for producers and midstream companies.