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Archrock to acquire Total Operations and Production Services, LLC

$983 million cash and stock transaction expected to be immediately accretive to Archrock’s earnings per share and cash available for dividend per share Complements and deepens existing compression operations in the Permian Basin with addition of 580,000 horsepower of young assets, including approximately 500,000 operating horsepower and a substantial and contracted backlog of new equipment …

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Tellurian to be Acquired by Woodside for Approximately $900 Million

All-cash transaction provides substantial and certain value to Tellurian shareholders Offer reflects new leadership’s progress executing the company’s refreshed strategy HOUSTON–(BUSINESS WIRE)–Tellurian Inc. (“Tellurian”) (NYSE American: TELL) today announced that it has entered into a definitive agreement with subsidiaries of Woodside Energy Group Ltd (“Woodside”) (ASX: WDS) pursuant to which Woodside will acquire all the …

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VAALCO Energy, Inc. Provides Positive Additional Information Regarding Its Acquisition Of Svenska

HOUSTON, July 16, 2024 (GLOBE NEWSWIRE) — VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) (“VAALCO” or the “Company”) today announces that it has filed a Form 8-K/A with the Securities and Exchange Commission (“SEC”) that provides historical financial statements and additional reserves disclosures regarding its acquisition of Svenska Petroleum Exploration AB (“Svenska”). Key highlights: Updated …

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Gibson Energy Announces Contract Extension and Sanctions Cactus II Connection at Gateway Terminal

CALGARY, Alberta, July 15, 2024 (GLOBE NEWSWIRE) — Gibson Energy Inc. (TSX:GEI) (“Gibson” or the “Company”) announced today the extension of a long-term contract with an investment grade global E&P company at its Gateway Terminal and the sanction of a connection to the Cactus II Pipeline. The specific terms of the customer contract are confidential. …

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Ring Energy Increases Sales Guidance and Announces Debt Reduction Results for Second Quarter 2024

Reaffirms Borrowing Base at $600 Million THE WOODLANDS, Texas, July 08, 2024 (GLOBE NEWSWIRE) — Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today updated second quarter of 2024 sales guidance and end-of-period debt, and announced reaffirmation of the $600 million borrowing base. Key Highlights Increases second quarter 2024 sales guidance range above …

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Devon Energy Announces Strategic Acquisition in the Williston Basin and Expands Share-Repurchase Authorization by 67 Percent to $5 Billion

OKLAHOMA CITY, July 08, 2024 (GLOBE NEWSWIRE) — Devon Energy (NYSE: DVN) announced today it has entered into a definitive purchase agreement to acquire the Williston Basin business of Grayson Mill Energy in a transaction valued at $5 billion, consisting of $3.25 billion of cash and $1.75 billion of stock to the sellers. The transaction …

Devon Energy Announces Strategic Acquisition in the Williston Basin and Expands Share-Repurchase Authorization by 67 Percent to $5 Billion Read More »

Epsilon Announces an Increased Borrowing Base and Permian Operations Update

HOUSTON, June 25, 2024 (GLOBE NEWSWIRE) — Epsilon Energy Ltd. (“Epsilon” or the “Company”) (NASDAQ: EPSN) today reported the results of a borrowing base redetermination on the Company’s senior secured reserve-based revolving credit facility (the “Credit Facility”) with Frost Bank (the “Lender”). Effective on June 21, 2024, the Lender redetermined the Company’s borrowing base at …

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Targa Resources Corp. Announces Organizational Changes

(GLOBE NEWSWIRE) — Targa Resources Corp. (NYSE: TRGP) (“Targa” or the “Company”) announced today the following organizational changes, with the changes approved by Targa’s Board of Directors effective July 22, 2024. As part of Targa’s long-term development plans, Jennifer R. Kneale, current Chief Financial Officer (“CFO”), will become President – Finance and Administration. Jen will …

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Ring Energy Announces Management Team Changes

(GLOBE NEWSWIRE) — Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today announced management team changes, including the pending departure of two senior executives. Mr. Stephen D. Brooks, Ring’s Executive Vice President of Land, Legal, Human Resources and Marketing, has elected to retire from his position effective July 1, 2024. The Company has …

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