Earthstone Energy Inc. is continuing its Permian Basin acquisition spree with plans to purchase the assets of privately held Titus Oil & Gas Production LLC in the New Mexico portion of the Permian Basin in a $627 million cash-and-stock deal. Located in the northern portion of the Delaware sub-basin, the assets produced 31,800 boe/d (65%…
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Devon Energy Corp. has agreed to purchase RimRock Oil and Gas LP’s Williston Basin leasehold interest and related assets for $865 million. “This bolt-on acquisition is highly complementary to our existing position and is immediately accretive,” said CEO Rick Muncrief. The deal with RimRock, a portfolio company formed in 2016 by private equity giant Warburg…
Global investment firm KKR is buying a stake in a Sempra Energy business unit that manages liquefied natural gas (LNG) projects on the Gulf Coast and in Mexico as it anticipates growth in North American energy infrastructure. Under the terms of the deal announced Monday, KKR will pay $3.37 billion for a 20% non-controlling interest…
A top-level team of Mexican energy officials and regulators has reached an accord with state oil company Petroleos Mexicanos (Pemex) to allow the producer to renew purchasing liquefied natural gas (LNG), while eliminating penalizations under the previous system, a source close to the deal told NGI.
Enterprise Products Partners LP (EPD) late Wednesday said it purchased a 65-acre waterfront site on the Houston Ship Channel to serve as the next phase of expansion at its hydrocarbon terminal.
Denver-based independent QEP Resources Inc. continues its shift to an oilier production mix, completing its exit from the Pinedale Anticline in September while completing this week a $683.5 million purchase of 13,000 acres in the Permian Basin in West Texas.
PTT Global Chemical pcl (PTTGC) has signed purchase option agreements with eight landowners near the proposed site of its multi-billion dollar ethane cracker in Ohio, giving the company the ability to buy the properties if it were to move forward with the facility.
FirstEnergy Corp. wrapped-up its clearing and demolition work last week in Belmont County, OH, at the 150-acre site of a former coal-fired power plant, finishing another step to ready part of the land that could one day be home to PTT Global Chemical pcl’s (PTTGC) proposed ethane cracker.