US upstream news
Reuters: Senate confirms fracking executive Chris Wright as Trump's energy secretary
The US Senate on Monday 3 February confirmed Chris Wright, a fracking executive, to be President Donald Trump's energy secretary.
Crescent Energy closes accretive central Eagle Ford bolt-on
Crescent Energy Company has announced the closing of its acquisition of Central Eagle Ford assets from Ridgemar Energy for upfront consideration of US$905 million, consisting of US$830 million in cash and 5 454 546 shares of Class A common stock.
Diversified Energy announces acquisition of Maverick Natural Resources
Diversified Energy has announced that it has entered into a definitive agreement to acquire Maverick Natural Resources, a portfolio company of EIG, for total consideration of approximately US$1275 million.
CNX closes acquisition of Apex Energy
This strategic bolt-on acquisition expands CNX's existing stacked Marcellus and Utica undeveloped leasehold in the CPA region and provides an existing infrastructure footprint that can be leveraged for future development.
Kuva Systems awarded a US$5 million contract from the US Department of Energy to simplify methane mitigation for oil and gas industry
The agreement will support Kuva in refining and demonstrating its remote emissions investigation system across 175 oil and gas sites in the US.
Reuters: Trump's energy actions on his first day
US President Donald Trump issued a flurry of orders within hours of his inauguration on Monday 20 January 2025 intended to boost the nation's already record-high oil and gas production and unwind former President Joe Biden's climate agenda, reports Reuters.
Eagle Mountain Energy Partners II, LLC announces partnership with Pearl Energy Investments
Eagle Mountain Energy Partners II, LLC has announced that it has secured an equity commitment from Dallas-based investment firm, Pearl Energy Investments.
TXO Partners announces natural gas potential in the Mancos shale of the San Juan Basin
TXO Partners has announced that the Mancos Shale play in the San Juan Basin of New Mexico and Colorado has a large potential for natural gas.
Kinder Morgan announces acquisition of gas gathering and processing system in Bakken from Outrigger Energy II
The acquisition includes a processing facility and a 104 mile, large-diameter, high-pressure rich gas gathering header pipeline connecting supplies from the Williston Basin area to high-demand markets.
Talos Energy announces successful drilling results at the Katmai West #2 well in the US Gulf of Mexico
Talos Energy Inc. has announced that the Katmai West #2 well located in the Ewing Bank area of the US Gulf of Mexico successfully encountered commercial quantities of oil and natural gas.