In July 2020, Dominion Energy announced it had decided to exit the natural gas pipeline business by selling it to Warren Buffett’s Berkshire Hathaway Energy (see Dominion Cancels Atlantic Coast Pipe, Sells Pipe Biz for $9.7B). Part of the deal involved selling a 25% interest in the Cove Point LNG export facility to Berkshire Hathaway,…
Read More...TransCanada Corporation, which renamed itself TC Energy in 2019, made a play for and bought out/merged in U.S.-based Columbia Pipeline Group in 2016 (see TransCanada and Columbia Pipeline Tie the Knot Today). TransCanada paid $13 billion for Columbia, including the assumption of $2.8 billion of debt. TransCanada paid Columbia shareholders $25.50 per share in cash….
Read More...Superior Pipeline, headquartered in Oklahoma, operates in the following geographic areas: the Texas/Oklahoma panhandle, Central/Western Oklahoma, Southeastern Oklahoma, Southeast Texas, Kansas, and Appalachia, including Pennsylvania and West Virginia. Superior owns and operates natural gas gathering and processing facilities, natural gas treating plants, and over 3,700 miles of pipeline. Unit Corporation, which had owned 50% of…
Read More...Drilling Tools International (DTI) has just received a major cash infusion of $40.8 million to expand and begin trading as a public company. DTI is a Houston, Texas-based oilfield services company that manufactures and rents downhole drilling tools used in horizontal and directional drilling of oil and natural gas wells. DTI, a private company until…
Read More...In the summer of 2021, Patterson-UTI Energy, which operates 21 active rigs in the Marcellus/Utica (out of 49 active M-U rigs, nearly half of all active M-U rigs!), announced it was buying a smaller competitor, Pioneer Energy Services Corp. (see Patterson-UTI Energy Buying Pioneer Energy Services for $295M). Patterson added Pioneer’s fleet of 16 super-spec
Read More...Last December, Rice Acquisition Corp II, a special purpose acquisition company (SPAC) started by the Rice brothers (Danny, Toby, and Derek), announced a deal to acquire NET Power–an electric power developer with revolutionary new technology to capture every last molecule of carbon dioxide from natural gas-fired power plants (see Dan Rice Buys Co. that Builds
Read More...Hope Gas, a Local Distribution Company (LDC), otherwise known as a utility company, provides gas service to approximately 112,000 residential,… Continue reading The post Equitrans Selling 900 Miles of WV Gathering Pipes to Hope Gas first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.
Read More...Zefiro Methane Corp., a private “methane offsets originator” (we will explain) headquartered in Vancouver, British Columbia, has acquired a majority… Continue reading The post Canadian Methane Offsets Co. Buys Northwest Pa. Well Plugging Co. first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.
Read More...National Fuel Gas Company (NFG), headquartered in Buffalo, NY, is the parent company for Marcellus/Utica driller Seneca Resources and the… Continue reading The post Seneca Resources Buys Southwestern Assets in Tioga County, PA first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.
Read More...Last September, EQT Corporation announced it is buying privately-owned Tug Hill Operating’s West Virginia shale assets for $5.2 billion (see… Continue reading The post EQT Seeks to Extend Note Redemption Extra 6 Mos. for Tug Hill Deal first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.
Read More...We spotted an article by a Bloomberg opinion columnist that says American shale energy is in a “midlife crisis.” The… Continue reading The post Bloomberg: Shale in Midlife Crisis, Big Oil Rides in to Save Day first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.
Read More...CERAWeek, happening this week in Houston, Texas, is one of (perhaps THE) premier oil and gas conferences held each year…. Continue reading The post BKV IPO On Hold, M&A Deals Falling Apart Due to Low Gas Prices first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.
Read More...Range Resources Corporation, the very first driller to sink a Marcellus shale well back in 2004 in western Pennsylvania, issued… Continue reading The post Range Resources Addresses Pioneer M&A Rumor on 4Q Conference Call first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.
Read More...The rumor mill kicked into overdrive on Friday when Bloomberg published an article saying Pioneer Natural Resources Co., one the… Continue reading The post Rumor: Oil Driller Pioneer Negotiating to Buy Range Resources first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.
Read More...Yesterday Chesapeake Energy announced it has cut a deal to sell the majority of its Eagle Ford oil assets to… Continue reading The post Chesapeake Sells 90% of Eagle Ford Assets to WildFire for $1.4B first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.
Read More...