OAG360 Publishers Note: This marks slight shift in public relations for Exxon, who have yet to really expand upon the renewables trend like their other super major peers. Follow the Energy News Beat at 2PM everyday for more coverage RigZone – Exxon Mobil Corp. announced several new emissions targets and said it would begin publishing pollution related to customers’ use
OAG360 Publishers Note: Billionaire investor Carl Icahn (largest shareholder in Sandridge) has agreed to provide more than $30 million in loans his company after taking control in 2018 following a proxy fight. Shares of Sandridge jumped over 10% on this news. Tune into the Energy News Beat for more coverage _________ PRESS RELEASE OKLAHOMA CITY, Nov. 30, 2020 /PRNewswire/ — SandRidge Energy,
At the risk of overusing the word of the year, 2020 has been unprecedented. As election results rolled in the evening of Nov. 3rd, the markets began to move – literally. Will Americans’ decision for the next President of the United States bring headwinds or tailwinds to energy markets around the world? With traders and risk analysts monitoring hundreds
(Bloomberg) –China’s oil giants China National Petroleum Corp. and CNOOC Ltd. are considering acquiring Exxon Mobil Corp.’s remaining stake in an oil field in Iraq, which could fetch at least $500 million, according to people familiar with the matter. The Chinese state-owned firms are weighing a potential deal to buy the 32.7% stake in Iraq’s West Qurna 1 field held
Nov 20 (Reuters) – Shale producer Pioneer Natural Resources Co said on Friday it would reinstate full salaries of its chief executive officer and other executives in 2021, after cutting them earlier this year as the COVID-19 pandemic crushed oil prices. Pioneer had cut CEO Scott Sheffield’s annual base salary by 20% in May, a month after U.S. oil prices
DENVER–(BUSINESS WIRE)–FourPass Energy, LLC (“FourPass”), an oil and gas operating company, along with funds managed by Oaktree Capital Management, L.P. (collectively, “Oaktree”) today announced a partnership to acquire and operate large-scale, oil-weighted, producing oil and gas assets. Oaktree’s $900 million pledge includes $600 million in initial equity, with an option to upsize the commitment by $300 million. FourPass is led
OAG360 Publishers Note: Kimmeridge, officially Kimmeridge Energy Management Co., announced yesterday 3 new positions accounting for $62 million PDC Energy Cimarex Energy Ovintiv (artist formerly known as Encana) The New York based private equity firm was quoted in Bloomberg saying “Ovintiv is one of the more egregious examples of misalignment in the sector, whether its the excessive compensation relative to
PITTSBURGH, Nov. 16, 2020 /PRNewswire/ — EQT Corporation (NYSE: EQT) (the “Company” or “EQT”) announced today that it has amended the terms of its previously announced tender offer (the “Tender Offer”) to purchase for cash up to an amended Maximum Tender Amount (as defined below) of its 4.875% Senior Notes due 2021 (the “2021 Notes”) and 3.000% Senior Notes due
OAG360 Publishers Note: More information coming, watch our Energy News Beat at 2 PM daily for more analysis _______ SPRING, Texas–(BUSINESS WIRE)–Southwestern Energy Company (NYSE: SWN) today announced that it has completed the acquisition of Montage Resources following approval by Montage shareholders. Under the previously announced credit agreement amendment, the Company’s borrowing base on its revolving credit facility has been
OAG360 Publishers Note: This merger creates a major DJ basin player, and analysts at www.oilandgas360 love BCEI, mininal debt, good mangents. LONG THIS DEAL. For more analysis of this deal, check out our Energy News Beat this afternoon The Street _______ Bonanza Crek Energy, Inc. (“Bonanza Creek” or the “Company”) (NYSE: BCEI) and HighPoint Resources Corporation (“HighPoint”) (NYSE: HPR) today announced
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