Story By Aaron Clark | Bloomberg, via RigZone.com | Global methane emissions from fossil fuels held near a record high last year,...
A planned oil and gas development endeavor involving 166 wells on the outskirts of Denver is under scrutiny for potentially undermining a...
In response to conflicts with legislators over fossil fuel drilling fees, the New Mexico State Land Office has halted oil and gas...
China claims much of the South China Sea, part of the Pacific Ocean that is bounded by China, Taiwan, Indonesia, the Philippines, Malaysia,...
The recent court ruling against Kern County’s oil and gas permitting process has been a significant victory for environmentalists and local communities....
In 1951 Aramco found the first offshore oil field in the Middle East. In the 1970s and ’80s, control gradually passed to the...
In 2024, the Permian Basin is poised to witness the ongoing impact of private operators amidst a landscape that’s increasingly being shaped...
Efforts by US banks to resist stricter capital regulations have found unexpected support from the renewable energy sector, which cautions that the...
(Bloomberg) via World Oil – U.S. natural gas prices surged after EQT Corp., the nation’s largest producer, said it will slash production...
In a significant development within the oil sector, the Organization of the Petroleum Exporting Countries (OPEC) reported an increase in oil production...
E&P EQT Corp. and Equitrans Midstream Corp. have entered into a definitive merger agreement reuniting the two companies in an all-stock deal worth roughly $5.45 billion, according to a March 11 press release.
The companies said the deal creates the U.S.’ only large-scale, vertically integrated natural gas company prepared to “compete on the global stage,” according to EQT — an echo of the rationale Chesapeake Energy cited in its $7.4 billion merger announcement in January with Southwestern Energy.
Under the terms of the merger agreement, each outstanding share of Equitrans common stock will be exchanged for 0.3504 shares of EQT common stock, representing an implied value of $12.50 per Equitrans share brd on the volume weighted average price of EQT common stock for the 30 days ending on March 8. The transaction suggests a 12% premium over Equitrans’ March 8 closing price of $11.16.
After the deal, EQT shareholders would own 74% of the combined company and Equitrans shareholders the remaining 26%.
EQT said that when complete, the combined company’s enterprise value would exceed $35 billion and add more than 2,000 miles of critical pipeline infrastructure with “extensive overlap with EQT's core upstream operations and existing midstream assets.”
Harold Hamm, the founder of Oklahoma based Continental Resources and a major figure in...
by Bloomberg | Devika Krishna Kumar and Christopher Charleston | Oil held steady after...
Owning mineral rights can be both a rewarding and challenging experience, especially if you...
By Tsvetana Paraskova for Oilprice.com | Russian oil companies and officials have discussed the...
BP has officially abandoned its 2030 target to significantly cut oil and gas production,...
By Bloomberg| Anthony Di Paola & Sherry Su | Saudi Arabia raised its main...
U.S. energy firms have reduced the number of oil and natural gas rigs for...
Story By By David Wethe (Bloomberg) — Oilfield-service costs for US horizontal shale drilling are...
Brent crude prices have climbed 8.5% so far this week on concerns over conflicts...
According to a press release on October 2nd, Texas Pacific Land Corporation (TPL) has...
Story by Tsvetana Paraskova for Oilprice.com: The slump in U.S. natural gas prices in...
“I will cut your energy prices in half” From OilPrice.com | A Trump campaign...
Have your oil & gas questions answered by industry experts.