Landowners in Arkansas are calling on the Arkansas Oil and Gas Commission to reject a joint application filed by five lithium companies...
Story By Jonathan Leake | The Telegraph | Analysts have warned that Labour’s tax raid on the UK’s North Sea oil and...
A federal judge has hit the pause button on new oil and gas drilling permits in Converse County, Wyoming because of some...
Story By Andreas Exarheas |Rigzone.com| The U.S. Energy Information Administration’s (EIA) latest gasoline and diesel fuel update, released earlier this week, showed...
By David Wethe | (Bloomberg) — The price to rent a deepwater drilling rig may climb to near-record levels if demand from oil...
Chevron CEO Michael Wirth recently criticized U.S. President Joe Biden’s administration for policies that he believes are detrimental to the natural gas...
Story by Bloomberg, via RigZone.com |Authors: J.Saul, N.S.Malik, M.Chediak| Energy companies in the US are planning new natural gas-fired power generation at the...
A small group of California Republicans has introduced several bills ahead of a special legislative session scheduled for October, despite the challenges...
Helium is the second most abundant element in the universe after hydrogen. It is a colorless and odorless inert gas that has unique...
The oil and gas industry is inherently tied to geopolitical events and domestic policy shifts, and the current combination of rising U.S....
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.”
“I will cut your energy prices in half” From OilPrice.com | A Trump campaign...
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...
Harold Hamm, the founder of Oklahoma based Continental Resources and a major figure in...
Diamondback Energy, Kinetik Holdings, and EPIC Midstream have announced a series of transactions designed...
The Energy Workforce & Technology Council (EWTC) has just released its 2024 Workforce Report,...
Have your oil & gas questions answered by industry experts.