Chris Casteel The Oklahoman – As Democratic presidential candidates court Oklahomans for votes, some are calling for measures that would sharply curtail...
Reuters – South Korea is on track to overtake Canada as the top buyer of U.S. crude oil in 2020 as a...
Financial Times – Bankruptcy risks in the US shale sector are rising, with weak oil prices and tightening access to credit worsening...
Houston Chronicle – The oil and natural gas industry practice of burning surplus gas from oil wells, or flaring, has reached levels...
By: Jack Money – The Oklahoman – Oklahomans are about to gain access to additional groundwater that can be used for industrial,...
Houston Chronicle — Clayton Williams, a colorful Texas oilman and philanthropist whose 1990 run for governor was derailed after joking about rape...
Casper Star Tribune – One bill up for debate during this year’s legislative session in Wyoming could be a game-changer for the...
Houston Chronicle – Oil Bust or Oil Boom? Last month, two days before the latest government prediction that U.S. shale production would...
CNBC – Oil prices climbed more than 2% on Wednesday as China reported its lowest daily number of new coronavirus cases since...
Forbes – This is the third of a multi-part series on the state of the main sources of energy in the US...
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.”
by Andreas Exarheas | RigZone.com |In a release sent to Rigzone this week, Enverus announced...
In the last 24 hours, tensions in the Middle East have entered a new...
By Tsvetana Paraskova for Oilprice.com | U.S. oil producers flocked to hedge higher prices...
Story By Andreas Exarheas | RigZone.com |The U.S. Energy Information Administration (EIA) revealed its...
A-list actors are turning their attention to Wall Street, and this time, the plot...
Tucked into a sweeping fiscal package backed by President Donald Trump, Senate Republicans are...
By a 6–0 vote, the Texas Supreme Court has handed a major victory to...
The oil and gas sector is undergoing a major digital overhaul, and data is...
Amid rising global tensions following U.S. strikes on Iranian nuclear sites, former President Donald...
By Tsvetana Paraskova for Oilprice.com | Equinor and its partners have decided to invest...
(Reuters) -An $88 million satellite backed by billionaire Jeff Bezos that detected oil and...
Have your oil & gas questions answered by industry experts.