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• Peak 10 Energy Launches with Permian Basin Acquisition
  Peak 10 Energy Holdings has launched as an oil...
  Peak 10 Energy Holdings has launched as an oil and gas investment platform for the acquisition of long-lived assets in the U.S.—particularly in the Permian Basin, the company announced in an Aug. 30 press release.
  
  Peak 10 will build on its asset base of non-operated oil and gas properties in Reeves, Fisher, Scurry, Gaines, Dawson and Andrews counties, Texas, with more than 100 producing wells and a multi-year drilling program of Tier 1 undeveloped drilling opportunities.
  
  Peak 10’s first acquisition closed on Aug. 23 with a private seller and is of non-operated upstream oil and gas and associated water handling and recycling assets in the Eastern Shelf of the Permian in Fisher and Scurry counties, Texas.
  
  The company is actively developing the Strawn Formation and holds approximately 57,150 net acres and more than 13,950 net mineral acres, according to Peak 10’s website.
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• Permian Resources Offers $500MM Notes to Help Finance Earthstone Deal
  Permian Resources Corp. intends to offer a private...
  Permian Resources Corp. intends to offer a private placement sale of $500 million in senior unsecured notes to help repay debt and facilitate its $4.5 billion acquisition of Earthstone Energy Inc.
  
  While the deal is an all-stock transaction, Permian Resources will assume Earthstone’s debt when the transaction closes. In conjunction with the transaction, Permian Resources, based in Midland, Texas, secured a $500 million incremental commitment under its credit facility from Wells Fargo Bank.
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• Closing Oil & Gas Prices for Thursday
  Benchmark U.S. crude oil for October delivery...
  Benchmark U.S. crude oil for October delivery fell 67 cents to $86.87 a barrel Thursday. Brent crude for November delivery fell 68 cents to $89.92 a barrel.
  
  Wholesale gasoline for October delivery rose 2 cents to $2.62 a gallon. October heating oil rose 2 cents to $3.21 a gallon. October natural gas rose 7 cents to $2.58 per 1,000 cubic feet.
  
  
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• Nasdaq falls for 4th straight session as Apple weighs on technology stocks
  U.S. stocks finished mostly lower on Thursday with the Nasdaq...
  U.S. stocks finished mostly lower on Thursday with the Nasdaq Composite leading the way down as investor sentiment cratered in the face of concerns that the Federal Reserve may keep interest rates higher for longer. The technology-heavy Nasdaq Index COMP fell 123 points, or 0.9%, to end at 13,748, while suffering four consecutive sessions of losses. The Dow Jones Industrial Average DJIA was up 0.2%, and the S&P 500 Index SPX dropped 0.3%. Apple shares AAPL were down for a second day after the Wall Street Journal reported that China had banned government officials from using iPhones for work purposes. In U.S. economic data, initial jobless benefit claims fell by 13,000 to 216,000 in the week ended Sept. 2, the U.S. Labor Department said Thursday. This is the lowest level since mid-February.
  
  
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• Quest for cleaner gas must extend to the full value chain
  Momentum is growing for responsibly sourced gas as environmental concerns prompt buyers, especially in...
  Momentum is growing for responsibly sourced gas as environmental concerns prompt buyers, especially in Europe, to seek cleaner energy alternatives. Nearly 30% of US gas production has been certified as responsibly sourced, but much remains to be done to reduce methane emissions intensity across the entire gas supply chain, including pipelines, liquefied natural gas terminals and gas-fired plants.
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