Haynesville Shale

SELECT WATER SOLUTIONS ANNOUNCES MULTIPLE STRATEGIC INFRASTRUCTURE ACQUISITIONS

Retrieved on: 
Tuesday, January 30, 2024
WTTR, Internet, Recycling, Water, Acquisition, Haynesville Shale, Tri-state, Oil

HOUSTON, Jan. 30, 2024 /PRNewswire/ -- Select Water Solutions, Inc. (NYSE: WTTR) ("Select" or the "Company"), a leading provider of sustainable water and chemical solutions to the energy industry, today announced the acquisition of strategic water infrastructure assets in the Haynesville Shale and Rockies regions for approximately $90 million of aggregate cash consideration. These acquisitions will add approximately 450,000 barrels per day of permitted disposal capacity to Select's Water Infrastructure segment across 21 active saltwater disposal wells, two slurry injection wells, a solids treatment facility and a number of approved permits for additional recycling and disposal facility development. The active disposal operations are supported by a significant portfolio of interconnected gathering pipelines, strategic surface acreage and right-of-way, and multiple long-term pipeline gathering and dedication contracts.

Key Points: 
  • John Schmitz, Chairman of the Board, President and CEO, stated, "Select is the leader in delivering full life cycle water solutions to meet the growing need for long-term produced water management in the energy industry, and our recent acquisitions strengthen this position.
  • The three acquisitions will bring additional contracted revenue and earnings power to our Water Infrastructure segment and strategically complement our existing water infrastructure networks in the Haynesville Shale and Rockies regions.
  • Not only do these acquisitions fit our near-term strategy to grow and expand our production-based and contracted revenues within our Water Infrastructure segment, but they provide further development potential for two of our critical regional infrastructure networks.
  • During January 2024, Select completed the acquisition of certain water disposal assets and operations in the Rockies region for cash consideration.

WhiteHawk Energy Announces $54 Million Acquisition of Core Marcellus Shale Natural Gas Mineral and Royalty Assets

Retrieved on: 
Wednesday, November 15, 2023
Energy, Natural Resources, Mining, Minerals, Oil, Gas, EQT, Acquisition, NYSE, Range Resources, Public expenditure, RRC, Chesapeake Energy, CNX Resources, CNX, Haynesville Shale, Marcellus Formation, Southwestern Energy

WhiteHawk Energy, LLC (“WhiteHawk” or the “Company”) announced today the acquisition of additional Marcellus Shale natural gas mineral and royalty assets for a total purchase price of $54.0 million.

Key Points: 
  • WhiteHawk Energy, LLC (“WhiteHawk” or the “Company”) announced today the acquisition of additional Marcellus Shale natural gas mineral and royalty assets for a total purchase price of $54.0 million.
  • The acquisition increases WhiteHawk’s mineral and royalty ownership in its existing 475,000 gross acre position by 100% (collective with WhiteHawk’s existing position, the “Marcellus Assets”).
  • Earlier in 2023, WhiteHawk acquired natural gas mineral and royalty assets in the Haynesville Shale, covering approximately 375,000 gross unit acres.
  • The Company’s Haynesville Shale assets are actively being developed by Southwestern Energy, Chesapeake Energy, Aethon Energy Management and Comstock Resources.

WhiteHawk Energy Proposes to Combine with PHX Minerals, Inc. in Stock-for-Stock Transaction

Retrieved on: 
Wednesday, August 9, 2023
Oil, Gas, Natural Resources, Energy, Other Natural Resources, Mining, Minerals, Proposal, Letter, Haynesville Shale, G&A, Whitehawk, Vii, CFO, Immediate, Haynesville, Weil, Gotshal & Manges, Cryptocurrency, Holding company, Security (finance), Sales, PHX

An affiliate of WhiteHawk Energy, LLC (“WhiteHawk”), an independent energy minerals and royalties company, today sent a letter to Mark Behrman, the Chairman of PHX Minerals, Inc.’s (“PHX”) board of directors, copied in full below, with respect to its proposal to combine with PHX in a stock-for-stock transaction to form a publicly traded corporation, WhiteHawk Minerals Corporation.

Key Points: 
  • An affiliate of WhiteHawk Energy, LLC (“WhiteHawk”), an independent energy minerals and royalties company, today sent a letter to Mark Behrman, the Chairman of PHX Minerals, Inc.’s (“PHX”) board of directors, copied in full below, with respect to its proposal to combine with PHX in a stock-for-stock transaction to form a publicly traded corporation, WhiteHawk Minerals Corporation.
  • WhiteHawk is disclosing the contents of its letter in order to inform PHX stockholders of the potential opportunity to combine the two companies.
  • We are once again writing to reiterate an affiliate of WhiteHawk Energy, LLC’s (“WhiteHawk”) proposal to acquire PHX Minerals, Inc. (“PHX”) common stock in a stock-for-stock transaction to form a publicly traded corporation, WhiteHawk Minerals Corporation (“WhiteHawk Minerals”), pursuant to which PHX stockholders would own approximately 61%2 of the pro forma equity of WhiteHawk Minerals and would receive a one-time $0.20 per share cash dividend (the “Proposal”).
  • We strongly prefer to engage in direct and constructive discussions to reach an agreement for the benefit of PHX.

WhiteHawk Energy Announces $100 Million Acquisition Finance Facility With Top Tier Institution to Accelerate Its Acqusition of Core Natural Gas Mineral and Royalty Assets

Retrieved on: 
Monday, August 7, 2023
Energy, Natural Resources, Mining, Minerals, Oil, Gas, Partnership, Institution, Range Resources, CNX Resources, Marcellus Formation, Chesapeake Energy, EQT, Whitehawk, Acquisition, Haynesville, Haynesville Shale, Southwestern Energy

WhiteHawk Energy, LLC (“WhiteHawk” or the “Company”) announced today entrance into a $100.0 million acquisition finance facility (the "Acquisition Facility") with a top tier institution (“Institution”).

Key Points: 
  • WhiteHawk Energy, LLC (“WhiteHawk” or the “Company”) announced today entrance into a $100.0 million acquisition finance facility (the "Acquisition Facility") with a top tier institution (“Institution”).
  • The Acquisition Facility will mature on December 31, 2025 and contains certain co-investment rights for the Institution.
  • “This is an exciting day for WhiteHawk, as we take our next big step towards being the leading natural gas mineral and royalty company in the United States.
  • There is a significant opportunity to continue to acquire natural gas mineral and royalty assets delivering consistent and growing cash flow in core basins developed by top-tier operators.

Railroad Commission of Texas Approves Trinity Gas Storage Project, Boosting Energy Infrastructure and Ensuring Reliable Natural Gas Supply in East Texas

Retrieved on: 
Wednesday, August 2, 2023
Haynesville Shale, Marketing, TEP, DFW, Texas Historical Commission, Railroad Commission of Texas, Eilers, Natural gas, Growth, Public utility, ERCOT, LNG

DALLAS, Aug. 2, 2023 /PRNewswire/ -- The Railroad Commission of Texas has granted approval for the Trinity Gas Storage natural gas storage project ("Trinity"), a critical component in the effort to enhance energy infrastructure and security in Texas.

Key Points: 
  • DALLAS, Aug. 2, 2023 /PRNewswire/ -- The Railroad Commission of Texas has granted approval for the Trinity Gas Storage natural gas storage project ("Trinity"), a critical component in the effort to enhance energy infrastructure and security in Texas.
  • "Receiving approval from the Railroad Commission of Texas is a watershed moment for the Trinity Gas Storage project," said Matt Hurley, Chief Commercial Officer.
  • "The Trinity Gas Storage project is of the utmost importance in balancing the operational needs of ERCOT (the Texas grid) and supporting natural gas infrastructure," emphasized Pat Eilers, Founder and Managing Partner of TEP.
  • Trinity Gas Storage is a flagship project, symbolizing the commitment to reliability and sustainability of energy for the citizens of Texas.

Verde Bio Holdings Provides Fiscal Year End Corporate Update

Retrieved on: 
Wednesday, August 2, 2023
Petro, State, Friends, Natural gas, EOG, Tax, Anadarko, Sale, Acquisition, Corporation, OTC, FINRA, Growth, Marketing, Oil, Bank, Haynesville Shale, Civitas

FRISCO, TX, Aug. 02, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – Verde Bio Holdings, Inc. (OTC: VBHI), a growing oil and gas company, today issued its fiscal year end shareholder update.

Key Points: 
  • FRISCO, TX, Aug. 02, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – Verde Bio Holdings, Inc. (OTC: VBHI), a growing oil and gas company, today issued its fiscal year end shareholder update.
  • We at Verde continue to execute our strategy and are pleased to provide a corporate update along with our 10-K filing with the highlights of the past year and what is in store for the future.
  • We continue to be very bullish on oil and gas and the future of Verde as a growing and profitable company.
  • On a Corporate note, the Company is still working with FINRA to approve our application for name change and reverse split.

Energy Transfer Reports Strong Fourth Quarter 2022 Results and Announces 2023 Outlook

Retrieved on: 
Wednesday, February 15, 2023
Oil, Gas, Natural Resources, Energy, Mining, Minerals, Other Energy, Transfer, Permian, Public expenditure, Haynesville Shale, Wolf, Interstate Highway System, Natural gas, Strategic Petroleum Reserve (United States), Master limited partnership, USAC, Transport, Delaware Basin, Corporation, NYSE, Gulf Coast of the United States, Acquisition, Maintenance, NGL, Carbon, EBITDA, Sunoco, Corporate social responsibility, Energy Transfer Partners, SUN, Partnership, Risk management, Enabling, Borrowing base, Bear, Propane, Cryptocurrency, Petroleum, Video game, David Sherman, LP

Energy Transfer LP (NYSE:ET) (“Energy Transfer” or the “Partnership”) today reported financial results for the quarter and year ended December 31, 2022.

Key Points: 
  • Energy Transfer LP (NYSE:ET) (“Energy Transfer” or the “Partnership”) today reported financial results for the quarter and year ended December 31, 2022.
  • Energy Transfer expects its 2023 Adjusted EBITDA to range between $12.9 billion and $13.3 billion.
  • During the fourth quarter of 2022, Energy Transfer’s assets continued to reach new milestones, with volumes increasing across all segments compared to the same period last year.
  • In January 2023, Energy Transfer announced a quarterly cash distribution of $0.305 per common unit ($1.22 annualized) for the quarter ended December 31, 2022.

Aethon Energy Expands Executive Leadership Team

Retrieved on: 
Wednesday, February 1, 2023
Finance, Oil, Gas, Energy, Professional Services, Utilities, Haynesville Shale, Natural gas, Safety, Management, Aethon

Aethon Energy Operating LLC (“Aethon”) announced the appointment of Lola Oyewole as Chief Human Resources Officer, and Aaron Wimberly as Chief Health, Safety and Environmental Officer, effective immediately.

Key Points: 
  • Aethon Energy Operating LLC (“Aethon”) announced the appointment of Lola Oyewole as Chief Human Resources Officer, and Aaron Wimberly as Chief Health, Safety and Environmental Officer, effective immediately.
  • Clayton McGratty was also promoted to Chief Administrative Officer from his previous role as Chief Communications Officer.
  • “I am pleased to welcome Lola and Aaron to the Aethon team, who exemplify the very best in their areas of expertise, and to recognize Clayton for his significant contributions since joining Aethon in 2021,” said Albert Huddleston, Chief Executive Officer and Partner at Aethon.
  • “As we continue to grow our platform and expand our leading footprint in the Haynesville Shale, we will benefit from the perspective, vision and results-oriented approach of our enhanced executive team.”

Verde Bio Holdings Announces New Drilling Occurring on its Properties

Retrieved on: 
Thursday, February 9, 2023
Permian, Ovintiv, Corporation, Acquisition, Reverse stock split, OTCQB, SEM, 10-Q, LNG, Growth, Oil, Haynesville Shale

Recently, the company has received notice of over 8 new wells being brought online on its oil and gas properties.

Key Points: 
  • Recently, the company has received notice of over 8 new wells being brought online on its oil and gas properties.
  • The main areas of continued new development are on the company’s Permian Basin, Haynesville shale properties which allows a solid mix of oil and gas new development.
  • A well being brought online indicates a new producing well and a permit indicates an intention to drill.
  • With the addition of these wells, the company now has over 500 producing wells in its portfolio.

WhiteHawk Energy Announces Agreement to Acquire Core Haynesville Shale Natural Gas Mineral and Royalty Assets for up to $105 Million

Retrieved on: 
Tuesday, January 17, 2023
Oil, Gas, Natural Resources, Alternative Energy, Energy, Mining, Minerals, Heat, Haynesville, Marcellus Formation, Haynesville Shale, Whitehawk, Chesapeake Energy, Acquisition, Electricity, Southwestern Energy

WhiteHawk Energy, LLC (“WhiteHawk” or the “Company”) announced today a definitive agreement (“Haynesville Agreement”) to acquire up to $105 million of natural gas mineral and royalty assets primarily located in northwestern Louisiana (“Haynesville Royalties”).

Key Points: 
  • WhiteHawk Energy, LLC (“WhiteHawk” or the “Company”) announced today a definitive agreement (“Haynesville Agreement”) to acquire up to $105 million of natural gas mineral and royalty assets primarily located in northwestern Louisiana (“Haynesville Royalties”).
  • The Haynesville Royalties are being actively developed by best-in-class natural gas operators Southwestern Energy, Chesapeake Energy, Aethon Energy Management and Comstock Resources.
  • WhiteHawk management expects the Haynesville Royalties to be a strong compliment to the Company’s existing high-quality natural gas mineral and royalty assets.
  • During 2022, WhiteHawk acquired natural gas mineral and royalty assets covering 475,000 gross unit acres in the core of the Marcellus Shale focused in Greene and Washington Counties, Pennsylvania.