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EnCap Fund XII
EnCap Investments Closes Fund XII at $5.25 Billion; On The Shelf: Strawn Wells an Independent Paradise or Graveyard?; Arkansas May Have Vast Lithium Reserves, Researchers Say; Corpus Christi now ranks third globally in oil export capacity.
Good morning. EnCap annoucned the close of $5.25B Fund XII. In the news Hart Energy had a good article about the Strawn play in WTX. NYT published about potential 'vast' lithium resource in Arkansas (as if Ark-La-Tex wasn't getting enough Li attention). And finally Port of Corpus Christi is now ranked 3rd globally in oil export capacity. Let's drill down!
Daily Headlines
On The Shelf: Strawn Wells an Independent Paradise or Graveyard? Hartenergy$$$
Arkansas May Have Vast Lithium Reserves, Researchers Say Nytimes
EU natural gas storage hits 95% ahead of winter demand. Oil & Gas 360
Corpus Christi now ranks third globally in oil export capacity. OilPrice
Geopolitical risks aren't moving oil prices despite escalations. OilPrice
Pipeline capacity for data centers rises amid energy demand. Financial Times$$$
Deal Flow
M&A/Investment
Elliott defends Citgo offer in the face of creditors' objections Reuters$$$
Nigeria approves the sale of Exxon’s onshore assets to Seplat. Bloomberg
Nigeria rejects Shell’s planned sale of $1.3bn onshore production unit Financial Times$$$
Fundraising
EnCap Investments Closes Fund XII at $5.25 Billion businesswire
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Only the Finest, Refined Memes:
Meme of the Day: #3
Meme of the Day: #2
You’re a 30-year industry veteran at a meeting with your PE sponsor and this associate starts asking why you aren’t drilling Barnett gas wells in Martin county. What’s the move?
— Garrett Golding (@gjgolding)
2:42 PM • Oct 21, 2024
Meme of the Day: #1
The geologist when you tell him we didn’t have any oil shows in that one 5’ channel sand he thought he saw from the raster log ran in 1937, 2 miles offset.
Not pictured: cargo pants, sandals with socks— Joel Dill (@_jdill23)
10:45 AM • Oct 21, 2024