This week is truly we're back in our O&G IPO Era. BKV (Barnett) and Peak Resources (Powder River) both announced plans for an IPO this week. Who had a Powder and Barnett company IPO'ing on their bingo card?? In the mineral space, Dorchester Minerals made a splash with a chunky $215mm deal for Permian and DJ minerals. Finally, there was an interesting article from the NYT about the REAL political issue in the swing state of Pennsylvania - its not fracking... its low natty gas prices. Let's see if we can get Trump/Harris promising to pump northeastern gas prices as a key part of their political platform (lol)! Let's drill down.

Daily Headlines

• Big Energy Issue in Pennsylvania Is Low Natural Gas Prices. Not Fracking New York Times.

• Gulf of Mexico oil and gas production nears full restoration post-hurricane Rigzone.

• Chevron’s Wirth: Biden Admin Needs to Embrace, not Attack Natgas Hartenergy.

• Hunt Oil exits Peru LNG venture, focusing on core assets Bizjournals.

• Geothermal repurposing of oil and gas sites in North Sea EnergyVoice.

Deal Flow

M&A/Investment

• Dorchester Inks $215mm Deals for Midland, Delaware and D-J Basin Interests Hartenergy.

• Apollo to Buy $1B Stake in BP's Trans Adriatic Pipeline Hartenergy.

• Suriname to finance $1.8B offshore investment in Block 58 pending FID by APA and TotalEnergies World Oil.

IPO/Direct Listing/Issuances/Block Trades

• Barnett Shale's BKV to Launch Delayed IPO of Natgas-focused E&P Hartenergy.

• Jack Vaughn-Led Peak Resources Files for Powder River Basin IPO Hartenergy.

Debt

• Altagas prices $900M junior notes offer after Tidewater deal Hart Energy.

Only the Finest, Refined Memes:

Meme of the Day: #3

Meme of the Day: #2

Meme of the Day: #1