Ray, Feighny & Hartle PLLC

Major move in the D-J Basin! Occidental Petroleum divests 250,000 net royalty acres to Elk Range Royalties for $905 million as part of its debt reduction strategy following the CrownRock acquisition. This deal highlights the continued activity and value in key US basins. Elk Range, backed by NGP Energy Capital Management, is expanding its footprint and capitalizing on the strong operator economics in the region. https://lnkd.in/g6gMtXJq

Acquisition Alert! Partners Group Acquires CA Gas Power Plants Partners Group has purchased 11 natural gas-fired power plants in California from Avenue Capital Group for $2.2 billion. This deal highlights the ongoing need for reliable gas power, particularly with increased demand from AI data centers. The plants, including battery storage, support grid stability and have secured long-term utility contracts. A strategic move in the evolving energy landscape. https://lnkd.in/gdR-E8ce

Major move in the energy sector! Citadel has acquired Paloma Natural Gas, a Haynesville Shale E&P, for $1.2 billion. This acquisition highlights the growing demand for natural gas driven by LNG exports, AI data centers, and power generation. With natural gas prices on the rise and Citadel's strong commodities performance, this deal signals a strategic play in the evolving energy landscape. https://lnkd.in/gVbqznzG

RFH is proud to have our very own Lance Joiner speaking at the AAPL Annual Meeting!

Exciting collaboration in the energy sector! Diversified Energy, FuelCell Energy, and TESIAC are forming an Acquisition and Development Company to power data centers using coal mine methane and natural gas. This innovative partnership aims to provide reliable, sustainable, and scalable power solutions, creating jobs and economic benefits in Appalachia. Key highlights: on-site power generation, carbon-optimized technology, and a disruptive financing model. https://lnkd.in/gkTy5UdN

Ring Energy is expanding its Permian Basin footprint with a $100M bolt on of Lime Rock Resources IV LP's assets. This strategic move adds 17,700 net acres and 2,300 boe/d production, solidifying Ring's core Shafter Lake operations. https://lnkd.in/gvMDZGkU

China's Proposed Export Controls on Lithium Processing Tech Sends Ripples Through Industry A Chinese company has halted exports of key equipment used in lithium processing, signaling that proposed export controls by Beijing are already impacting the electric vehicle (EV) battery supply chain. This move highlights China's growing willingness to leverage its dominance in critical mineral processing amid escalating trade tensions with the West. The export restrictions, if implemented, could disrupt Western automakers and lithium producers who rely on Chinese technology. Some experts believe this could accelerate efforts to establish alternative supply chains and reduce dependence on China for critical minerals. https://lnkd.in/dK5JvQFe

ConocoPhillips is selling its interests in the Ursa and Europa Fields, along with the Ursa Oil Pipeline, to Shell for $735 million.This move, which includes an overriding royalty interest in the Ursa Field, is part of a strategy to divest non-core assets and strengthen its portfolio.The sale, expected to close by the end of Q2 2025, will contribute towards their $2 billion disposition target. https://lnkd.in/g798DPmC

Big news in the Permian Basin! Diamondback Energy is acquiring Double Eagle IV for approximately 6.9 million shares and $3 billion in cash. This strategic move adds ~40,000 net acres and ~27,000 bbl/d of production to Diamondback's portfolio, solidifying their position in the Midland Basin. The deal includes 407 drilling locations with significant lateral length potential. Diamondback CEO Travis Stice calls Double Eagle "the most attractive asset remaining in the Midland Basin," citing synergies and inventory enhancement. This follows Diamondback's recent $26B acquisition of Endeavor Energy Resources, and they've committed to $1.5B in non-core asset divestitures. The Double Eagle acquisition is expected to close April 1st. Congratulations to Diamondback Energy! https://lnkd.in/gZ8MXUWn

This Presidents’ Day, RFH takes a moment to reflect on the leadership and vision that have shaped our nation. We hope that you have a restful and introspective day.