Topeka Capital List of 7 O&G Takeover Targets Includes 3 in NE
Investment firm Topeka Capital Markets recently issued a report (for their clients) of the “most likely” companies in the oil and gas space that will be takeover targets, presumably this year. Unfortunately we don’t have a copy of the report, but we do have a list of the names they say are likely targets. The list has seven companies on it–three of which are focused on the Marcellus/Utica. Two of them are some of the biggest in the Marcellus/Utica. One of them has our eyes popping out, frankly with disbelief…
Read More “Topeka Capital List of 7 O&G Takeover Targets Includes 3 in NE”

Here’s one weird and twisted bedtime story: Once upon a time there was a filthy Big Tobacco company. Big Tobacco hooked up with a wealthy (and equally filthy) Big Oil company and they had a baby. And the baby was…….solar panels?? Yep. Philip Morris, one of the largest cigarette manufacturers in the world has contracted with Dominion, one of the biggest utility/midstream companies in the Marcellus/Utica region, to install 8,000 solar panels at the Philip Morris facility in Chesterfield County, VA so they can make more cigs. It will be the largest solar installation to date in the state of Virginia. The only problem here is that the “bad guys” (Big Tobacco and Big Oil) are the heroes by installing solar instead of using natural gas. This is a real dilemma for the anti-drilling/anti-pipeline gang in the Old Dominion State. It may cause a brain hemorrhage…
Yesterday some 120 new rules that govern oil and gas drilling in North Carolina–including a rule that lifts the moratorium on fracking shale deposits–went into effect. In just a couple of years NC was able to do what so far New York hasn’t been able to do in nearly seven years–it became the 34th state to allow shale drilling. While all shale layers are now open for business, the initial flurry of interest seems to be centered in the center of the state in Lee, Moore and Chatham counties. Popularly its called the Triassic Basin, although technically it’s part of a broader area called the Deep River Basin. Within the Triassic is a sub-basin called the Sanford, and it’s there that two companies are already “aggressively” leasing in the area…