Sunday, September 6, 2026

WaterBridge Secures $200 Million, Staffs Up

WaterBridge Resources LLC announced today that its subsidiary WaterBridge Operating LLC has entered a $200 revolving credit facility led by SunTrust Bank. This will further add to the $500 million acquired from Five Point Energy LLC, bringing WaterBridge Resources committed capital total to $700 million. This will be used for further growth in expansion in several domestic basins. The closing

Putin, Russia

Russia, Saudi Arabia agree OPEC+ format should be extended

From Reuters Russia and Saudi Arabia have a general consensus that the OPEC+ format should be “institutionalized” and extended until 2019 and beyond for oil market monitoring and joint action in case of need, Russia’s energy ministry said in a statement on Friday. Citing Russian Minister Alexander Novak, the ministry added that the two major oil producers planned to sign

SandRidge approached by 17 suitors, Icahn says not to bid soon

From Reuters SandRidge Energy Inc (SD.N) said on Friday it had been approached by 17 potential bidders for a buyout, including billionaire Carl Icahn who is fighting for control of the oil and gas producer’s board. The activist investor, however, said in response he had no plans to make a bid soon, adding that any bid would depend on the

Strath Acquires $340 Million of Paramount’s Assets

Strath Resources Ltd. (“Strath”) is pleased to announce that it has reached an agreement with Paramount Resources Ltd. (“Paramount”) for the acquisition of Paramount’s assets in the Resthaven/Jayar area of the Kakwa region for total consideration of $340 million. Acquisition Highlights 201 sections of land (152 net) with multi-zone potential, including 77 sections of Montney rights (75 net) 62 mmcf/d