Company Overview - WaterBridge Infrastructure LLC is a leading integrated, pure-play water infrastructure company primarily operating in the Delaware Basin, which is the most prolific oil and natural gas basin in North America [4] - The company also has assets in the Eagle Ford and Arkoma Basins, operating the largest produced water infrastructure network in the United States [4] - As of August 31, 2025, WaterBridge's infrastructure network included approximately 2,500 miles of pipelines and 197 produced water handling facilities, managing over 2.6 million barrels per day (bpd) of produced water with a total handling capacity exceeding 4.5 million bpd [4] Financial Events - WaterBridge will release its financial results for the third quarter of 2025 after market close on November 12, 2025, followed by a conference call on November 13, 2025, at 10:30 a.m. Central Time [1] - The company has announced a pricing of an upsized offering of $1,425 million in senior notes, which includes $825 million of 6.25% senior unsecured notes due 2030 and $600 million of 6.50% senior unsecured notes due 2033 [7] - WaterBridge intends to use the net proceeds from the offering of the notes, along with cash on hand, to repay all outstanding borrowings under its credit facility [8]

Core Viewpoint - Kolibri Global Energy Inc. urges shareholders to vote against a proposed resolution that seeks to limit the number of common shares the company can issue, arguing it would negatively impact shareholder value and the company's growth potential [2][4][11]. Company Overview - Kolibri Global Energy Inc. is a North American energy company focused on oil and gas projects, operating various subsidiaries in the United States [9]. Shareholder Meeting Details - A special meeting of shareholders is scheduled for November 25, 2025, to vote on the proposed resolution to cap the number of authorized common shares at 37,367,894 [1]. - The proxy voting deadline is set for November 21, 2025, at 9:00 a.m. Pacific Time [3][6]. Board's Recommendation - The Board of Directors unanimously recommends that shareholders vote against the proposed resolution, stating it would be detrimental to shareholders and not in the company's best interests [2][3][4]. Implications of the Proposed Resolution - The proposed share limit would restrict the Board's ability to issue shares as needed, potentially hindering strategic growth opportunities and negatively affecting the company's competitive position [4][11]. - Any future increase in authorized share capital would require a shareholder meeting, leading to unnecessary costs and delays [11]. Voting Instructions - Shareholders are encouraged to vote online or by telephone due to ongoing postal service disruptions in Canada [7][12]. - Assistance for voting can be obtained by contacting Barbara Fox at the provided contact details [8].

Core Viewpoint - Imperial Oil Limited will host its 2025 Third Quarter Earnings Call on October 31, 2025, at 9 a.m. MT, following the release of its third quarter earnings that morning [1][2]. Earnings Call Details - John Whelan, chairman, president, and CEO, will provide brief remarks before addressing questions from analysts [2]. - The earnings call will be accessible via a live webcast, which will also be available for one year on the company's investor relations website [2]. Company Overview - Imperial Oil is recognized as Canada's largest petroleum refiner and a major crude oil producer, committed to high standards in technology and innovation for responsible energy resource development [3]. - The company has a long-standing history of growth and financial stability in Canada, focusing on increasing cash flow and delivering industry-leading shareholder returns [5][7]. Dividend Announcement - Imperial declared a quarterly dividend of 72 cents per share for the third quarter of 2025, payable on October 1, 2025, to shareholders of record as of September 4, 2025 [7]. - This dividend remains unchanged from the second quarter of 2025, indicating consistent shareholder returns [7]. Board of Directors Update - The company announced the appointment of Tanya Bryja to its board of directors, effective September 16, 2025 [6].

Core Insights - Tamboran Resources Corporation has successfully completed the largest drilling program in the Beetaloo Basin, which included batch drilling of three wells at the Shenandoah South 2 well pad, crucial for supplying gas to the Northern Territory network under a long-term Gas Sales Agreement with the Northern Territory Government, with first gas sales expected by mid-2026 [2][6][20] Drilling Program Details - The drilling program involved the Shenandoah South -4H (SS-4H), -5H, and -6H wells, each with a target lateral length of 10,000 feet, completed with an average spud-to-total depth (TD) time of 26.7 days, and drilling and casing time within the forecast of 35 days [3][6] - The program utilized modern US drilling technologies, including Baker Hughes' anti-vibration drilling technology, resulting in record performance, with the fastest horizontal section drilled in the Mid Velkerri B Shale reaching over 1,100 meters (3,603 feet) in a single day [3][6] Future Plans - The SS-4H well is scheduled for stimulation in the fourth quarter of 2025, with the remaining two wells and the reinforced SS-3H well to be stimulated in the first half of 2026 [4][6] - A 60-stage stimulation program is planned for the SS-4H well, with a 30-day flow test anticipated before being shut-in for future gas sales [4][6] Company Overview - Tamboran Resources is the largest acreage holder and operator in the Beetaloo Sub-basin, with approximately 1.9 million net prospective acres [7][8] - The company has secured around 420 acres (170 hectares) at the Middle Arm Sustainable Development Precinct in Darwin for its proposed NTLNG project [9]

Core Viewpoint - Sable Offshore Corp. is currently involved in litigation with the California Coastal Commission, with a tentative ruling indicating the denial of Sable's claims against the Commission, which the company intends to appeal [1][2][3]. Legal Proceedings - The Santa Barbara Superior Court's tentative ruling, released on October 14, 2025, suggests that Sable's claims will be denied, but this ruling will not affect the resumption of petroleum transportation through the Las Flores Pipeline System [1]. - Sable is pursuing damages exceeding approximately $347 million due to cease and desist orders issued during its anomaly repair program on the Las Flores Pipeline System [2]. Business Strategy - Despite the disappointing ruling, Sable's business strategy remains focused on resuming petroleum transportation through the Las Flores Pipeline System and selling production from the Santa Ynez Unit via an Offshore Storage & Treating Vessel (OS&T) [3]. - Sable emphasizes the importance of resuming operations to mitigate the economic impact on California's energy sector and to lower gasoline prices for residents [3]. Production and Operations - The anomaly repair program and hydrotesting of the Las Flores Pipeline System were completed in May 2025, in compliance with the Federal Consent Decree [2]. - Sable plans to continue pursuing the OS&T strategy, which was previously used from 1981 to 1994, to process production from the Santa Ynez Unit, which produced over 160 million barrels of oil equivalent during that period [3]. Company Overview - Sable Offshore Corp. is an independent oil and gas company based in Houston, Texas, focused on the responsible development of the Santa Ynez Unit in federal waters offshore California [4].

Core Insights - TotalEnergies has entered into a Farm-Down Agreement with CarbonVault, granting TotalEnergies E&P Denmark a 45% interest in the Bifrost Carbon Capture and Storage (CCS) Project, with CarbonVault holding 35% and Nordsøfonden 20% [1][10]. Project Overview - The Bifrost Project consists of two CO2 offshore storage licenses located approximately 200 kilometers west of the Danish coast and is part of TotalEnergies' North Sea CCS portfolio [2]. Partnership and Decarbonization Efforts - SCHWENK, the German cement producer, has selected the Bifrost Project as its preferred solution for future emissions storage, highlighting TotalEnergies' role in aiding customers' emissions reduction through its CCS capabilities [3]. - TotalEnergies aims to support the decarbonization of European businesses through various projects, including Bifrost, by implementing the best available technologies for carbon storage [5]. Strategic Importance - The Bifrost Project is considered a cornerstone of Denmark's ambition to establish a European hub for CO2 storage, emphasizing the project's significance in the broader context of carbon neutrality [4].

Core Viewpoint - Tamboran Resources Corporation is acquiring Falcon Oil & Gas Ltd. to consolidate their positions in the Beetaloo Basin, creating a leader with approximately 2.9 million net prospective acres and a pro forma market capitalization exceeding US$500 million [2][4][10]. Transaction Details - The acquisition involves Tamboran acquiring all subsidiaries of Falcon in exchange for 6,537,503 shares of Tamboran NYSE Common Stock and US$23.7 million in cash [4][7]. - Falcon shareholders will receive shares of Tamboran at an exchange ratio of 0.00687 shares for each Falcon Common Stock, resulting in Falcon shareholders owning approximately 26.8% of the combined entity [4][8]. - The transaction values Falcon's subsidiaries at C$239 million (US$172 million), reflecting a 19.7% premium over Falcon's closing price on September 29, 2025, and a 53.2% premium to the 90-day traded VWAP [4][10]. Strategic Implications - The acquisition is expected to enhance Tamboran's working interest in the Phase 2 Development Area to 80.62%, aligning further with Daly Waters Energy, LP across the entire EP 76, 98, and 117 acreage [3][4]. - The transaction is seen as a logical consolidation of two leading companies in the Beetaloo Basin, strengthening Tamboran's position in the region [2][4]. Approval and Timeline - The transaction has been unanimously approved by the Boards of Directors of both companies and is anticipated to close in the first quarter of 2026, pending shareholder approvals and other closing conditions [10][11]. - An indicative timeline for the transaction includes key dates such as the filing of the preliminary proxy statement with the SEC on October 30, 2025, and the expected closing date on February 1, 2026 [12][13].

Core Insights - Ares Management Corporation has acquired 100% equity interests in Meade Pipeline Co LLC for approximately $1.1 billion, enhancing its energy infrastructure portfolio [1][2][3] Group 1: Acquisition Details - The acquisition involves Meade Pipeline, which owns about 40% of the Central Penn Line, a 180-mile pipeline regulated by FERC that transports natural gas from the Marcellus and Utica Shale regions to various demand centers [2][3] - The Central Penn Line has a gross capacity of approximately 2.3 billion cubic feet per day (bcf/day) and began operations in 2018, with an expansion completed in 2022 [2] Group 2: Strategic Rationale - Ares Infrastructure Opportunities aims to invest in critical infrastructure that provides access to reliable and cost-competitive energy, with this acquisition diversifying its energy asset portfolio [3] - The investment is driven by increasing demand for power due to factors such as electrification, industrial activity, and rising LNG exports [4] Group 3: Financial Advisory - Morgan Stanley & Co. LLC and Wells Fargo acted as financial advisors to Ares in this transaction, while J.P. Morgan served as the financial advisor to XPLR Infrastructure [4]

Core Viewpoint - TotalEnergies is enhancing its natural gas production capabilities in the U.S. by acquiring a 49% interest in natural gas producing assets in the Anadarko Basin from Continental Resources, which will strengthen its LNG value chain integration [1][9]. Group 1: Acquisition Details - The acquisition involves low-cost and long-plateau natural gas assets that are well connected to Henry Hub through existing midstream infrastructure [1][9]. - The acquired assets have the potential to reach a gross production of approximately 350 million standard cubic feet per day (MMscfd) by 2030, sustaining this production level over the long term [2]. - TotalEnergies aims to secure a net gas production of around 150 MMscfd from these assets [2]. Group 2: Strategic Positioning - This acquisition complements previous acquisitions in the Eagle Ford Basin, specifically the Dorado and Constellation assets completed in 2024 [2]. - TotalEnergies operates a technical production of around 500 MMscfd in the Barnett, further enhancing its production capabilities [3]. Group 3: Company Ambitions - TotalEnergies is the world's third-largest LNG player with a global portfolio of 40 million tons per year (Mt/y) in 2024, benefiting from an integrated position across the LNG value chain [4]. - The company aims to increase the share of natural gas in its sales mix to nearly 50% by 2030, focusing on reducing carbon emissions and eliminating methane emissions associated with the gas value chain [4].

Core Viewpoint - Martin Midstream Partners L.P. has successfully amended and extended its revolving credit facility, which now matures in November 2026 and has a reduced borrowing capacity of $130 million, down from $150 million, with an accordion feature allowing for an additional $50 million [1][2]. Company Overview - Martin Midstream Partners L.P. is a publicly traded limited partnership based in Kilgore, Texas, primarily operating in the Gulf Coast region of the United States. Its main business lines include terminalling, processing, and storage services for petroleum products; transportation services for various products; sulfur processing; and marketing and distribution of natural gas liquids [3][6]. Financial Details - As of June 30, 2025, Martin Midstream Partners had $41 million outstanding under its credit facility [1]. - The Partnership reported an adjusted EBITDA of $27.1 million for the second quarter of 2025 and is reaffirming its full-year adjusted EBITDA guidance based on first-half performance [6].