Noble gets a subpar price for some of its interest offshore Cyprus, including the Aphrodite natural gas discovery, while new regulations force the sale of offshore Israel licenses.
Having received shareholder approval for American Energy Partners’s US$130 million farm‐out in Australia, the Oklahoma City-based company's proportional bid for 13.62% of each Armour share priced at 25 cents will now proceed.
Crestwood also said Oct. 28 it has launched an open season for shipper support of the Delaware Takeaway (Delta) crude pipeline system.
Devon and Sumitomo are selling Permian Basin acreage piecemeal after a joint venture fell through in 2014 and left a deep hole in Sumitomo’s balance sheet.
Rice and Gulfport team up to build Utica midstream assets in the dry gas core of the Utica, but Rice faces an estimated $424 million spending deficit in 2016.
The JV significantly increases Rice's leading midstream position in the core of the Utica Shale.
Sanchez intends to invest about $115 million and receive a 50% ownership interest in the plant and pipelines, which will be located near its Catarina asset in the Eagle Ford.
Torchlight Energy Resources Inc. (TRCH) said Sept. 29 it has entered into a $50 million joint venture (JV) to develop its Orogrande Project mainly in the Texas Permian Basin.
As part of the JV, Founders Oil and Gas LLC will buy 50% working interest in the project for $45 million in developmental capital to be deployed during the next two years.
After reaching the total agreed expenditure, Torchlight and Founders plan to fund future development costs equally on a "heads up" AFE basis.
Featuring exclusive video with Torchlight COO Will McAndrews III.
Wexpro, Questar's subsidiary, said it expects to spend $60- to $70 million on an 80-well drilling program targeting the Mesaverde Formation.
Noble’s Freeman talks about $4 billion deal with Rosetta that added the Eagle Ford and Delaware to the buyer’s portfolio.
Energy Information Administration estimates Mexico has more than 60 billion barrels of shale resources. This would provide more than 35 years of Mexican oil supply at current U.S. production levels.
Witnesses said a car bomb caused severe damage to first floor of headquarters of Mellitah, an oil and gas joint venture between Italy's Eni and Libya’s state-owned NOC, Reuters reported.