Acquisitions & Divestitures - Joint Ventures

JV Agreements For Sandpiper Pipeline Are Scrapped

With oil hovering near $40/bbl and narrow pricing differentials between regions, concerns about overcapacity are hitting midstream operators in numerous parts of the country, Reuters reported.

Erin Pedigo
2016/08/04

STACK Pipeline LLC Formed For Transporting Oklahoma Oil

Phillips 66 Partners contributed $50 million cash, which will be distributed to Plains, in exchange for a 50% interest in the JV.

Erin Pedigo
2016/08/04

EnLink Midstream, NGP Form JV To Expand Delaware Basin Business

A subsidiary of the Dallas company, EnLink Midstream LLC, entered an approximately $800 million JV agreement with a NGP affilate to operate and expand EnLink's natural gas, NGL and crude oil midstream assets in the Delaware.

Emily Moser
2016/08/02

Kinder Morgan, Southern Form Natural-Gas Pipeline JV

Under the JV agreement, Southern will acquire a 50% equity interest in the SNG pipeline system from Kinder Morgan. The value of the stake in SNG is about $1.47 billion.

Emily Moser
2016/07/11

Rex Energy's Appalachia JV Receives $50 Million Boost

Benefit Street Partners, Rex's partner in the Moraine East JV, has elected into the next 12 wells,  increasing the total capital commitment to $98.1 million from $51.6 million.

Emily Moser
2016/06/21

National Fuel Extends Marcellus Shale JV With IOG Capital

The agreement, between National Fuel's wholly owned E&P subsidiary, Seneca Resources Corp., and an affiliate of IOG Capital, includes the development of 75 total Marcellus wells located in the Clermont/Rich Valley area in Pennsylvania.

Emily Moser
2016/06/13

Wood Group Mustang, Grupo Diavaz Create JV Engineering Business In Mexico

Luis Vazquez, chairman and CEO of Grupo Diavaz, said that the JV company will have predictable project delivery and will adhere to industry-recognized safety standards.

Erin Pedigo
2016/06/09

Europa Oil & Gas Signs Farm-out For Weald Basin Interest

Under the farm-out, UJO will acquire a 7.5% working interest in PEDL143 from Europa, paying 15% of the costs to drill the exploration well at Holmwood.

Erin Pedigo
2016/05/23

Keppel Will Enter JV For Offshore Russia Oil, Gas Operations

Keppel O&M and Rosneft will have shares of 45% each in the JV, while MHWirth will hold 10% while adhering to existing U.S. and EU sanctions imposed on Russia’s offshore sector, Reuters reported.

Erin Pedigo
2016/05/20

Athabasca Closes Canada Light Oil JV With Murphy Oil

Athabasca has appraised and developed its significant Duvernay and Montney land position in Greater Kaybob and Placid, drilling 26 Duvernay wells at Greater Kaybob and five Montney wells at Placid.

Erin Pedigo
2016/05/16

Murphy Oil To Exit Syncrude JV, Sells Interest To Suncor

Syncrude is a JV operation in the Alberta Sedimentary Basin, which extracts bitumen from oil sands and upgrades it to light synthetic crude oil. Production averaged 15,600 boe/d (net) in the first quarter of 2016.

Emily Moser
2016/04/28

Callon Petroleum Adds Midland Basin Acreage, Establishes New Core

Callon has entered transactions to boost its position in the Midland Basin to about 34,000 net surface acres, including a new core operating area in one of the basin’s hot spots.

Emily Moser
2016/04/21

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