Acquisitions & Divestitures - Joint Ventures

Qatar Considers Joining Exxon To Buy Stake In Eni's Mozambique Gas Area

Located in Mozambique's Rovuma Basin, Eni's Area 4 is one of the biggest recent discoveries, holding about 85 trillion cubic feet of gas, Reuters reported.


Lucas Energy Lands Deal To Fund Eagle Ford Shale Development

Lucas will initially participate in the Cyclone #9H and #10H wells on Lonestar's Harvey Johnson lease in southern Gonzales County in South Texas.


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.


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.


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.


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.


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.


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.


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.


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.


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.


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.