Acquisitions Divestitures


NAPE: Chevron Looks To Make Deals In Permian

The company has identified up to 200,000 acres in the Midland and Delaware sub-basins for transactions in 2017-2018.

August 18, 2017

Exco’s $300 Million Eagle Ford Deal Unravels

The company appears to be financially challenged after a prolonged slump in oil prices.

August 17, 2017

Stack Behemoth: Silver Run, Alta Mesa, Kingfisher Form $3.8 Billion Pure Play

With 120,000 net acres and an estimated 4,200 locations, the new company also meshes with Kingfisher Midstream to offer a potential spinoff IPO for development cash.

August 17, 2017

EnerCom: WPX Markets San Juan Basin; Gears Up To Storm Delaware Basin

WPX has added midstream JVs, sand contracts and acquired 18,000 Permian acres while working out the complexity of its Delaware Basin acreage.

August 16, 2017

A&D - E&P

Highlands Natural Resources Drills, Cases Two Wells In Niobrara

London-based Highlands Natural Resources has successfully drilled and set surface casing in two east Denver Niobrara wells, the company said on Aug. 18.

August 21, 2017

Newly Backed: Delaware Basin, Eagle Ford, Arkoma E&P Start-Ups

Private equity-backed Chisholm, Boomtown Oil and Antioch Energy are focused on the northern Delaware Basin, Eagle Ford and the Arkoma Basin. Here are their assets and their plans.

August 21, 2017

Sacgasco Confirms Four Gas Zones In Sacramento Basin Well

Sacgasco Ltd., a Sacramento Basin-focused natural gas developer and producer, said that the field appraisal drilling component of the company’s Dempsey 1-15 well in California has been successfully completed on Aug.21.

August 21, 2017

Oil Minister: Foreign Funds For Iran's Oil Sector A Top Priority

Attracting foreign investment for Iran’s oil sector will continue to be a top priority during President Hassan Rouhani’s second term, Iranian Oil Minister Bijan Zanganeh said on Aug. 20.

August 21, 2017


How Will Future Of Mobility Affect Oil, Gas?

Electric vehicles (EV), autonomous vehicles and ride-sharing have played key roles in reshaping the plans of oil and gas companies, according to speakers on Deloitte’s recent “The Future of Mobility” webinar.

9:54 am

NAPE: Oil, Gas Industry Weathering Climate Change Storm

Steve Goreham, Climate Science Coalition, encouraged the industry to push back against its climate change persona at Summer NAPE expo.

August 17, 2017

EIA: US Crude Stockpiles Fall The Most In Nearly A Year

Including emergency reserves, crude stocks were at 1.15 billion barrels, the lowest levels since October 2015, according to EIA data.

August 16, 2017

Oil Prices Edge Up On Reported Falling US Crude Stocks

If the API data on falling U.S. crude inventories is confirmed later on Aug. 16 it would represent a seventh consecutive week of a decline in stocks.

August 16, 2017

Joint Ventures

Microsoft, Halliburton Partner To Digitally Transform Energy Industry

The relationship will combine the expertise of Microsoft in cloud and digital transformation with Halliburton's E&P science, software and services technology.

8:45 am

Nigeria’s State Oil Company Agrees To $700 Million Joint Venture

NNPC said it had a tripartite agreement with local Nigerian energy firm and international oil services company Schlumberger to develop the Anyala and Madu fields.

June 30, 2017

How To Make Your JV ‘Marriage’ Work

Like in a marriage, partners in an energy JV must plan ahead, communicate and develop trust.

June 28, 2017

Schlumberger Forms JV To Develop Production Optimization System

Schlumberger formed a JV with HEAL Systems, formerly Production Plus Energy Services, to develop the company's production optimization technology and business in the U.S. and Canada.

June 20, 2017

Mergers & Acquisitions

Total Boosts North Sea Business With $7.5 Billion Maersk Oil Acquisition

Total has been betting on new rather than mature fields in the North Sea and the acquisition of Maersk Oil gives it further economies of scale.

August 21, 2017

Oilfield Services Sector Continues Consolidation With Nabors-Tesco Merger

Nabors’ roughly $216 million acquisition of Tesco is ‘rare win-win in oil patch consolidation,’ analyst says.

August 15, 2017

Andeavor Unit To Buy Western Refining Logistics In $1.5 Billion Merger

Andeavor Logistics also said it would issue 78 million of its units to parent Andeavor in exchange for the cancellation of its incentive distribution rights.

August 14, 2017

Mainline Midstream Announces Acquisition In Oklahoma

More than 1,000 miles of pipeline purchased in Scoop, Stack, Merger play.

August 11, 2017


Energy Transfer Accuses Greenpeace Of ‘Eco-terrorism’ in DAPL Suit

Dakota Access Pipeline operator sues Greenpeace, other environmental groups, charging ‘eco-terrorism.’

2:57 pm

Court Ruling Could Broaden FERC Environmental Impact Studies

Appeals court rules that FERC must assess greenhouse gas impact before approving pipelines.

2:17 pm

US Shale Output Adds Pressure To Canadian Gas Producers

Canadian gas production could fall by half as U.S. shale output cuts into need for imports.

6:18 am

Lithuania Receives First LNG Shipment From US

US LNG cargo signals closer relations between Lithuania and Washington.

August 21, 2017

Service & Supply

Russian Watchdog Says Schlumberger-Eurasia Drilling Deal ‘Has Big Problems’

The acquisition of a 51% stake in Russia's Eurasia Drilling Co (EDC) by U.S. oilfield services giant Schlumberger "has big problems" in the current political situation, the head of Russia's competition watchdog said on Aug. 16.

August 17, 2017

Pullback In US Fracking Sand Use Pressures Producers

Investors worry a slowdown in sand use, combined with new mining capacity coming online, could lead to a glut of the material and bring down prices. The worries have pressured shares of sand companies.

August 16, 2017

Transocean To Buy Norwegian Rig Firm Songa Offshore For $1.1 Billion

The deal, which would be mostly paid for in shares and convertible bonds, would strengthen Transocean's position in offshore drilling as Songa is Statoil's largest drilling service provider.

August 15, 2017

Halliburton To Pay $29.2 Million Settlement Over US Charges Tied To Angola

Halliburton will pay $29.2 million to settle civil charges it violated federal anti-bribery rules related to books, record-keeping and internal accounting controls while doing business in Angola.

July 28, 2017