Acquisitions & Divestitures

A&D - E&P

Analysts: Water Needs, Spend To Escalate

With operators drilling faster and employing longer laterals, completions now require triple the volumes of water per frack than five years ago, according to Bluefield Research.

2017/06/23

Lonestar Resources Posts 'Eye-Popping' Eastern Eagle Ford Update

Lonestar Resources provided impressive results from its Wildcat B #1H well located in Brazos County, Texas, in the eastern Eagle Ford Shale.

2017/06/22

Gulfport Energy Releases 'Encouraging' Scoop Well Results

Gulfport Energy on June 21 released 'encouraging' initial results from the Oklahoma City-based company's first operated Scoop wells from the Vinson pad.

2017/06/22

Tropical Storm Makes Landfall, Little Impact On Oil, Gas Production

Shell suspended some well operations and Anadarko Petroleum, ENI and Enbridge said they had evacuated non-essential personnel.

2017/06/22

Insight

US Drillers Add Oil Rigs For Record 23rd Week In A Row

Drillers added 11 oil rigs in the week to June 23, bringing the total count up to 758, the most since April 2015, energy services firm Baker Hughes Inc. (NYSE: BHI) said in its closely followed report.

2017/06/23

Oil Prices Edge Up, Still Set For Biggest First-Half Fall Since 1990s

Oil edged up on June 23, recovering from a 10-month low U.S. prices hit earlier this week, but crude remained on course for its biggest first-half decline in almost two decades.

2017/06/23

US Wants Answers In Qatar Dispute Threatening LNG Exports

Qatar shipments of oil and natural gas are being blockaded by its neighbors, which could shine a spotlight on the stability of U.S. and Australian LNG.

2017/06/22

EIA: US Crude, Gasoline Stocks Fell Last Week

U.S. crude and gasoline stockpiles fell last week, while distillate inventories rose, the Energy Information Administration said June 21.

2017/06/21

Joint Ventures

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.

2017/06/20

EP Energy, Tesoro Launch JV To Drill Uinta Basin Oil Wells

The deal provides capital for EP to drill the Altamont Field and secures an oil supply for Tesoro’s refinery in Salt Lake City.

2017/05/25

Crestwood, First Reserve JV To Expand Delaware Basin Processing Capacity With New Project

The JV has fully sanctioned the construction of the 200 MMcf/d plant near Orla, Texas, and related infrastructure required to connect the Willow Lake system to the plant and multiple third-party pipelines.

2017/05/24

EOG Resources, Carlyle Group’s JV Targets Oklahoma Marmaton

The $400 million JV, a drop in the capex bucket for EOG, will last four years but could draw out value over the long term.

2017/05/23

Mergers & Acquistions

Three Companies Merge To Create SolstadFarstad

The Skudeneshavn, Norway-headquartered company, which also has activity in the renewable energy sector, has a fleet of about 150 vessels. Currently, two well vessels and a harvest vessel are under construction.

2017/06/23

Rubicon Strengthens Downhole Completions Portfolio With Acquisition

Rubicon Oilfield International, backed by Warburg Pincus, acquired the assets, people and operating business of Calgary, Alberta-based World Oil Tools for an undisclosed amount.

2017/06/22

Empire Building: EQT Targets Balance After $8.2 Billion Rice Conquest

EQT’s CEO says a second phase is emerging in the shale natural gas revolution—one that disavows a growth-at-any-cost model.

2017/06/20

EQT, Rice Energy $8.2 Billion Merger Creates Northeast Gas Giant

The acquisition of Rice’s acreage and midstream business in the Marcellus and Utica is set to make EQT the largest producer of natural gas in the U.S.

2017/06/19

Midstream

Cheniere To Deliver First LNG Cargo To S. Korea’s KOGAS

Cheniere’s delivery of LNG in July to South Korea marks the beginning of a 20-year contract.

2017/06/23

India LNG Players Look To Capitalize On Qatari Turmoil

LNG companies in India seek to take advantage of Qatar’s isolation amid current low prices, Stratas Advisors says.

2017/06/23

Noble To Sell Delaware, D-J Midstream In $270 Million Dropdown

The midstream dropdown is expected to push Noble's divestiture proceeds year-to-date to more than $2 billion--well above the company's $1 billion goal, a RBC analyst says.

2017/06/22

Key North American Hub Prices: June 20, 2017

North American natural gas hub prices were mixed in Tuesday's trading.

2017/06/20

Service & Supply

Three Companies Merge To Create SolstadFarstad

The Skudeneshavn, Norway-headquartered company, which also has activity in the renewable energy sector, has a fleet of about 150 vessels. Currently, two well vessels and a harvest vessel are under construction.

2017/06/23

Rubicon Strengthens Downhole Completions Portfolio With Acquisition

Rubicon Oilfield International, backed by Warburg Pincus, acquired the assets, people and operating business of Calgary, Alberta-based World Oil Tools for an undisclosed amount.

2017/06/22

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.

2017/06/20

Insight: The State Of The Oil, Gas Service Sector

The top three service companies—Schlumberger, Halliburton and Baker Hughes—have all been working to gain better positioning within the market.

2017/06/19