Acquisitions & Divestitures - Joint Ventures

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.

2017/06/30

How To Make Your JV ‘Marriage’ Work

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

2017/06/28

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

Seaport Global Securities Launches Upstream A&D Division

In addition, Tom Schaefer and Andy Taurins have joined Seaport as managing directors to co-head the firm's A&D investment banking team.

2017/04/13

Bankrupt Vanguard Assailed As It Tries To Deal Midland Acreage

Occidental Petroleum is a stalking horse bidder for Vanguard's Glasscock County, Texas, acreage, which it agreed to buy for $78 million.

2017/04/03

Ares Launches $300 Million JV With Midland’s E&P Endeavor Energy

Ares’s newly formed Development Capital Resources made $450 million in JV commitments, including one with an operator in the Stack/ Scoop.

2017/04/03

Red Leaf, Total E&P USA End Utah Oil Shale JV

Total E&P USA Oil Shale LLC will exit an oil shale project in eastern Utah after reaching an agreement with development partner Red Leaf Resources Inc., the companies said March 31.

2017/04/03

Schlumberger, Weatherford JV Creates $3.8 Billion Frack Leviathan

The JV, called OneStim, will rival Halliburton’s frack fleet in the U.S. and Canada and further shrinks the pressure pumping marketplace to the detriment of smaller companies, an analyst said.

2017/03/27

Schlumberger, Weatherford To Form OneStim JV

The JV will offer 'one of the broadest multistage completions portfolios in the market combined with one of the largest hydraulic fracturing fleets in the industry,' according to the release.

2017/03/24

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