Acquisitions & Divestitures

A&D - E&P

Contango Provides Results From Wolfcamp Wells In Southern Delaware Basin

Contango Oil & Gas provided an update on its second and third wells drilled on its Southern Delaware Basin acreage in Pecos County, Texas, the Houston company said May 24.

2017/05/25

Rebalancing Act: OPEC Extends Production Cuts For Nine Months

Demand is expected to pick up in the second quarter, according to OPEC’s president. But that doesn’t mean another extension is off the table.

2017/05/25

Trump Budget Proposal Includes Nearly $205 Million For BSEE

The FY 2018 budget supports oil spill research and Trump's 'America First Energy' and includes $112 million in current appropriations and $92.9 million in revenue from rental receipts, cost recoveries and inspection fees.

2017/05/25

Reports: OPEC To Extend Production Cuts For Nine Months

OPEC decided it would extend cuts in oil output by nine months to March 2018 on May 25, an OPEC delegate said according to a Reuters report.

2017/05/25

Insight

EIA: US Crude Inventories Slump Amid Near Record Refining

U.S. crude oil inventories fell for the seventh straight week as refiners processed a near record amount of crude last week, the EIA said May 24, even as gasoline and distillate stockpiles also dipped.

2017/05/24

OPEC Nearing Deal To Extend Oil Output Cut To March 2018

OPEC meets in Vienna on May 25 to consider whether to prolong the accord reached in December in which OPEC and 11 non-members agreed to cut oil output by about 1.8 MMbbl/d in the first half of 2017.

2017/05/24

Oil Prices Rise As Market Awaits Extended OPEC Cuts

Both crude benchmarks have gained more than 10% from their May lows below $50 per barrel, rebounding on a consensus that OPEC and other producers will maintain strict limits on oil production.

2017/05/24

OPEC, Non-OPEC Hold Informal Talks To Nail New Oil Cuts

OPEC and non-OPEC ministers meet for informal consultations in Vienna on May 24 in a last-ditch bid to agree on the duration of oil output cuts.

2017/05/24

Joint Ventures

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

Mergers & Acquistions

Rubicon Acquires Emerging Oilfield Tech Company

Rubicon said it expects the acquisition of Choice Completions will strengthen its well construction portfolio and completions solutions business segment.

2017/05/09

2017 A&D Outlook: The Big Truck Without Brakes

At the Energy Capital Conference, A&D gurus mused over the current wealth of deals in the Permian, the selloff elsewhere for capital and transactions hurtling toward the Powder River Basin.

2017/05/08

Pembina Pipeline Buys Rival Veresen For $7.1 Billion

The combined company will have a strong position in the Western Canadian Sedimentary Basin, home to the world's third largest crude reserves.

2017/05/01

SNC-Lavalin To Buy UK-Based WS Atkins For $2.7 Billion

SNC-Lavalin Group is expanding its global consulting, design and project management capabilities with the takeover of U.K.-based WS Atkins.

2017/04/21

Midstream

Will Northeast Gas Demand Really Rise? Maybe Not

Questions arise at Platts conference on whether gas demand in the Northeast will really increase as expected.

2017/05/26

Magellan Eyes Export Opportunities For Permian’s Looming Takeaway Problem

Magellan is developing a new crude oil pipeline in the Permian to address projected takeaway capacity constraints and also give marine export capability.

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

Northeast Hungry For Gas; Frustrated By Lack Of Pipeline Investment

Power distributors in New York and New England are chomping at the bit for more natural gas. Why can’t they get it?

2017/05/23

Service & Supply

Twin Eagle To Expand Permian Rail Frack Sand Facility

Twin Eagle Sand Logistics announced on May 24 plans to further expand the Permian Rail Park to meet the strong demand of the Midland Basin.

2017/05/25

Pressure Cooker: Keane Group’s $285 Million Deal Adds Permian, Bakken Horsepower

Amid industry consolidation, Colorado’s RockPile Energy Services will augment Keane’s services primarily in the Permian Basin and the Bakken.

2017/05/19

Halliburton’s Incoming CEO Sees Significant Price Hike

Halliburton executives have been in talks with customers for months about raising rates for its services.

2017/05/18

Houston-Based Solaris Oilfield Infrastructure Prices IPO

Solaris Oilfield Infrastructure, a manufacturer of proppant management systems deployed in U.S. shale plays, said it expects up to about $127.9 million of net proceeds from the IPO.

2017/05/16