Acquisitions & Divestitures

A&D - E&P

Non-free

The Year Of The Scoop/Stack

Central Oklahoma's Scoop/Stack area has held its own while the “big three” oil plays--Williston, Permian and Eagle Ford--have reduced their horizontal rig counts.

Fri, 03/27/2015 - 16:10
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Growth In A Down Market

A Pennsylvania-based oilfield service firm is enjoying robust growth, thanks to its emphasis on quality, safety and its innovative approach to forming key strategic alliances.

Peggy Williams
Fri, 03/27/2015 - 16:06
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States Feel The Sting Of Falling Oil Tax Revenues

North Dakota has cut billions from its budget, Texas revenue is down 40% in February, and Alaska is 90% dependent on oil revenues.

Fri, 03/27/2015 - 16:01
Non-free

The New Frontier: North Carolina Shale

Interest in North Carolina's Triassic Basin shale deposits has grown in recent years, but the region’s resources remain largely undiscovered.

Emily Moser
Fri, 03/27/2015 - 15:03

Insight

Non-free

Growing Pains

Colorado Gov. John Hickenlooper’s Oil and Gas Task Force handles the state’s energy-related policy, legislation and regulatory structure. Coloradans’ views vary on the oil and gas industry, environment and policy. 

Fri, 03/27/2015 - 14:09
Non-free

‘Utter Collapse’ Of Spending Might Cause US Production To Falter

With the shock value of 20% to 80% capex cuts fading, producers might start pulling back production as the oil market keeps tightening and Saudi Arabia flexes its economic muscles. 

Wed, 03/25/2015 - 17:30
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MLPs Must Focus On Defensive Game

The weak commodities environment won’t be the death knell of shale’s success story, but North American energy industry has hit the reset button.

Deon Daugherty
Mon, 03/23/2015 - 09:53
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Budget Cuts Coming Fast And Furious

New Moody’s report reveals that E&P companies are cutting capex by an aggregate 41%. Some 21% of Moody’s-rated E&P companies will reduce their capital budgets by more than 60% in 2015.

Fri, 03/20/2015 - 17:03

Joint Ventures

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Plains All American Pipeline, Delek Logistics Form Caddo Pipeline JV

The pipeline will move 80,000 barrels of crude oil from Longview, Texas, to Shreveport, La., and El Dorado, Ark. The joint venture between the companies creates Caddo Pipeline LLC.

Wed, 03/25/2015 - 08:59
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Caza, Clayton Williams Terminate Farm-Out Agreement In Wolfcamp

Caza, of The Woodlands, Texas, was to drill an initial horizontal Wolfcamp well on the Reeves County acreage.

Emily Moser
Thu, 02/26/2015 - 13:09
Non-free

Swift Energy Buys Rights To 24,000 Eagle Ford Acres, Seeks JV

The shale gas company’s deal comes after executives have said they want to sells assets to reduce debt.

Darren Barbee
Thu, 02/26/2015 - 12:45
Non-free

REXX Looks To Move Assets In Face Of Cash Flow Crunch

The company is also seeking a JV partner and leadership is considering the sale of selected assets in the Marcellus.

Darren Barbee
Fri, 02/20/2015 - 10:48

Mergers & Acquistions

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HAL/BHI Stockholders Approve Merger

Special meetings determined the shareholders’ votes. The merger of Halliburton and Baker Hughes is scheduled to close in the second half of 2015, subject to regulatory approvals.

Fri, 03/27/2015 - 15:02
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C&J Energy Services Ltd. Emerges From C&J, Nabors Merger

C&J Energy Services Ltd. is led by current C&J management and will be based out of Bermuda. The transaction was originally announced June 25, 2014.

Wed, 03/25/2015 - 09:43
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Halliburton, Baker Hughes Seek April Asset Sales

Several batches of overlapping business lines will be unloaded to win U.S. Justice Department approval for their $34.6 billion combination, according to people with knowledge of the matter, Bloomberg said.

Mon, 03/23/2015 - 10:35
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Sabine/Forest Schemed To Avoid Debt, Lawsuit Says

Sabine said March 16 that it is considering “strategic alternatives” to its capital structure following legal action by bondholders seeking $584 million. The company has been served a notice of default by its lender.

 

Darren Barbee
Wed, 03/18/2015 - 08:34

Midstream

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Chevron Will Exit Australian Shale Gas

Chevron Global Energy Inc. will sell its stake in refiner Caltex Australia Ltd., Business Wire said. Bloomberg said this marks Chevron’s exit from shale gas in Beach Energy’s Nappamerri Trough.

Fri, 03/27/2015 - 12:02
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BlackRock, First Reserve Take $900 Million Stake In Mexico Pipeline Project

U.S.-based asset manager BlackRock Inc. and private-equity firm First Reserve took a roughly-$900 million joint stake in phase two of Mexico’s Los Ramones Pipeline project, state-owned Pemex said, Reuters reported. 

Fri, 03/27/2015 - 09:29
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Report: Kinetic Energy, Not Contents, Likely Cause Train Derailment Fires

Kinetic energy created by a derailment factors more heavily in the size of a fire than whatever the train is hauling, according to a report, the American Petroleum Institute said. 

Thu, 03/26/2015 - 12:27
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Senate Democrats Urge Oil Train Safety Standards

Democratic lawmakers wrote in cosponsored legislation that “these outdated cars pose an alarming risk,” Reuters said. Sen. Maria Cantwell introduced the legislation concerning regulation of train-transported Bakken crude oil.

Wed, 03/25/2015 - 14:24

Service & Supply

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HAL/BHI Stockholders Approve Merger

Special meetings determined the shareholders’ votes. The merger of Halliburton and Baker Hughes is scheduled to close in the second half of 2015, subject to regulatory approvals.

Fri, 03/27/2015 - 15:02
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Schlumberger Pleads Guilty To Violating US Sanctions On Iran, Sudan

The U.S. Justice Department said on Wednesday that a subsidiary of Schlumberger Oilfield Holdings had pleaded guilty to violating U.S. sanctions related to Iran and Sudan and would pay a $237.2 million fine.

Thu, 03/26/2015 - 10:01
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C&J Energy Services Ltd. Emerges From C&J, Nabors Merger

C&J Energy Services Ltd. is led by current C&J management and will be based out of Bermuda. The transaction was originally announced June 25, 2014.

Wed, 03/25/2015 - 09:43
Non-free

Why US Oil Production Will Grow Despite Lower Prices

Operators are employing several tools to increase production despite budget cutbacks, including high grading acreage, high-intensity completions and leveraging lower service costs to navigate the new low oil price era. 

Tue, 03/24/2015 - 11:34