Acquisitions & Divestitures

A&D - E&P

Whiting Petroleum Plans To Nearly Double 2017 Capex

Oil companies are betting big on a continued rise in crude prices by buying up acreage and raising capital spending. For example, Whiting boosted its 2017 capex to $1.1 billion from $554 million in 2016.

2017/02/21

Scott Pruitt: EPA Can Also Be Pro-Jobs

"I believe that we as an agency, and we as a nation, can be both pro-energy and jobs, and pro-environment," Pruitt said in his first address to EPA staff.

2017/02/21

Chaparral Aims For Pipeline Sale In Push To Exit Bankruptcy

Chaparral has a hearing on March 9 to confirm its plan to emerge from Chapter 11 bankruptcy, funded in part by asset sales.

2017/02/21

Samson Resources Taps Joseph Mills As President, CEO

Mills has nearly 35 years of experience in the oil and gas industry, including most recently as board chairman and CEO of Eagle Rock Energy Partners.

2017/02/21

Insight

Scott Pruitt: EPA Can Also Be Pro-Jobs

"I believe that we as an agency, and we as a nation, can be both pro-energy and jobs, and pro-environment," Pruitt said in his first address to EPA staff.

2017/02/21

OPEC Aims For Higher Compliance With Output Cuts

OPEC is curbing its output by about 1.2 MMbbl/d from Jan. 1, the first cut in eight years. Russia and 10 other non-OPEC producers agreed to cut half as much.

2017/02/21

Oil Traders Continue Making Big Bets, Despite Bearish Signals

A second consecutive massive build in U.S. crude stockpiles on Feb. 15 left the market relatively unimpressed, as the market awaited further evidence that OPEC cuts were in effect.

2017/02/17

NAPE: Oil, Gas Demand Energized Through 2040, ExxonMobil Says

The company forecasts economic growth in developing countries to lead the way for energy consumption while oil and natural gas become the dominant resource by 2040.

2017/02/16

Joint Ventures

Matador’s Midstream JV Plugs Delaware Capex Hole

Matador’s JV with a private company far exceeds analyst estimates, who considered the midstream infrastructure worth $250 million or so.

2017/02/17

California Resources To Accelerate Activity With $250 Million JV

The Los Angeles-based company formed a joint venture with Benefit Street for the investment of up to $250 million for the development of opportunities in its conventional and unconventional assets.

2017/02/16

Without Delays, DAPL Financial Deals Fall Into Place

ETP, MPLX and Enbridge complete transactions on the Bakken Pipeline System.

2017/02/16

Noble, Plains All American JV Acquires Delaware Basin Pipeline

The deal is the latest sign of midstream efforts to keep pace with Southern Delaware development.

2017/02/13

Mergers & Acquistions

Update: FTC Approves Enbridge, Spectra Merger With Conditions

The FTC said the firms agreed to resolve the charges by adopting a consent decree that would require Enbridge to notify the panel before acquisitions in areas off Louisiana.

2017/02/17

Oilfield Service Companies Performance, Slingshot Combine

Pelican is the financial partner which supported the recapitalization and combination of the companies. The terms of the transaction weren't disclosed.

2017/02/15

Magellan Petroleum, Tellurian Finalize Merger

Tellurian Investments was founded as a private company on Feb. 23, 2016, by Charif Souki and Martin Houston. 

2017/02/10

Parsley’s $2.8 Billion Pries Midland From Double Eagle

The company’s acreage position will increase by nearly 46% in Parsley’s 'transformational' Permian deal, analysts said.

2017/02/07

Midstream

Scott Pruitt: EPA Can Also Be Pro-Jobs

"I believe that we as an agency, and we as a nation, can be both pro-energy and jobs, and pro-environment," Pruitt said in his first address to EPA staff.

2017/02/21

Chaparral Aims For Pipeline Sale In Push To Exit Bankruptcy

Chaparral has a hearing on March 9 to confirm its plan to emerge from Chapter 11 bankruptcy, funded in part by asset sales.

2017/02/21

NAPE: Industry Losing Battle For Public’s Hearts, Minds

At NAPE, industry communicators agree that the oil and gas sector’s message is lost on the public and with it, the campaign for public support against environmentalist foes.

2017/02/21

Matador’s Midstream JV Plugs Delaware Capex Hole

Matador’s JV with a private company far exceeds analyst estimates, who considered the midstream infrastructure worth $250 million or so.

2017/02/17

Service & Supply

Scott Pruitt: EPA Can Also Be Pro-Jobs

"I believe that we as an agency, and we as a nation, can be both pro-energy and jobs, and pro-environment," Pruitt said in his first address to EPA staff.

2017/02/21

Forum Energy Technologies Names CEO

Prady Iyyanki has been appointed CEO and president of Houston-based Forum Energy Technologies (NYSE: FET) as part of a long-planned transition, according to a news release. Iyyanki, who currently serves as president and COO of the global oilfield products company, will succeed C. Christopher Gaut, effective May 16.

2017/02/21

US Senate Confirms Scott Pruitt As EPA Head

Senators voted 52-46 to approve Oklahoma Attorney General Scott Pruitt, who is expected to reform and modernize the EPA.

2017/02/17

Frank's International CFO Jeffrey Bird To Leave Company

The Houston-based company commented that Bird's departure was not related to any disagreement with Frank's or any matters relating to its operations, policies or practices.

2017/02/16