Acquisitions & Divestitures

A&D - E&P

Free

Patterson Tubular Appoints Stewart As Channelview Director Of Operations

Vince Stewart became director of operations at the Channelview, Texas, facility, directing operational, safety and sales efforts. Stewart first joined the Patterson companies in 1981. 

Thu, 05/21/2015 - 15:47
Free

Transocean, Halliburton, BP Settle Remaining Macondo Claims

BP will pay Transocean $125 million in legal fee compensation. Halliburton, which provided Macondo cementing services, reached a claim settlement with BP, Bloomberg said. Transocean owned the Deepwater Horizon rig.

Thu, 05/21/2015 - 10:20
Free

Cimarex Stock Offering Is Another Sign That Permian, Midcon May Be Heating Up

Cimarex plans to sell 7 million shares, which may be used to accelerate drilling and completion work in the Delaware Basin and Cana-Woodford after the company cut rigs.

Darren Barbee
Thu, 05/21/2015 - 10:18
Free

Europe’s Oil Giants Forming Joint Strategy On Climate Change

Bloomberg said Europe’s largest oil companies are forming a joint strategy on climate change. Climate change-related policies can affect industry operations. Natural gas—the most-used fossil fuel—pollutes the least. 

Thu, 05/21/2015 - 09:12

Insight

Free

Texas Legislation Ends Municipalities' Say In Fracking Bans

Gov. Greg Abbott signs a bill that erases November’s Denton, Texas, hydraulic fracturing ban but many ordinances, particularly subsurface oil and gas regulations, may also be history.

Mon, 05/18/2015 - 16:14
Free

Old School Meets New: Fracking Technology Could Unlock Billions Of Barrels Worldwide

According to a new IHS report, more than 170 mature oil plays worldwide have the potential from horizontal drilling and hydraulic fracturing to produce as much as 141 billion barrels of oil.

Emily Moser
Mon, 05/18/2015 - 12:13
Non-free

Proposed MLP Rules Generate Questions

Attorneys from Baker Botts advise that it’s too early to panic, but not too soon to closely examine IRS regulations and offer comments.

Joseph Markman
Mon, 05/18/2015 - 10:55
Non-free

Noble’s Merger With Rosetta Opens Door To Opportunities, Questions

An analyst argues that Noble’s D-J Basin assets may not have the firepower touted by the company, while another says the merger may prove to be the way large deals get done.

Darren Barbee
Fri, 05/15/2015 - 17:00

Joint Ventures

Free

IOG, Fortress Close $330 Million Investment Partnership

IOG also partnered with MetalMark Capital in September 2014. IOG has more than $700 million in capital to support domestic oil and natural gas companies’ onshore acquisitions and development drilling.

Wed, 05/13/2015 - 13:59
Free

Enterprise, Occidental Form Delaware Basin Gas Processing JV

Enterprise Products Partners LP entered into an agreement with an Occidental Petroleum Corp. affiliate to jointly develop a new 150 million cubic feet per day cryogenic natural gas processing plant. 

Thu, 04/30/2015 - 07:46
Non-free

Goodrich Alive In TMS But Tempted By Eagle Ford Divestment

Goodrich’s Eagle Ford Shale position is located in Frio and LaSalle counties, Texas, near producers Chesapeake Energy, Cabot, Carrizo and EOG Resources.

Darren Barbee
Thu, 04/23/2015 - 12:58
Free

Anadarko Mozambique LNG Deals On Horizon

Anadarko and project partners estimate there is 75 Tcf of exploitable gas offshore Mozambique, Bloomberg said. The Rovuma Basin could hold 120 Tcf technically recoverable reserves, a consultant said.

Wed, 04/15/2015 - 08:09

Mergers & Acquistions

Free

Verisk Analytics Closes Wood Mackenzie Acquisition

Data analytics provider Verisk Analytics Inc. completed its acquisition of industry research firm Wood Mackenzie Ltd. The purchase price was 1.85 billion British pounds, about US$2.8 billion.

Wed, 05/20/2015 - 16:48
Free

Oil M&A Activity Might Rise In 2016

The Permian Basin is prime for M&A interest. There could be consolidation in the Eagle Ford as producers try to drive efficiencies and lower costs, a Citigroup executive told Bloomberg. 

Wed, 05/20/2015 - 11:55
Non-free

Atlas Dropdown Acquisition To Dilute MLP’s Equity

After three years and $2.2 billion spent buying Eagle Ford, Permian and Arkoma Basin assets, Atlas plans to use $35 million in proceeds to pay down debt.

 

Tue, 05/19/2015 - 10:59
Non-free

Noble’s Merger With Rosetta Opens Door To Opportunities, Questions

An analyst argues that Noble’s D-J Basin assets may not have the firepower touted by the company, while another says the merger may prove to be the way large deals get done.

Darren Barbee
Fri, 05/15/2015 - 17:00

Midstream

Free

Plains All American: Oil Cleanup Operations Continue At California Beach

State and federal agencies clean up crude oil that leaked from a Plains All American Pipeline LP pipeline in Santa Barbara County, Calif., on May 20. 

Thu, 05/21/2015 - 09:47
Free

NAPTP Will Change Name To MLPA

Mary Lyman, executive director, said the National Association of Publicly Traded Partnership’s market has expanded and there are now more than 100 MLPs nationwide. NAPTP is based in Washington, D.C.

Wed, 05/20/2015 - 15:19
Free

Marlin Midstream Changes Name To Azure Midstream

Azure applied to list its common units on the New York Stock Exchange (NYSE) under the ticker “AZUR,” and gave NASDAQ Global Market written notice to delist its common units. 

Wed, 05/20/2015 - 14:57
Free

Plains All American: Oil Spills From California Pipeline

Oil leaked from a 24-inch pipeline in Santa Barbara County, Calif. Pipeline belongs to Plains All American Pipeline LP. Initial reports said oil reached a culvert leading to Pacific Ocean.

Wed, 05/20/2015 - 11:28

Service & Supply

Free

Patterson Tubular Appoints Stewart As Channelview Director Of Operations

Vince Stewart became director of operations at the Channelview, Texas, facility, directing operational, safety and sales efforts. Stewart first joined the Patterson companies in 1981. 

Thu, 05/21/2015 - 15:47
Free

Oilfield Service Deals Stagnate For Want Of Buyers

Potential buyers have had to cut employees, and so far few companies are going out of their way to aggressively buy frack fleets or other equipment.

Wed, 05/20/2015 - 09:58
Free

Service Companies Might Turn To Mergers In Second-Half 2015

Services companies have taken the hardest hit in industry from the oil price drop, Bloomberg said. Companies with weaker balance sheets might need to consider mergers to survive.  

Fri, 05/15/2015 - 12:19
Free

OTC 2015: Guarded Optimism Ahoy!

Manufacturing and engineering firms see the first green shoots of activity improvement as the industry retools for the future. 

Wed, 05/06/2015 - 12:10