Acquisitions & Divestitures

A&D - E&P

Non-free

Lario Oil & Gas Completes High-Rate Well In Northern Midland Basin

Lario Oil & Gas Company has completed a second high-rate horizontal Wolfcamp test, the Peggy A 102WA, in Midland County Texas. The well was drilled with a 9,650 ft lateral and had a 24 hour IP rate of 1,690 boe/d (84% oil) and 30 day average of 1,488 boe/d. The well has produced 38,276 BO and 44,635 BOE in 30 days.

Fri, 05/27/2016 - 08:27
Non-free

Emerald Oil Lines Up Stalking Horse Bidder For Bakken Assets

As Emerald's stalking horse, affiliates of Fort Worth, Texas-based Crestline Management and Los Angeles-based Sole Source Capital will buy substantially all of the company's assets for about $73 million.

Emily Moser
Fri, 05/27/2016 - 08:00
Free

Brent Oil Breaks Above $50 For First Time In Seven Months

Above $50 a barrel, oil was seen by many market players as breaching a psychological barrier that could lead producers, particularly among U.S. shale companies, to revive operations scrapped in recent years.

Emily Moser
Thu, 05/26/2016 - 07:15
Free

BP, Shell Among Bidders To Run Qatar Oil Field, Sources Say

The people said state-owned Qatar Petroleum would award the contract for the oil field, which is off Qatar's coast and currently produces around 300,000 barrels per day, in the second half of the year.

Emily Moser
Thu, 05/26/2016 - 07:00

Insight

Free

Brent Oil Breaks Above $50 For First Time In Seven Months

Above $50 a barrel, oil was seen by many market players as breaching a psychological barrier that could lead producers, particularly among U.S. shale companies, to revive operations scrapped in recent years.

Emily Moser
Thu, 05/26/2016 - 07:15
Free

Oil Nudges $50 A Barrel As Investors Bet On Shrinking Overhang

A series of outages around the world, such as wildfires in Canada and a spate of violence in Nigeria's oil-producing region, has helped cut global oil supply by nearly 4 million barrels per day this month.

Emily Moser
Wed, 05/25/2016 - 07:45
Free

Iran-Saudi Row Threatens Any OPEC Deal, Puts Role In Question

Iran's rising oil exports will do little to repair dialogue, let alone help clinch a production deal, when OPEC meets next week amid rising political tensions between arch-rivals Iran and oil superpower Saudi Arabia.

Emily Moser
Wed, 05/25/2016 - 07:35
Non-free

Midstream Gears Up For Permian Basin Flow

As E&Ps become more efficient at finding ways to grow production, the midstream sector is getting ready to handle what comes its way when commodity prices rise by improving infrastructure.

Emily Moser
Tue, 05/24/2016 - 10:45

Joint Ventures

Free

Europa Oil & Gas Signs Farm-out For Weald Basin Interest

Under the farm-out, UJO will acquire a 7.5% working interest in PEDL143 from Europa, paying 15% of the costs to drill the exploration well at Holmwood.

Erin Pedigo
Mon, 05/23/2016 - 17:33
Free

Keppel Will Enter JV For Offshore Russia Oil, Gas Operations

Keppel O&M and Rosneft will have shares of 45% each in the JV, while MHWirth will hold 10% while adhering to existing U.S. and EU sanctions imposed on Russia’s offshore sector, Reuters reported.

Erin Pedigo
Fri, 05/20/2016 - 09:24
Free

Murphy Oil To Exit Syncrude JV, Sells Interest To Suncor

Syncrude is a JV operation in the Alberta Sedimentary Basin, which extracts bitumen from oil sands and upgrades it to light synthetic crude oil. Production averaged 15,600 boe/d (net) in the first quarter of 2016.

Emily Moser
Thu, 04/28/2016 - 07:27
Non-free

Callon Petroleum Adds Midland Basin Acreage, Establishes New Core

Callon has entered transactions to boost its position in the Midland Basin to about 34,000 net surface acres, including a new core operating area in one of the basin’s hot spots.

Emily Moser
Thu, 04/21/2016 - 16:05

Mergers & Acquistions

Free

Williams, ETE Tax Issue Trial Is Set For Late June

ETE said it has filed a counterclaim to Williams' lawsuit. The lawsuits are the latest twist in what has been a testy transaction almost from the get-go, Reuters reported.

Erin Pedigo
Tue, 05/24/2016 - 11:44
Free

Papua New Guinea May Challenge Oil Search, InterOil $2.2 Billion Merger

The commissioner of Papua New Guinea's ICCC said he was concerned the parties were not coming to the ICCC for regulatory approvals. The merger would assemble a LNG powerhouse in the country.

Emily Moser
Tue, 05/24/2016 - 07:30
Free

Oil Search Boosts LNG Push With $2.2 Billion InterOil Bid

InterOil is coveted for its stake in the Elk-Antelope fields, which could hold at least 6.2 trillion cubic feet of gas, more than enough to fill one LNG processing train. Drilling of one more well this year could prove it holds much more.

Emily Moser
Fri, 05/20/2016 - 07:40
Free

Technip, FMC Technologies To Merge In All-Stock Deal

The transaction is expected to deliver annual pretax savings of at least $400 million as of 2019 and boost earnings per share significantly, the companies said in a statement on May 19.

Emily Moser
Thu, 05/19/2016 - 06:20

Midstream

Free

Alberta Firefighters Face Oil Sands Chemicals And Compounds, Extreme Heat

Heavy bitumen in oil sands is not flammable, but facilities and people inside are at risk. Travis Fairweather, Alberta wildfire information officer, said forest fires are measured by “head fire intensity,” Reuters reported. 

Erin Pedigo
Tue, 05/24/2016 - 11:15
Non-free

Midstream Gears Up For Permian Basin Flow

As E&Ps become more efficient at finding ways to grow production, the midstream sector is getting ready to handle what comes its way when commodity prices rise by improving infrastructure.

Emily Moser
Tue, 05/24/2016 - 10:45
Free

Canada Regulator Approves Kinder Morgan Pipeline With Conditions

The decision prompted immediate outcry from critics, who called on Canadian Prime Minister Justin Trudeau to block the twinning of the existing pipeline, which carries oil from Alberta to a port in Metro Vancouver.

Emily Moser
Fri, 05/20/2016 - 07:30
Free

Natgas Shortages Threaten Southern California Summer Power Reliability

A report found significant risks to electricity deliveries due to the ongoing shutdown of Aliso Canyon, potentially leading to 14 days of power outages in Southern California.

Emily Moser
Thu, 05/19/2016 - 07:25

Service & Supply

Free

US Silica Closes Acquisition Of Ottawa White Sand Acreage In Illinois

The land will add about 30 million tonnes of proven reserves of high-quality Ottawa White sand that will produce coarse and medium-to-fine grades for use in oil and gas proppants and in other industries.

Erin Pedigo
Tue, 05/24/2016 - 15:19
Free

Analysts: Non-US Oil Supply Quickly Contracting

Shrinking oil supply in first-half 2016 has come as no surprise, considering worldwide oilfield capex cuts. However, its brisk pace, especially outside of the U.S., has caught people off guard.

Fri, 05/20/2016 - 09:59
Free

Technip, FMC Technologies To Merge In All-Stock Deal

The transaction is expected to deliver annual pretax savings of at least $400 million as of 2019 and boost earnings per share significantly, the companies said in a statement on May 19.

Emily Moser
Thu, 05/19/2016 - 06:20
Free

FMC Technologies Names Douglas Pferdehirt As Next CEO

Pferdehirt's appointment is effective Sept. 1. He will succeed John T. Gremp, who will continue to serve as chairman of the board while the Houston company completes its transition to the new CEO.

Emily Moser
Tue, 05/10/2016 - 07:25