Acquisitions & Divestitures

A&D - E&P

Free

Gallagher Becomes President, CEO Of AGC

David G. Gallagher said that trademarked Gilsonite is a naturally occurring asphaltite that binds and strengthens as an additive for drilling fluids and cementing.

Erin Pedigo
Tue, 02/09/2016 - 16:07
Free

EIA: 2016 Gas Production Will Surpass 2015's Record High

Consumption will rise in 2016 and 2017 as industrial demand increases as new fertilizer and chemical plants enter service, Reuters said. Low gas prices and declining rig activity will begin affecting output.

Erin Pedigo
Tue, 02/09/2016 - 14:25
Free

Center Field: WPX Turns Piceance Deal

Analysts see WPX’s ability to deal its gas assets as a positive for other E&Ps looking to divest noncore producing assets amid low commodity prices.

Darren Barbee
Tue, 02/09/2016 - 13:46
Free

Warren Resources May File For Bankruptcy If Debt Talks Fail

The company has a 30-day grace period for negotiations with noteholders, since deferring interest payment on Feb. 1.

Emily Moser
Tue, 02/09/2016 - 07:45

Insight

Free

IEA Sees Global Oil Glut Worsening, OPEC Deal Unlikely

The Paris-based IEA trimmed its forecast for 2016 oil demand growth, which now stands at 1.17 million barrels per day following a five-year high of 1.6 million in 2015.

Emily Moser
Tue, 02/09/2016 - 07:38
Free

Report: US Shale Output To Fall In March

While the numbers show a general dip, the EIA also upwardly revised output from a month ago in a number of major shale plays, which underscores the resilience of production.

Emily Moser
Tue, 02/09/2016 - 07:35
Free

Chesapeake Counters Market Knee-Jerk, Says It’s Not Filing Bankruptcy

A news report that said the company had hired a restructuring attorney sent the price of the stock tumbling, but Chesapeake countered it had no intention of filing for bankruptcy.

Darren Barbee
Mon, 02/08/2016 - 13:07
Free

Chevron Dealing, But Play-By-Play A Secret For Now

Although M&A and A&D activity has been down lately, some believe change is coming. For example, Chevron will continue efforts to shed assets in hopes of bringing in between $5-10 billion more by year-end 2017.

Emily Moser
Mon, 02/08/2016 - 09:00

Joint Ventures

Free

Athabasca Forms JV With Murphy To Develop Montney, Duvernay

At closing, Athabasca forecasts about C$900 million of liquidity with a net cash position of about C$80 million adjusted for debt.

Emily Moser
Thu, 01/28/2016 - 07:25
Free

Warren Equity, Multifuels Launch New Midstream Company

The new midstream company will be led by a seasoned management team that is highly experienced in the development of pipelines, gathering systems and storage assets in the oil and gas industry, the release said.

Emily Moser
Mon, 01/25/2016 - 07:25
Free

Magellan Midstream, LBC Tank Terminals Consider Oil Export Capacity At JV Terminal

The companies are currently building out crude storage and distribution infrastructure near LBC's Seabrook Logistics terminal in Seabrook, Texas, Reuters said. Project will not be formally announced without customer commitments.

Erin Pedigo
Fri, 01/22/2016 - 10:46
Non-free

Alta Mesa Deal To Drill 40 Wells With Costs Borne By Bayou

In exchange for funding Alta Mesa’s drilling and completion costs, Bayou City will receive a portion of working interest in each joint well. At various IRR thresholds, interest will revert to Alta Mesa.

Emily Moser
Thu, 01/21/2016 - 12:00

Mergers & Acquistions

Free

EU Clears Acquisition Of Cameron By Schlumberger

"The proposed acquisition would raise no competition concerns, given the very limited overlaps between the companies' activities and the modest increment in market shares brought about by the transaction," the European Commission said.

Emily Moser
Fri, 02/05/2016 - 07:34
Non-free

Moving On: Why A&D Activity Will Increase In 2016

Craig Lande, managing director at RBC Richardson Barr, says A&D will be different in 2016: capital markets are tightening, 20% of production is hedged and demand is hopelessly outmatched by supply.

Darren Barbee
Thu, 02/04/2016 - 16:19
Non-free

Dominion Offers $4.4 Billion For Questar, Wexpro

Midstream assets figure heavily into deal, with Dominion calculating that $425 million in EBITDA could be moved into its midstream MLP. The merger would put Eastern and Western gas market under Dominion’s roof.

Emily Moser
Thu, 02/04/2016 - 16:13
Free

Senior Bankers Join BNP Paribas’ US Oil, Gas, Power M&A Groups

Carlos Aguilera, managing director and head of oil and gas-Americas, most recently was vice president of business development for Latin America and Africa at Chevron Corp. 

Erin Pedigo
Tue, 02/02/2016 - 17:14

Midstream

Free

Attacks Halt Oil Pumping At Colombia's Cano Limon Pipeline

Rebel groups, the Revolutionary Armed Forces of Colombia (FARC) and National Liberation Army (ELN), have often targeted oil infrastructure, bombing pipelines and trucks carrying crude oil, Reuters said.

Erin Pedigo
Tue, 02/09/2016 - 14:57
Free

Chesapeake's Finances Could Affect Pipeline Companies Contracted With Producers

Experts said the way Chesapeake handles finances could be crucial for midstream pipeline companies, which have long-term contracts with producers to move, process and store energy products, Reuters reported. 

Erin Pedigo
Tue, 02/09/2016 - 11:53
Free

Cheniere Will Close Crude Oil Trading Desk

It was unclear how many traders and support staff would lose jobs. Crude trading and origination desk was formed in mid-2015 with hire of Nelson Lee from BHP Billiton, Reuters said.

Erin Pedigo
Mon, 02/08/2016 - 16:02
Free

Centurion Midstream Opens Houston Office

"Having a full-time presence in Houston will allow us to better support our growing customer base and attract additional talent as we enter a phase of rapid growth in our business," Tom Ramsey, CEO, said.

Erin Pedigo
Mon, 02/08/2016 - 09:52

Service & Supply

Free

Gallagher Becomes President, CEO Of AGC

David G. Gallagher said that trademarked Gilsonite is a naturally occurring asphaltite that binds and strengthens as an additive for drilling fluids and cementing.

Erin Pedigo
Tue, 02/09/2016 - 16:07
Free

Rockdale Diversifies With Service Company Acquisition

Askarri, based in Houston, has been dormant for the last few years, the release said. However, the company is said to have history with major oil companies, providing services to both onshore and offshore oil and gas producers.

Emily Moser
Tue, 02/09/2016 - 07:40
Free

Stude Joins Citadel Advisory Group As VP Business Development

John Stude was vice president of business development for North America services at Superior Energy Services. Prior to its acquisition by Superior, Stude was vice president of corporate development for Complete Production Services.

Erin Pedigo
Fri, 02/05/2016 - 14:30
Free

EU Clears Acquisition Of Cameron By Schlumberger

"The proposed acquisition would raise no competition concerns, given the very limited overlaps between the companies' activities and the modest increment in market shares brought about by the transaction," the European Commission said.

Emily Moser
Fri, 02/05/2016 - 07:34