Acquisitions & Divestitures

A&D - E&P

Marketed: Stanolind Offers Permian Footprint With Upside

Stanolind Oil and Gas is offering for sale certain Permian Basin assets in West Texas and New Mexico, according to TenOaks Energy Advisors, which was retained as exclusive financial and technical adviser for the sale.

Emily Moser
2016/08/24

US GoM Oil, Gas Lease Marks A First, Sets Record Lows

The lease sale generated just more than $18 million in bids.

2016/08/24

Canada's Far-Offshore Drilling Could Require Companies To Pay Extra

According to a recent Canadian federal government memo,the federal government is responsible for making the payments, but receives no money from the oil activity, with the province taking all royalties, Reuters reported. 

Erin Pedigo
2016/08/24

EPA: Wastewater Wells Likely Linked To Texas Earthquakes

The EPA said it was concerned about seismic activity in the Dallas-Fort Worth area because of its potential to affect underground sources of drinking water, Reuters reported.

Erin Pedigo
2016/08/23

Insight

US Crude Stocks' Surprise Build Leads WTI To Fall By 2%

Industry data showed that inventories had risen by 4.5 MMbbl in the week ending Aug. 19, rather than the expected 455,000-bbl fall, pushing WTI down more than $1 and erasing gains made in the previous session.

Emily Moser
2016/08/24

Iran Sends Positive Signals For Action To Boost Oil Price, Sources Say

Iran has been boosting output after the lifting of sanctions and has refused to join a previous attempt this year by OPEC plus non-members such as Russia to stabilize production, and talks collapsed in April.

Emily Moser
2016/08/24

Notes From Denver: Is The Permian Fueling An M&A Bubble?

Fresh from recent Permian deal making, WPX Energy and QEP Resources have both signaled their intent to continue hunting for acquisitions.

Emily Moser
2016/08/22

The Case For $4.50 Gas This Winter

Low crude prices and lack of gas-directed drilling bump up against growing demand. The result could be a price jump for U.S. natural gas.

Emily Moser
2016/08/19

Joint Ventures

JV Agreements For Sandpiper Pipeline Are Scrapped

With oil hovering near $40/bbl and narrow pricing differentials between regions, concerns about overcapacity are hitting midstream operators in numerous parts of the country, Reuters reported.

Erin Pedigo
2016/08/04

STACK Pipeline LLC Formed For Transporting Oklahoma Oil

Phillips 66 Partners contributed $50 million cash, which will be distributed to Plains, in exchange for a 50% interest in the JV.

Erin Pedigo
2016/08/04

EnLink Midstream, NGP Form JV To Expand Delaware Basin Business

A subsidiary of the Dallas company, EnLink Midstream LLC, entered an approximately $800 million JV agreement with a NGP affilate to operate and expand EnLink's natural gas, NGL and crude oil midstream assets in the Delaware.

Emily Moser
2016/08/02

Kinder Morgan, Southern Form Natural-Gas Pipeline JV

Under the JV agreement, Southern will acquire a 50% equity interest in the SNG pipeline system from Kinder Morgan. The value of the stake in SNG is about $1.47 billion.

Emily Moser
2016/07/11

Mergers & Acquistions

PDC Energy Enters Delaware Basin For $1.5 Billion

The deal, which adds a second core operating area to PDC's portfolio, consists of about 57,000 net acres in Reeves and Culberson counties in West Texas.

Emily Moser
2016/08/23

Notes From Denver: Is The Permian Fueling An M&A Bubble?

Fresh from recent Permian deal making, WPX Energy and QEP Resources have both signaled their intent to continue hunting for acquisitions.

Emily Moser
2016/08/22

Marquee Energy, Alberta Oilsands Will Merge Through Agreement

The combined company will be known as Marquee Energy Ltd., and will provide shareholders exposure to a dominant land position in the Michichi oil fairway, with 2,600 barrels of oil per day of production.

Erin Pedigo
2016/08/19

Enterprise Products Reportedly Approached Williams Over Acquisition

Enterprise's approach came after peer Energy Transfer Equity  terminated its merger agreement with Williams in June after a prolonged legal battle.

Emily Moser
2016/08/19

Midstream

Leading LNG Importers Ease Up On The Gas

Japan, South Korea cut back on LNG imports, but emerging Asian markets increase demand, EIA says.

2016/08/24

Corvex Nominates 10 Of Its Own For Williams Board

Williams also said that its board would consider any potential nominees that stockholders suggested.

Erin Pedigo
2016/08/24

Large Oil Tankers' Need For Retrofits Delays Use Of Expanded Panama Canal

Many ships must first undergo inconvenient retrofits to transit through the new locks, shipping industry experts said, Reuters reported.

Erin Pedigo
2016/08/23

Mexico’s Open For Business

U.S. firms across the value chain can take advantage of opportunities that will emerge from Mexico’s energy reform, say experts at EnerCom.

2016/08/23

Service & Supply

Blackeagle Energy Services Fortifies Operations With Permian Deal

The acquisition strengthens Blackeagle's existing Texas operations and puts the company at 'the epicenter of the nation's largest oil producing region.'

Emily Moser
2016/08/24

U.S. Silica Wraps Up $210 Million Acquisition Of NBR Sand

Located in Tyler, Texas, NBR has access to prolific shales within the state with the capacity to produce more than 2 million tons of fine-grade frack sand per year.

Emily Moser
2016/08/18

U.S. Silica Set To Rule The Sandbox

U.S. Silica, determined to make acquisitions in the downturn, has added Texas regional sand, high-purity Illinois sand and logistics to its portfolio this year.

Darren Barbee
2016/08/09

Maersk Drilling To Cut US Jobs After Contract Loss

The offshore drilling industry is facing challenges as oil companies postpone or cancel exploration and development projects due to low crude prices.

Emily Moser
2016/08/02