Acquisitions & Divestitures

A&D - E&P

Russia Could Speed Oil Output Cuts If Domestic Companies Keep Up

Russian Energy Minister Alexander Novak confirmed earlier reports that OPEC and non-OPEC combined production cuts for January stood at 86% of initial targets, described by the International Energy Agency as "one of the deepest" in history, Reuters said.

2017/02/27

Total Sells Interests In Fields Onshore, Offshore Gabon To Perenco

As part of the agreement, the company is selling its 100%-owned affiliate Total Participations Petrolières Gabon, which holds interests in 10 fields.

2017/02/27

Scott Pruitt: EPA To Start 'Aggressive' Cuts To Regulations Soon

Pruitt mentioned three rules that could meet the chopping block early on: the Waters of the U.S. rule; the Clean Power Plan; and the U.S. Methane rule.

2017/02/27

METECH Panel: Technological Gains Could Negatively Impact Oil Prices

During the last 18 months, the economic climate and oil prices have been the primary focus for much of the industry, but technology has gained prominence.

2017/02/24

Insight

Oil Prices Rise As Investors Show Record Confidence

Oil prices rose Feb. 27 as investors showed record confidence in prices rising further, though gains were capped by the prospect of faster growth in U.S. oil production.

2017/02/27

Scott Pruitt: EPA To Start 'Aggressive' Cuts To Regulations Soon

Pruitt mentioned three rules that could meet the chopping block early on: the Waters of the U.S. rule; the Clean Power Plan; and the U.S. Methane rule.

2017/02/27

US Drillers Add Oil Rigs For Sixth Straight Week

Drillers added five oil rigs in the week to Feb. 24, bringing the total count up to 602, the most rigs since October 2015, energy services firm Baker Hughes Inc. (NYSE: BHI) said Feb. 24.

2017/02/24

UAE, Iraq Pledge To Catch Up With OPEC Output Target

OPEC has so far surprised the market by showing record compliance with oil-output curbs and could do so further in coming months as the UAE and Iraq pledge to catch up quickly with their targets.

2017/02/24

Joint Ventures

Recent Moves Highlight Evolution Of PE In Midstream

Two segments—smaller producers and water services—are providing investment opportunities, especially in the prolific Permian Basin.

2017/02/27

YPF, Shell Sign Deal For Vaca Muerta Pilot Project

Both companies will take a 50% stake in the Bajada de Añelo Field to develop a pilot program, which will be operated by Shell, YPF said in a statement. The agreement is subject to approval by provincial authorities, and Shell’s investment will come in two phases, YPF said.

2017/02/24

After Prosperous 2016, Private Equity Makes Its Plays

In fourth-quarter 2016, nearly all of the $11.9 billion in transactions were made by public companies purchasing from private-equity firms.

2017/02/22

Black Stone Minerals Forms JV For Haynesville/Bossier Wells

The agreement with Canaan Resource Partners covers certain Haynesville and Bossier shale acreage in the Shelby Trough operated by XTO Energy Inc.

2017/02/22

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

Recent Moves Highlight Evolution Of PE In Midstream

Two segments—smaller producers and water services—are providing investment opportunities, especially in the prolific Permian Basin.

2017/02/27

Scott Pruitt: EPA To Start 'Aggressive' Cuts To Regulations Soon

Pruitt mentioned three rules that could meet the chopping block early on: the Waters of the U.S. rule; the Clean Power Plan; and the U.S. Methane rule.

2017/02/27

Energy Transfer Says Dakota Access 99% Complete

Energy Transfer Partners LP said on Feb. 23 that 99% of its Dakota Access Pipeline is complete after receiving all federal authorizations necessary earlier this month.

2017/02/24

Ultra Renegotiates Gas Processing Pacts With Enterprise, Williams

Ultra said in a statement that it expects the new agreements to provide financial benefits related to its operations at the Pinedale Field asset in Wyoming

2017/02/24

Service & Supply

Hi-Crush Adds Permian Mine Amid Skittish Sand Market

Hi-Crush adds an above-ground Permian sand operation within 75 miles of 2,700 permitted horizontal drilling sites.

2017/02/27

Scott Pruitt: EPA To Start 'Aggressive' Cuts To Regulations Soon

Pruitt mentioned three rules that could meet the chopping block early on: the Waters of the U.S. rule; the Clean Power Plan; and the U.S. Methane rule.

2017/02/27

US Drillers Add Oil Rigs For Sixth Straight Week

Drillers added five oil rigs in the week to Feb. 24, bringing the total count up to 602, the most rigs since October 2015, energy services firm Baker Hughes Inc. (NYSE: BHI) said Feb. 24.

2017/02/24

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