Acquisitions & Divestitures

A&D - E&P

Free

EIA: Revised Data Increases Oklahoma’s Crude Production

Oklahoma’s crude oil production is about 100,000 barrels per day higher than previous data indicated. The revised data impact regional and national total production series.

Erin Pedigo
Fri, 02/12/2016 - 16:43
Free

Canadian Provinces Tasked With Cleanup Of Spent Oil Wells

Alberta had more than 700 abandoned wells in 2015. Neighboring Saskatchewan has 100 abandoned wells and the government expects another 1,000 will be abandoned, said spokeswoman Kathy Young, Reuters reported. 

Erin Pedigo
Fri, 02/12/2016 - 15:35
Free

A $1.35 Billion Loan Will Finance KKR's Purchase Of Pemex Assets

Under the agreement, Pemex sells 11 pipelines, one set of subsea cables, two non-drilling platforms and one gas compression facility to KKR while still operating and maintaining them, Reuters said.

Erin Pedigo
Fri, 02/12/2016 - 15:13
Non-free

Energen Seeking Permian Pure Play With San Juan Exit

Energen revealed plans to sell the remainder of its San Juan Basin assets in 2016 along with other noncore assets in the Delaware Basin with proceeds estimated at $400 million.

Emily Moser
Fri, 02/12/2016 - 14:26

Insight

Non-free

Energen Seeking Permian Pure Play With San Juan Exit

Energen revealed plans to sell the remainder of its San Juan Basin assets in 2016 along with other noncore assets in the Delaware Basin with proceeds estimated at $400 million.

Emily Moser
Fri, 02/12/2016 - 14:26
Free

Report: US Shale Oil Output To Double By 2035

In its industry benchmark 2035 Energy Outlook, BP forecast global demand for energy to increase by 34%, driven by growth in the world population and economy.

Emily Moser
Thu, 02/11/2016 - 07:43
Free

IPAA: Obama’s Agenda Remains Keeping Oil, Gas In The Ground

The president may have moved forward with healthcare reform when he first took office, but now he’s aggressively pursuing climate change and using the regulatory process to achieve his goal.

Emily Moser
Wed, 02/10/2016 - 14:08
Non-free

Feds: Gasoline Hits 12-Year Low; Crude Inventory Highest Since 1930

U.S. oil stocks are higher than at any time since 1930 and are expected to build even higher by April as WTI feels the pain.

Darren Barbee
Tue, 02/09/2016 - 13:00

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

Yuma To Combine With Privately-Held Davis Petroleum

Davis, based in Houston, is focused on acquisition, exploration and development of domestic oil and gas properties with average production of 1,533 boe/d in fourth-quarter 2015.

Emily Moser
Fri, 02/12/2016 - 07:58
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

Midstream

Free

Frey Appointed As Freeport LNG’s VP, Global Head Of LNG Marketing

Most recently, Bryan Frey was commercial managing director at Macquarie Energy, leading its global LNG initiative. Previously, he worked in commercial energy management at Constellation Energy, Marathon Oil and others.

Erin Pedigo
Fri, 02/12/2016 - 17:00
Free

California Planners Reject Valero Crude By Rail Project

Valero first proposed building the rail facility at Benicia refinery to offload up to 70,000 barrels per day of inland U.S. and Canadian heavy crude three years ago, Reuters said.

Erin Pedigo
Fri, 02/12/2016 - 14:33
Free

SoCalGas: First Relief Well For Aliso Canyon Gas Leak is Progressing

Controlling the flow of the leaking gas will involve pumping heavy fluids into the target well, and this will begin in the next few days.

Erin Pedigo
Thu, 02/11/2016 - 12:38
Free

IHS Closes Acquisition Of OPIS

OPIS, the most complete source for U.S. refined petroleum pricing data, news and analytics for the downstream market, will remain based in Gaithersburg, Md.

Erin Pedigo
Thu, 02/11/2016 - 11:17

Service & Supply

Free

Dril-Quip Will Establish Singapore R&D Facility

This will be Dril-Quip’s first R&D center outside the Americas, Lim Kok Kiang, assistant managing director of the Singapore Economic Development Board, said.

Erin Pedigo
Thu, 02/11/2016 - 17:18
Free

EIV Capital Forms CAM Integrated Solutions, Provides $40 Million In Equity

Craig Pierrotti, CAM’s CEO, was executive vice president for CH2M’s oil, gas and chemicals. Mitch Stamper was a facilities engineering manager for East Texas and North Louisiana at Anadarko Petroleum. 

Erin Pedigo
Wed, 02/10/2016 - 14:47
Free

Fountain Quail Water Management Receives $40 Million In Equity

Produced and flowback water is treated and recycled with proprietary systems, which are designed to cut water-specific operating costs by eliminating wastewater transportation and disposal and freshwater sourcing and transportation.

Erin Pedigo
Wed, 02/10/2016 - 10:10
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