Acquisitions & Divestitures

A&D - E&P

Dane Whitehead Joins Marathon Oil As CFO

Whitehead, 55, has most recently served as executive vice president and CFO of both EP Energy Corp. and EP Energy LLC since May 2012.

2017/02/23

Marketed: ORRI In More Than 3,500 Wells, Maxus Energy

The assets are located in Oklahoma, Texas, Louisiana, New Mexico and Wyoming. Operators include Apache Corp. (NYSE: APA), BP Plc (NYSE: BP) and XTO Energy Inc., among others.

2017/02/23

Forecasting Middle East Energy In The Trump Era

Stratas Advisors outlined regional relationships’ link to energy production in a recent webinar, as the Trump administration marks its first month. 

2017/02/23

Chesapeake Energy Posts Smaller Quarterly Loss

In a note, Barclays analysts wrote the U.S. natural gas producer's fourth quarter results were largely in line with expectations, but described Chesapeake's 2017 production forecasts as "a bit more pessimistic" than rivals.

2017/02/23

Insight

EIA: US Crude Stockpiles Build For Seventh Straight Week

Crude oil and gasoline inventories had soared to record highs a week earlier as refineries cut output amid seasonal maintenance and gasoline demand softened.

2017/02/23

Oil Prices Boosted By Report Showing US Stocks Falling

Benchmark Brent crude oil jumped $1.08/bbl to $56.92 before easing back to $56.85 by 7:15 a.m. CT (13:15 GMT) Feb. 23. West Texas Intermediate light crude hit a high of $54.64, up $1.05/bbl.

2017/02/23

Non-OPEC Supply Cuts Higher Than Expected, Sources Say

Eleven non-OPEC oil producers that joined a global deal to cut output to boost prices have delivered at least 60% of promised curbs so far, higher than initially estimated.

2017/02/22

Oil Prices Slip But Cushioned By OPEC Optimism

Global oil prices slipped on Feb. 22 as the U.S. dollar, in which payments for crude are made, rose, but they traded broadly at multi-week highs after OPEC signaled optimism over its deal.

2017/02/22

Joint Ventures

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

Matador’s Midstream JV Plugs Delaware Capex Hole

Matador’s JV with a private company far exceeds analyst estimates, who considered the midstream infrastructure worth $250 million or so.

2017/02/17

California Resources To Accelerate Activity With $250 Million JV

The Los Angeles-based company formed a joint venture with Benefit Street for the investment of up to $250 million for the development of opportunities in its conventional and unconventional assets.

2017/02/16

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

WhiteWater To Build Delaware Basin NatGas Pipeline

The pipeline will provide producers and processors with a 'much-needed outlet for the rapidly growing natural gas volumes in the Delaware Basin,' CEO Christer Rundlof said.

2017/02/23

China's Rising Demand Could End Global LNG Supply Glut

Royal Dutch Shell Plc, the world's biggest LNG supplier, said this week that it estimates Southeast Asian LNG demand will rise above 50 million tonnes per annum (mtpa) by 2035, up from 10 mtpa currently, Reuters reported.

2017/02/23

Australia’s LNG Hour Of Truth At Hand

Australia is on the cusp of becoming the world’s largest LNG exporter. At AOG 2017, the question being asked is whether that will be good for the country?

2017/02/23

Showdown Looms As Deadline For Dakota Access Protesters Arrives

Demonstrators and authorities near the site of the Dakota Access pipeline braced for a possible showdown as the deadline for protesters to leave approaches.

2017/02/22

Service & Supply

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

Forum Energy Technologies Names CEO

Prady Iyyanki has been appointed CEO and president of Houston-based Forum Energy Technologies (NYSE: FET) as part of a long-planned transition, according to a news release. Iyyanki, who currently serves as president and COO of the global oilfield products company, will succeed C. Christopher Gaut, effective May 16.

2017/02/21

US Senate Confirms Scott Pruitt As EPA Head

Senators voted 52-46 to approve Oklahoma Attorney General Scott Pruitt, who is expected to reform and modernize the EPA.

2017/02/17

Frank's International CFO Jeffrey Bird To Leave Company

The Houston-based company commented that Bird's departure was not related to any disagreement with Frank's or any matters relating to its operations, policies or practices.

2017/02/16