Acquisitions & Divestitures

A&D - E&P

Lucas Energy Lands Deal To Fund Eagle Ford Shale Development

Lucas will initially participate in the Cyclone #9H and #10H wells on Lonestar's Harvey Johnson lease in southern Gonzales County in South Texas.

Emily Moser
2016/08/29

Study: Toll Of Clinton’s Fracking Ban Would Be ‘Severe’

The U.S. Chamber of Commerce said billions in revenues and thousands of jobs would be lost if energy production on federal lands is banned.

Darren Barbee
2016/08/26

Low Prices Could Hurt Bids For West Orphan Basin Offshore Canada

The bidding on licenses in the West Orphan Basin will close on Nov. 9, Reuters said. 

Erin Pedigo
2016/08/25

Marketed: University Of Texas System's Pecos County Tract

The University of Texas System is auctioning 10,851.926 acres for lease located in Pecos County in West Texas. EnergyNet has been retained to administer the sealed-bid auction.

Emily Moser
2016/08/25

Insight

Report: US Crude, Gasoline Stocks Build As Refineries Cut Output

The weekly data shows that gasoline stocks in the U.S. Gulf Coast reached a seasonal high not seen since 2013, which could reflect decreased activity due to weaker demand.

Emily Moser
2016/08/25

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

Joint Ventures

Lucas Energy Lands Deal To Fund Eagle Ford Shale Development

Lucas will initially participate in the Cyclone #9H and #10H wells on Lonestar's Harvey Johnson lease in southern Gonzales County in South Texas.

Emily Moser
2016/08/29

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

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

Matador Brings New Delaware Basin Processing Plant Online

The plant, which will support Matador’s ongoing and future development efforts at Rustler Breaks, was brought online 'both on time and on budget,' CEO Joseph Foran says.

Emily Moser
2016/08/29

Phillips 66 Partners To Buy S. Louisiana NGL Logistics Assets

Phillips 66 Partners To Buy S. Louisiana NGL Logistics Assets

2016/08/26

Nord Stream 2 Pipeline 'Bad Deal' For Europe, Biden Says

Many eastern European countries and the U.S. have said the pipeline could limit supply routes and the energy security of the European Union, which gets a third of its gas from Russia.

Emily Moser
2016/08/25

Celebrities Join Native American Protest Of Bakken Shale Pipeline

The Dakota Access pipeline, being built by a group of firms led by Energy Transfer Partners, would be the first to bring Bakken Shale from North Dakota directly to refineries in the U.S. Gulf Coast.

Emily Moser
2016/08/25

Service & Supply

Amazing Energy Completes Jilpetco Acquisition

Jilpetco will continue as a registered operator with the Texas Railroad Commission, with Pinney serving as its president.

Erin Pedigo
2016/08/25

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