Acquisitions Divestitures

Exclusives

Noble Energy Deals GoM In ‘Last Major’ Portfolio Tweak

Fieldwood Energy will purchase Noble’s GoM assets in a deal valued at $710 million, including $480 million in cash and $230 million in assumed liabilities.

February 15, 2018

Linn Energy Hits Another High Note With West Texas Asset Sale

Linn Energy has sold more than $1.8 billion in assets as it prepares to divide into three companies, including one in the Oklahoma Stack.

February 14, 2018

NAPE Buzz: Cautious Optimism, Deal Discussions

The Hart Energy video team brings a closer look from the exhibit floor at the 2018 NAPE Summit, which drew more than 12,000 attendees this year to downtown Houston.

February 13, 2018

WildHorse Jumps To Eagle Ford Shale With Louisiana Asset Sale

WildHorse Resource Development sold about 90,000 net acres in North Louisiana for $217 million, with net proceeds to prop up drilling in the Eagle Ford Shale where the company also bought acreage.

February 12, 2018

A&D - E&P

US Sets Largest Offshore Oil, Gas Lease Auction For March

The Interior Department said it would offer 77.3 million acres offshore Texas, Louisiana, Mississippi, Alabama and Florida, an auction that includes all available unleased areas in the Gulf of Mexico.

February 16, 2018

Drillinginfo's Allen Gilmer Talks Oil Patch Trends

Drillinginfo Co-Founder and Executive Chair Allen Gilmer sat down with Hart Energy recently to give his outlook for U.S. oil and gas producers.

February 16, 2018

Spending Bill Expands Carbon Tax Credit, Boosting Oil Producers

Budget deal triples the tax credit for injecting carbon dioxide to bolster crude output.

February 16, 2018

Canada’s Cenovus Energy Posts Jump In Quarterly Profit

Oil producer Cenovus Energy Inc.’s said Feb. 15 its fourth-quarter profit soared, as production nearly doubled and the Canadian company reined in expenses.

February 15, 2018

Insight

Oil Prices Near One-Week High On Weak Dollar, Stocks Rally

Also supporting oil prices was a statement from the UAE energy minister late on Feb. 15 saying oil producers led by Saudi Arabia and Russia aimed to draft an agreement on a long-term alliance by year-end.

February 16, 2018

Deepwater Vs. Onshore Depends On ‘Flavor Of The Month’

At the recent NAPE Global Business Conference, panelists from Hess and Akin Gump gave insight on what plays into developing resources in the Lower 48 or international deepwater.

February 15, 2018

EIA: US Crude Stocks Rise, Even As Cushing Is Cut In Half

The most notable action last week took place in the storage hub of Cushing, Okla., where crude stocks fell by 3.6 million barrels, the EIA said.

February 14, 2018

Saudi Arabia To Restrain Oil Exports In March; Remains Confident Cuts Will Stabilize Market

Saudi Arabia's Energy Minister Khalid al-Falih sounded an upbeat note even after the price drop, saying on Feb. 14 he was sure cooperation between OPEC and its non-OPEC allies will continue to stabilize the market.

February 14, 2018

Joint Ventures

WildHorse Lands $8 Million Grant For DOE Study In Eagle Ford Shale

WildHorse Resource Development Corp. (NYSE: WRD) said on Jan. 18 it has been selected for a department of energy study, alongside the Texas A&M Engineering Experiment Station (TEES), to develop a new field laboratory in the Eagle Ford Formation.

January 19, 2018

Noble Midstream Partners, Greenfield Midstream Form JV To Buy Saddle Butte Pipeline

New JV purchases pipeline for $625 million.

December 12, 2017

Comstock Resources Expands Haynesville Shale JV With Bossier Wells

The JV between Comstock and a NextEra subsidiary, USG Properties, will now include four wells targeting the Bossier Formation in Sabine Parish, La.

October 11, 2017

Chaparral Energy Supercharges Stack Capex With JV

Chaparral will temporarily trade much of its working interest to Bayou City Energy in exchange for up to $100 million in capex.

September 27, 2017

Mergers & Acquisitions

Granite Construction To Acquire Layne Christensen In $565 Million Stock Deal

Deal positions Granite as a national leader across both transportation and water infrastructure markets

February 14, 2018

Midstates Petroleum Makes Public Pitch To Merge With SandRidge

The proposal calls for Midstates to offer SandRidge investors 60% of the company but manage the combined assets in what Midstates says would be the largest Mississippian Lime E&P.

February 6, 2018

Shell Buying Spree Cranks Up Race For Clean Energy

Royal Dutch Shell (NYSE: RDS.A) has spent over $400 million on a range of acquisitions in recent weeks, from solar power to electric car charging points, cranking up its drive to expand beyond its oil and gas business and reduce its carbon footprint.

January 26, 2018

Douglas Atnipp Joins Winston & Strawn In Houston

Atnipp brings expertise in oil and gas to Winston & Strawn transactions practice.

January 18, 2018

Midstream

Enbridge Seeks To Double 2018 Sales Of Noncore Assets

Canadian pipeline operator aims to sell assets valued at C$8 billion.

February 15, 2018

Trump Nominee For Key Post Says He Would Oppose Russia Pipeline

State Department nominee advocates other ways to decrease Europe’s dependence on Russian gas.

February 15, 2018

A Year Into OPEC Production Cuts, Asia's Oil Markets Have Tightened

Reduced volumes of oil in storage indicate that production restraint by OPEC, Russia is effective.

February 15, 2018

Appalachia Eyes Demand-Driven Projects

As costs rise in the Marcellus-Utica, operators seek arrangements on how to manage expenses.

February 15, 2018

Service & Supply

Apollo Backs Frack Sand Logistics Provider Tidewater With Capital Investment

Tidewater Logistics said the capital investment by Apollo will fund a pipeline of new customer and expansion opportunities. The terms of the transaction weren't disclosed.

February 16, 2018

Dover Wellsite Business To Be Named Apergy

Dover's spin-off transaction for its "Wellsite" upstream energy businesses, on track for completion in May,  will be named Apergy and be headquartered in The Woodlands, Texas.

February 16, 2018

Vallourec Drilling Products Cuts About 150 Jobs In Texas

Vallourec specializes in making tubular products for the energy and other industrial sectors. It has about 19,000 employees worldwide, while its drilling products division employs roughly 600 people.

February 14, 2018

Blue Wolf Capital Buys Majority Stake In Production Equipment Provider Petrosmith

The investment, which is the New York-based firm’s first since closing Blue Wolf Capital Fund IV LP  at its hard cap of $540 million in September 2017, is expected to facilitate rapid expansion at Petrosmith.

February 12, 2018