Acquisitions Divestitures

Exclusives

The Pure-Play Risk For Shale Industry

Specialization works—until it doesn’t. Oil and gas specialists would be wise to consider these hidden risks in pursuing the pure-play strategy.

January 31, 2019

Core Wattenberg Operator Nonop Sale Among Few January Deals

PetroShare’s sale of nonop interest in Colorado’s Wattenberg Field marks only the third upstream A&D deal in the U.S. publically announced so far this year.

January 29, 2019

A&D Trends: Free-Market Farce

Big ticket, stock-heavy M&A overshadowed low-volume asset deals late in the year—and investors shunned both.

January 29, 2019

HEADLINES: Venezuela's Potential Impact; EQT's CEO On 2019

Plus, QEP Resources recently engaged Evercore to explore a sales process following a surprise takeover bid by activist investor Elliott Management in early January.

January 24, 2019

A&D - E&P

HartEnergy.com: We’re In This Together

Meet the team that is building the most comprehensive energy news and information site in the industry. And, you’re on it.

February 1, 2019

BP Agrees To Greater Climate Disclosure

BP has agreed to disclose how its spending plans, emissions policies and broader business strategy align with the Paris climate agreement.

February 1, 2019

EIA: US Crude Production In November Rose To 11.9 Million bbl/d

U.S. crude oil production rose to a new high of 11.9 million barrels per day (MMbbl/d) in November, up 345,000 bbl/d from the previous month, the U.S. Energy Information Administration said in a monthly report on Jan. 31.

February 1, 2019

Chesapeake Energy Closes Nearly $4 Billion Acquisition Of Eagle Ford Producer WildHorse

Chesapeake Energy completed its acquisition of WildHorse Resource Development Corp. on Feb. 1, creating an Eagle Ford oil producing powerhouse.

February 1, 2019

Insight

Unstoppable And Unguardable?

As the NBA season winds its way to the finals in April, sports commentators have noted how much Houston Rockets star James Harden (aka The Beard) has wowed fans with his incredible performance.

February 1, 2019

Earth Litigation

Sea rise, earthquakes and coastal erosion are among court claims against hydrocarbon producers. These have failed, but the fossil-fuel industry should prepare for ensuing try-try-again attempts.

February 1, 2019

Oil, Gas Industry Kicks IoT Into Gear, Snowballing Heavy Cash Flow

The Internet of Things has far surpassed just simmering in the industry and is overflowing with cash for oil and gas giants, analytics show.

January 28, 2019

E&P Sector Outlook: Living ‘The New Order’

The time is now for public E&Ps to meet investors’ new expectations, says Oil and Gas Investor Editor-in-Chief Steve Toon.

January 25, 2019

Joint Ventures

Anadarko Signs Long-Term Deal With CNOOC For Mozambique Gas

Anadarko Petroleum Corp said on Feb. 1 a long-term agreement had been signed with the trading division of China's state-owned offshore oil and gas producer CNOOC Ltd to supply LNG from Mozambique.

February 1, 2019

Exxon Mobil, Plains All American To Build Permian Crude Pipeline

A joint venture between Exxon Mobil, Plains All American and Lotus Midstream has agreed to build a new crude pipeline to connect the Permian Basin in West Texas to the Texas Gulf Coast.

January 30, 2019

Drillinginfo Partners With Hart Energy’s Rextag For New Midstream Analytics Service

Drillinginfo formed a new strategic collaboration with Hart Energy’s Rextag unit to create a combined midstream business product dubbed Drillinginfo Midstream Infrastructure.

January 29, 2019

ADNOC Seals $5.8 Billion Refining/Trading Deal With ENI, OMV

‘One-of-a-kind’ deal diversifies partners’ interests.

January 28, 2019

Mergers & Acquisitions

Ophir Energy Agrees To $511 Million Takeover Offer By Medco

Ophir Energy agreed to be bought out by Indonesian oil and gas group Medco Energi for a sweetened bid of 390.6 million pounds (US$511.02 million) in cash.

January 30, 2019

King & Spalding Adds Alan Noskow As Corporate Partner In D.C.

King & Spalding on Jan. 29 announced that Alan Noskow has joined as a partner in the firm’s Corporate, Finance and Investments practice group in the Washington, D.C. office.

January 29, 2019

Exxon Mobil Addresses License To Operate Amidst Permian Basin Growth

As XTO Energy, Exxon Mobil’s subsidiary, grows production in the Permian Basin, it is also working to address water, emissions and quality of life concerns in the region.

January 25, 2019

Ophir Energy Rejects Medco's $437 Million Takeover Offer

Ophir Energy rejected Indonesian oil and gas group Medco Energi's potential takeover offer, saying it "undervalues" the British oil and gas company.

January 14, 2019

Midstream

Permian WTI Crude Oil Futures Sets ICE Trading Record

Volume of 1,953 contracts breaks previous mark set earlier in January.

February 1, 2019

Sempra Texas Port Arthur LNG Export Plant Passes Environmental Test

FERC says environmental impact would be at ‘less-than-significant’ levels.

February 1, 2019

Magellan Cancels Plan For Short-Haul Oil Pipeline In West Texas

The Tulsa-based company plans to pursue a lower-cost project to meet shipper needs in an effort to be more capital efficient, its CEO told investors on a conference call.

January 31, 2019

HEADLINES: Traders Deciphering Venezuelan Sanctions; Moda's VLCC Loading Berth

How producers may be organizing around some common themes in 2019, plus a look ahead to Hart Energy’s new video program launch. 

January 31, 2019

Service & Supply

Shares Of Weatherford Jump As Wall Street Shrugs Off Earnings

Oilfield services provider Weatherford, which has not reported a quarterly profit in four years, has struggled under the weight of a massive debt load since oil prices crashed in 2014.

February 1, 2019

Weir Group Reportedly Close To Selling Unit For About $390 Million

Weir Group is close to selling a unit, which supplies pumps and valves to power and oil and gas industries, a source with knowledge of the matter told Reuters.

January 31, 2019

Energy Capital Markets Endure Worst Quarter This Decade

Last year ended with the worst quarter for upstream equity issuances since 2010 as only two equity deals raised $67.5 million.

January 30, 2019

BHGE Aims To Lower CO2 Equivalent Emissions To Net Zero By 2050

Baker Hughes, a GE company (NYSE: BHGE), has committed to reducing its CO2 equivalent emissions 50% by 2030, achieving net-zero CO2 equivalent emissions by 2050, the company said Jan. 28 in a news release.

January 28, 2019