Acquisitions & Divestitures - Joint Ventures

HEADLINES: Saudi Energy Minister Calls OPEC Output Boost ‘Inevitable’

Also this week, Phillips 66 to expand Texas NGL project. Meanwhile, Exxon Mobil and Plains pursue Permian pipeline JV and Pioneer sells Colorado assets.

June 14, 2018

BP Invests In Israeli Fast-Charge Battery Company

The investment, BP Ventures said, is part of a push to tap into the growth in electric vehicle technologies and infrastructure.

May 22, 2018

Congress May Get Tougher On Foreign Investors

Outwardly, U.S. shale seems a tough sell to Chinese NOCs these days, but their reluctance may have more to do with the scrutiny that has been brought on to NOCs for years.

May 14, 2018

EP Energy Modifies Permian JV To Focus On Eagle Ford Instead

The JV, formed in January 2017 between EP Energy and a subsidiary of Apollo Global Management LLC, was originally intended to drill up to 150 Wolfcamp wells.

May 8, 2018

W&T Offshore, Baker Hughes Team Up For GoM Drilling Project

The project utilizes a commercial model that consolidates BHGE engineering, products and services expertise in order to reduce total project costs and time to first production.

April 30, 2018

Canyon Creek Forms JV To Accelerate Arkoma Stack Drilling

Canyon Creek CEO Luke Essman said the JV partnership with Pivotal Petroleum Partners signals a renewed interest in the Arkoma.

April 20, 2018

Ares Management, ARM Energy Form JV To Develop Delaware Basin Midstream Company

Salt Creek will primarily be comprised of multiple cryogenic processing facilities, as well as gas and crude gathering pipelines, compression and treating facilities in the Delaware.

April 16, 2018

Chevron Green Lights Gorgon LNG Expansion Off West Australian Coast

Chevron Corp. (NYSE: CVX) will proceed with the second stage of its giant Gorgon LNG export plant off the northwest coast of Western Australia, the company said on April 14.

April 16, 2018

ExxonMobil, Qatar Reportedly In Talks For Potential US Shale Deal

The deal could take the shape of a joint venture in which Qatar could partner or invest in future wells with ExxonMobil's unit XTO Energy, the Wall Street Journal said.

April 10, 2018

Scrimmage Line: Comstock Sells Eagle Ford; Picks Up Cowboys Owner’s Cash

Dallas Cowboys owner Jerry Jones will invest $75 million in Comstock, but analysts throw down a penalty flag on Comstock’s Eagle Ford Shale divestiture and dilutive refinancing efforts.

April 3, 2018

Mach Resources Closes Acquisition Of Chesapeake's Mississippi Lime Assets

The transaction, which represents one of the three Midcontinent sales agreements Chesapeake disclosed earlier this year, includes operated producing properties concentrated in Woods and Alfalfa counties, Okla.

April 3, 2018

Oil Drilling Down On DrillCos

The game remains the same for drilling joint ventures in the oil and gas industry—only the players have changed, energy lawyer from Gibson, Dunn & Crutcher says.

March 26, 2018