Acquisitions & Divestitures - Joint Ventures
Morgan Stanley report examines which stocks are best positioned to benefit from monetization trend.
S.T.L. Resources, an independent oil and gas company focused on Appalachian Basin assets, announced it recently closed on a strategic partnership with an affiliate of UGI Energy Services.
ExxonMobil signs a letter of intent; XTO Energy to be a shipper on pipeline.
Altus Midstream will open with a market value of $3.5 billion as it becomes a power player in the Permian Basin.
Franco-Nevada will pay Continental about $220 million for a stake in a newly-formed subsidiary focused on minerals acquisitions in Oklahoma's Scoop and Stack shale plays.
The system is designed to add additional grades of crude oil as necessary.
Osaka Gas will acquire a 30% stake in Sabine Oil & Gas' East Texas shale gas project targeting the Cotton Valley Sand and Haynesville Shale formations.
The new JV between Saudi Aramco and National Oilwell Varco, known as NOV, aims to produce 10 onshore rigs per year, Aramco said.
Peter Coleman, who was speaking at the World Gas Conference in Washington, said the project’s ability to provide Woodside with an adequate return is “very challenged.”
Pouyanne said Total is investing in the entire natural gas chain from production to liquefaction for overseas shipping, to sale as a fuel for power, petrochemicals and transport.
Kinder Morgan, EagleClaw and Apache signed a letter of intent to develop the project expected to provide attractive, broad U.S. Gulf Coast market optionality for Permian gas production.
Also this week, Phillips 66 to expand Texas NGL project. Meanwhile, Exxon Mobil and Plains pursue Permian pipeline JV and Pioneer sells Colorado assets.