Oil, Gas and Shale
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NuStar Acquires Crude Oil Gathering, Transportation, Storage Assets in Permian Basin for $1.475B

May 25, 2017

NuStar Energy L.P. has closed on the purchase of Navigator Energy Services, LLC for approximately $1.475 billion. With the purchase, NuStar now owns and operates crude oil transportation, pipeline gathering and storage assets located in the Midland Basin of West

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Fairway Energy Commences Commercial Operations at Pierce Junction Crude Oil Storage Facility, Texas

May 25, 2017

Fairway Energy Partners, LLC has commenced initial commercial operation at its Pierce Junction Crude Oil Storage Facility. The project will serve the Houston area’s crude oil storage needs driven by the significant growth of pipeline-delivered crude oil into and through

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Tallgrass Energy Acquires Additional Stake in Rockies Express Pipeline for $400 Million

May 25, 2017

Tallgrass Energy Partners, LP has acquired an additional 24.99 percent membership interest in Rockies Express Pipeline LLC (REX) from Tallgrass Development, LP for cash consideration of $400 million. The acquisition increases TEP’s ownership interest in REX to approximately 50 percent.

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Meritage Midstream Subsidiary Acquires Devon Energy’s Midstream Assets, Wyoming

May 25, 2017

Meritage Midstream Services II, LLC and its subsidiary Thunder Creek Gas Services, L.L.C., has acquired certain midstream assets located in the southern part of Wyoming’s Powder River Basin from Devon Energy Production Company, L.P., a wholly owned subsidiary of Devon

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Tall Oak Midstream Expands Natural Gas Gathering, Processing Footprint in Oklahoma’s STACK Play

May 25, 2017

Tall Oak Midstream II, LLC has executed an aggressive growth plan to meet producers’ natural gas and crude gathering needs in Oklahoma’s Northwest STACK play. The buildout of Tall Oak’s Midcon System will span seven counties in northwest Oklahoma: Alfalfa,

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Magnetar Capital to Invest $250 Million in Lucid Energy Group

May 25, 2017

Midstream provider Lucid Energy Group has secured a preferred equity commitment of up to $250 million from Magnetar Capital, a leading alternative asset manager with assets under management of $13.8 billion. Magnetar’s investment will provide Lucid with additional growth capital

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Halliburton, Trendsetter and C-Innovations Form Gulf of Mexico Subsea Alliance

May 25, 2017

Halliburton, Trendsetter Engineering and C-Innovations have formed a strategic alliance to provide Gulf of Mexico (GOM) customers with technologically advanced, integrated offshore well intervention packages. The alliance leverages the companies’ strengths to create subsea solutions for hydraulic interventions. The combined

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Diversified Gas & Oil to Acquire Titan Energy’s Appalachia and Marcellus Assets for $84.2 Million

May 24, 2017

Titan Energy, LLC said Friday it is selling its conventional Appalachia and Marcellus assets to Diversified Gas & Oil PLC for $84.2 million. The company said in a news release the transaction includes 8,400 oil and gas wells across Pennsylvania,

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Kalnin Ventures Acquires Marcellus Shale Wells in $16.25 Million Deal, Pennsylvania

May 24, 2017

Kalnin Ventures LLC is purchasing interest in 34 wells in the Marcellus shale, the fourth such acquisition in just over 22 months in the oil and gas play. The wells are located in Wyoming County, Pennsylvania, in the northeastern corner

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Ex-coal CEO Don Blankenship Seeks Vindication in Mine Blast After Year in Prison

May 24, 2017

After finishing a one-year prison sentence, a former West Virginia coal executive has wasted no time resuming a campaign for vindication in the deadliest U.S. mine disaster in four decades. In a phone interview Friday, ex-Massey Energy CEO Don Blankenship

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