Oil, Gas and Shale
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NEWS Click on text to read news by category: General | Product | People | Worldwide

Jacobs to Acquire CH2M to Create Premier $15 Billion Global Solutions Provider

August 16, 2017

Jacobs Engineering Group Inc. and CH2M HILL Companies Ltd. have entered into a definitive agreement under which Jacobs will acquire all of the outstanding shares of CH2M in a cash and stock transaction with an enterprise value (EV) of approximately

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American Midstream Acquires Panther Asset Management for $52 Million

August 16, 2017

American Midstream Partners, LP has acquired 100 percent of the assets in Panther Asset Management, LLC for a total consideration of approximately $52 million. The consideration consisted of approximately $39 million cash from borrowings under the partnership’s revolving credit facility

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Tallgrass Energy Acquires Outrigger Energy’s Crude Oil Gathering System for $36M, Powder River Basin

August 16, 2017

Tallgrass Energy Partners, through its subsidiary Tallgrass Midstream, LLC (TMID) has closed on the acquisition of Outrigger Energy LLC’s crude oil gathering system in the Powder River Basin for approximately $36 million, subject to potential adjustments specified in the purchase

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Devon Energy to Divest Its Eagle Ford Play Assets for $340 Million, Texas

August 16, 2017

Devon Energy Corp. has entered into a definitive agreement to monetize its Lavaca County assets in the Eagle Ford play. Combined with other minor asset sales completed across its U.S. operations, proceeds from the company’s recently reported $1 billion divestiture

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Hilcorp Affiliate Completes Acquisition of ConocoPhillips’ San Juan Basin Assets, New Mexico

August 16, 2017

Hilcorp San Juan, L.P. has closed on its acquisition of the San Juan Basin assets from ConocoPhillips. The 1.3 million net acres purchase instantly places Hilcorp Energy amongst the top producers in the San Juan Basin. The company believes the

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Carrizo Oil & Gas Acquire ExL Petroleum’s Delaware Basin Assets for $648 Million

August 15, 2017

Carrizo Oil & Gas has completed the acquisition of Delaware Basin assets from ExL Petroleum for around $648m. Under the deal, Carrizo has purchased around 16,508 net acres situated in the Delaware Basin in Reeves and Ward Counties. The transaction

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Westcoast Energy Receives Approval for $170 Million Wyndwood Pipeline Expansion Project, Canada

August 15, 2017

Canadian economic regulatory agency National Energy Board (NEB) has given consent to Westcoast Energy’s (Spectra Energy Transmission) proposed $170m Wyndwood pipeline expansion project. NEB has approved Westcoast’s proposal to construct and operate 27km long Wyndwood pipeline expansion project. The approval

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Andeavor to Develop $225 Million Crude Oil Gathering Pipeline Project in Delaware Basin

August 15, 2017

Andeavor says that it is all set to launch the development of the Conan Crude Oil Gathering Pipeline system in the Delaware Basin with an investment of around $225m. The Texas-based petroleum refining company has secured sufficient commitments from third

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Fourchon Files for FERC Approval to Develop $888 Million LNG Project, Offshore Louisiana

August 15, 2017

Fourchon LNG, a subsidiary of Energy World, has officially started seeking regulatory approvals for its $888m liquefied natural gas (LNG) project in Port Fourchon, Louisiana. The Greater Lafourche Port Commission (GLPC) said that Fourchon LNG has filed a formal letter

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BP Makes Significant Gas Discovery at Mancos Shale Formation, New Mexico

August 14, 2017

British oil major BP has made a major gas discovery in the Mancos shale formation of the San Juan Basin in New Mexico near the Colorado border. Having brought the highly productive natural gas well online, BP said that the

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