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Pennsylvania DEP Allows Work on Energy Transfer’s Revolution Pipeline to Start Back Up
October 6, 2020
The Pennsylvania Department of Environmental Protection has given Energy Transfer, the Texas-based pipeline company, the go-ahead to re-route the Revolution Pipeline. The new route will avoid the site of the September 2018 blast that occurred on a section of the
Devon Energy Completes Sale of Barnett Shale Assets for $320 Million
October 5, 2020
Devon Energy has completed the sale of its assets in the Barnett Shale to Banpu Kalnin Ventures (BKV). Devon received a cash payment of $320 million from BKV at closing. The sale agreement with BKV provides Devon the opportunity for
Inland Pipe Rehabilitation Acquires Murphy Pipeline Contractors
October 5, 2020
Inland Pipe Rehabilitation (IPR), a portfolio company of an investment affiliate of J.F. Lehman & Company (JFLCO), has completed the acquisition of Murphy Pipeline Contractors. Founded in 1973, IPR is a leading provider of trenchless pipe rehabilitation solutions and technology
Blackbuck Resources Acquires Cimarex Energy’s Whites City Water Infrastructure, New Mexico
October 5, 2020
Blackbuck Resources has closed on a transaction to purchase Cimarex Energy’s Whites City water infrastructure in Eddy County, New Mexico. The acquired assets include approximately 65 miles of pipeline and 100,000 barrels per day of installed and permitted disposal capacity.
U.S. Rig Count Rises for Third Consecutive Week
October 5, 2020
U.S. energy firms last week added oil and natural gas rigs for a third week in a row for the first time since October 2018 after price increases in recent months prompted some producers to start drilling again. The oil
Holly Energy’s Subsidiary Frontier Aspen Launches Open Season to Assess Shipper Interest
October 2, 2020
Holly Energy Partners’ wholly-owned subsidiary, Frontier Aspen (Carrier), is conducting a binding open season to assess shipper interest in committed crude oil interstate transportation service of expansion capacity that Carrier is considering developing on its existing pipeline, from origin points
Black Bear Transmission Sells Ozark Natural Gas Gathering Assets
October 2, 2020
Black Bear Transmission has completed the divestiture of all the assets owned by Ozark Gas Gathering (OGG) to an undisclosed buyer. Black Bear is a portfolio company of the second Basalt fund. This divestiture follows two bolt-on acquisitions completed by
U.S. Energy Corp. to Acquire FieldPoint’s Assets in Mexico and Wyoming
October 2, 2020
U.S. Energy Corp. has entered into an asset purchase agreement and closed a transaction to acquire operated and non-operated producing assets primarily located in Lea County, New Mexico and Converse County, Wyoming. The acquired properties consist of select upstream assets
NGL Energy Partners Commissions Poker Lake Express Pipeline, New Mexico
October 2, 2020
NGL Energy Partners has begun receiving produced water from XTO Energy’s (a subsidiary of ExxonMobil Corporation) Poker Lake Development in the Delaware Basin. These volumes represent full commissioning of NGL’s 30-inch pipeline, Poker Lake Express, which has been constructed to
Inter Pipeline to Acquire Plains’ Milk River Pipeline System for $35 Million
October 1, 2020
Inter Pipeline has agreed with Plains Midstream Canada, a wholly owned subsidiary of Plains All American Pipeline, to acquire the Milk River pipeline system. The company is acquiring the pipeline system in exchange for its 100 percent stake in the
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