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BLM Colorado to Offer 26 Parcels in March Oil and Gas Lease Sale
January 30, 2020
The US Bureau of Land Management (BLM), Colorado is planning to offer 26 oil and gas lease parcels totaling about 30,548 acres during the March 2020 quarterly lease sale for exploration and production. With a ten-year term, the leases are
Hess Unveils $3 Billion Capital and Exploratory Budget for 2020
January 30, 2020
Independent energy firm Hess has unveiled its $3 billion exploration and production, capital and exploratory budget for 2020, allocating more than 80 percent for the high return investments in Guyana and the Bakken. From the $3billion budget for 2020, the
Camber Energy Submits Proposal to Acquire Viking Energy
January 30, 2020
Camber Energy has proposed to acquire rival Texas-based oil and gas company Viking Energy Group in an all-stock arm’s length transaction. In this connection, the two US oil and gas companies have entered into a non-binding letter of intent (LOI).
BCE-Mach III to Acquire Assets of Alta Mesa and Kingfisher Midstream for $320 Million
January 30, 2020
The transaction marks the first acquisition for the third partnership of Bayou City Energy Management and Mach Resources BCE-Mach III has signed purchase and sale agreements to acquire the assets of Alta Mesa and Kingfisher Midstream for $320 million. The
Encana Concludes Reorganization, Sets Up Corporate Domicile in U.S.
January 30, 2020
Oil and gas company Encana has completed a series of reorganization transactions including the establishment of its corporate domicile in the US, as part of its plan to compete in the broader markets. As part of the reorganization plan, the
Jordan Cove Energy Project Withdraws Application for Key Permit, Oregon
January 30, 2020
The Jordan Cove Energy Project, a subsidiary of Pembina Pipeline, has withdrawn an application seeking approval to build a removal-fill at its proposed LNG export terminal in Oregon, US. The project company, through a letter, withdrew the removal-fill application filed
Hilltop Opportunity Partners Completes Investment in Moser Energy Systems
January 29, 2020
Hilltop Opportunity Partners (HOP), the merchant banking investment arm of Dallas-based Hilltop Holdings, has acquired a non-controlling interest in family-owned Moser Energy Systems. This investment is in conjunction with an investment made by WestFront Capital Group in Moser. Moser is
Layne Water Midstream and Texas General Land Office Expand Long-Term Exclusive Water Agreement
January 29, 2020
Layne Water Midstream, a leading water midstream company in the Permian Basin, and the Texas General Land Office (“GLO”) amended their long-term agreement that provides Layne Water Midstream with additional exclusive rights regarding reuse and disposal of produced water on
Foremark Performance Chemicals Expands Triazine Production
January 29, 2020
Foremark Performance Chemicals has completed an expansion of its triazine manufacturing operations at its La Porte, Texas plant. The capacity increase reflects strong customer demand growth from both higher shale oil and gas production in North America as well as
Cheniere Energy Celebrates 1000th LNG Cargo Milestone
January 29, 2020
Cheniere Energy has produced and exported its 1000th cargo of liquefied natural gas (LNG). The 1000th cargo was exported within a four-year time period after startup, setting an industry record and making Cheniere the fastest producer in the world to
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