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Development Capital Resources Forms $165 Million Development JV in Permian Basin
June 25, 2019
Development Capital Resources announced that a DCR-managed subsidiary, capitalized by funds managed by affiliates of Ares Management, has entered into a drilling and development joint venture with a private operator in the Permian Basin. The DCR-managed entity will invest up
Profire Energy to Acquire Millstream Energy Products
June 24, 2019
Profire Energy, a technology company which creates, installs and services burner and chemical management solutions in the oil and gas industry, announced its wholly-owned subsidiary, Profire Combustion entered into a definitive agreement to acquire substantially all of the assets of
Converge Midstream Acquires Fairway Energy Partners
June 24, 2019
Converge Midstream LLC, a crude oil storage and transportation company affiliated with Riverstone Credit Partners, announced today that it has completed the acquisition of the assets of Fairway Energy Partners, LLC . On November 26, 2018, Fairway filed a voluntary
HOP Energy Acquires Kosco Heritage Energy
June 24, 2019
HOP Energy, the largest privately-owned specialty distributor of heating oil, propane, and other petroleum products, has completed the acquisition of Kosco Heritage Energy (KHE). Founded over 50 years ago and based in Kingston, NY, KHE primarily engages in the distribution
Quorum Software Acquires Dallas-based Archeio Technologies
June 21, 2019
Quorum Software (Quorum), a Thoma Bravo portfolio company and the leader in digital transformation for the oil and gas industry, has acquired Dallas-based Archeio Technologies, the leading provider of oil and gas document classification and smart search technology. The acquisition
NuStar Energy Launches Binding Open Season for Expansion of Its Valley Pipeline System, Texas
June 21, 2019
NuStar Energy has launched its binding open season for committed refined product transportation on the expanded capacity of its Valley Pipeline System in South Texas. The Valley Pipeline System is an approximately 196-mile refined products pipeline from the Corpus Christi,
Brazos Midstream Executes Delaware Basin Gathering System Agreement with Shell Exploration
June 21, 2019
Brazos Midstream has executed gathering and processing agreements with Shell Exploration & Production to construct a new natural gas gathering system located in the core of the Delaware Basin. Brazos’ new midstream infrastructure is anchored by fifteen year, fee-based acreage
Canadian Government Approves Trans Mountain C$7.4 Billion Expansion Project
June 20, 2019
The Canadian government has approved Kinder Morgan’s C$7.4 billion (£4.41 billion) Trans Mountain expansion project (TMX project) citing that the pipeline expansion project is in national interest and will address environmental concerns associated with it. TRANS MOUNTAIN PIPELINE EXPANSION PROJECT
Oilfield Services Firms C&J Energy and Keane Sign $1.8 Billion Merger Deal
June 20, 2019
C&J Energy Services has agreed to merge with rival Texas-based oilfield services provider Keane Group in an all-stock deal to create a diversified oilfield services company worth around $1.8 billion (£1.44 billion), which includes net debt of $255 million (£203.42
GlobalData Report: Oil and Gas Looking to Robotics to Boost Productivity
June 20, 2019
Several major oil and gas firms are looking to use robotics and automation as a means to solve several complex challenges faced by the industry. Automation began entering the oil and gas industry in the 1990s Amid volatile crude prices,
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