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Ring Energy to Acquire Wishbone Energy’s North Central Basin Assets for $300 Million
March 4, 2019
Ring Energy is purchasing the assets for a total price of $300 million, comprised of $270 million of cash and $30 million of common stock of Wishbone Energy. The deal is expected to close early in the second quarter of
Enterprise Begins Service on Shin Oak NGL Pipeline, Texas
March 1, 2019
Enterprise Products Partners has placed its Shin Oak natural gas liquids mainline into service from Orla, Texas in Reeves County to its NGL fractionation and storage complex at the Mont Belvieu hub. The 24-inch diameter pipeline has an initial capacity
Hess Midstream Partners to Acquire Tioga Gathering System for $60 Million
February 28, 2019
Hess Midstream Partners LP, today announced that its subsidiary, Hess North Dakota Pipelines LLC entered into an agreement to purchase the crude oil and gas gathering assets of Summit Midstream Partners’ Tioga Gathering System for cash consideration of approximately $60
Five Point and Matador Form JV San Mateo Midstream II to Expand Midstream Portfolio
February 28, 2019
Five Point Energy and Matador Resources have created their second midstream joint venture (JV) in the Northern Delaware Basin, called San Mateo Midstream II (San Mateo II), to expand their midstream portfolio in the region. San Mateo II will offer
First Reserve Signs Agreement to Acquire Weir Flow Control
February 28, 2019
First Reserve, an international private equity investment firm focused on energy, has announced an agreement to purchase Weir Flow Control (WFC) from The Weir Group (Weir). First Reserve is expected to close the transaction in the second quarter of 2019,
U.S. Appeals Court Refuses to Reconsider Judgment on $7 Billion Atlantic Coast Pipeline
February 28, 2019
A US appeals court has refused to reconsider its judgment in December 2018 on the $7 billion Atlantic Coast Pipeline in which it ruled that the US Forest Service “lacked authority” to give approval for the pipeline to cross the
KBR Awarded Engineering Contract for Pointe LNG Export Facility, Louisiana
February 28, 2019
Pointe LNG has awarded an engineering and technical services contract to KBR for its proposed LNG export facility to be built with an estimated investment of $3.2 billion in Plaquemines Parish, Louisiana. Under the contract, KBR will provide front end
RS Energy Group and Anadarko AAET Team Hit Exceptional Data Blending Milestone
February 27, 2019
RS Energy Group (RSEG), the leading provider of energy technology and advanced analytics, achieves blended data milestone with Anadarko Petroleum Corporation’s (APC) Advanced Analytics and Emerging Technologies (AAET) team by integrating proprietary analytical tools with synthesized, disparate data sources. “Harnessing
Fracking Sand Industry On the Rise in Permian Basin
February 26, 2019
One important asset of the oil boom that is often overlooked is the frac sand industry. Atlas Sand Monahans’ Plant Manager, Moe Connell, says the demand of frac sand has been on a steady rise, hand-in-hand with the demand of
Crude Oil Exports Hit Record High Last Week at 3.6 Million Barrels a Day
February 26, 2019
The United States exported a record amount of crude oil last week, as output from the nation’s shale fields continues to surge. The nation shipped out just over 3.6 million barrels a day in the week through Feb. 15, according
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