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Encana to Acquire Newfield Exploration for $5.5 Billion
November 8, 2018
Canadian oil and gas company Encana has signed an agreement to acquire Newfield Exploration Company in a transaction valued at approximately $5.5bn. Following the completion of the transaction, Encana shareholders will hold nearly 63.5 percent of the combined company, while
Enterprise Breaks Ground on Mentone Gas Processing Plant in Delaware Basin
November 8, 2018
Enterprise Products Partners has started construction of the Mentone cryogenic natural gas processing plant located in Loving County, Texas. The facility, which is expected to begin service in the first quarter of 2020, will have the capacity to process 300
Colorado Voters Reject Curbs on Fracking
November 8, 2018
Colorado voters decided Tuesday to reject a measure that would have blocked drilling in most of one of America’s largest oil- and gas-producing states. Coloradans shot down a ballot initiative banning new oil and gas drilling within 2,500 feet of
Energy Transfer Receives FERC Approval for Final Two Laterals on Rover Pipeline, W. Va.
November 7, 2018
Energy Transfer said that Rover Pipeline received approval from the Federal Energy Regulatory Commission (FERC) to commence natural gas service on the final laterals needed to complete the Rover Pipeline project. The Sherwood Lateral, the CGT Lateral and the associated
Pioneer Natural Resources to Sell Its South Texas Sinor Nest Oil Assets for $132 Million
November 7, 2018
Pioneer Natural Resources Company has signed a purchase and sale agreement with an undisclosed third party to sell approximately 2,900 net acres in the Sinor Nest (Lower Wilcox) field for net proceeds of $132 million, subject to normal closing adjustments.
EagleClaw, Blackstone Energy, I Squared Capital Form Leading Delaware Basin Midstream Partnership
November 7, 2018
EagleClaw Midstream, funds managed by Blackstone Energy Partners, and I Squared Capital have executed and concurrently closed binding agreements pursuant to which I Squared Capital has committed over $500 million of cash and contributed its Delaware Basin midstream portfolio company,
Enterprise to Expand Mont Belvieu NGL Fractionation Capacity, Texas
November 7, 2018
Enterprise Products Partners makes plans for an incremental 150,000 barrels per day (BPD) expansion to its natural gas liquids (NGL) fractionation facilities at its Mont Belvieu complex. The expansion would increase Enterprise’s NGL fractionation capacity to 1 million BPD in
Nine Energy Service to Acquire Magnum Oil Tools for $493 Million
November 6, 2018
Nine Energy Service has entered into a definitive agreement to acquire Magnum Oil Tools International in a cash and stock deal worth $493 million. Magnum Oil Tools has been downhole technology provider serving the global oil and gas industry for
Gen6 Proppants to Develop New Frac Sand Mine, Northern Louisiana
November 6, 2018
Gen6 Proppants, a frac sand solutions provider, plans to develop a new frac sand mine to serve the Haynesville Shale region, with the acquisition of approximately 1,000 acres in Red River Parish in northern Louisiana. Permitting and procurement has begun
Enable Midstream Expands Its Crude Oil Gathering Business, Acquires Velocity for $442 Million
November 6, 2018
Enable Midstream Partners is significantly expanding its crude oil midstream business with agreements in two of the country’s most active crude plays. In the Anadarko Basin, Enable has signed a definitive agreement to acquire Velocity Holdings, an integrated crude oil
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