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Blackstone Energy Partners Acquires Ulterra Drilling Technologies
November 2, 2018
Blackstone Energy Partners has entered into binding agreements to acquire a controlling, majority interest in Ulterra Drilling Technologies from affiliates of American Securities. American Securities and certain members of management will retain a minority equity interest in the company going
Nine Energy Service Completes Acquisition of Magnum Oil Tools for $493 Million
November 2, 2018
Nine Energy Service, Inc. has officially completed the acquisition of Magnum Oil Tools International, a market-leading downhole technology provider serving the global oil and gas industry for over a decade. Magnum has a broad offering of proprietary downhole completions products,
Salt Creek Midstream Secures $650 Million to Advance Delaware Basin Assets
November 2, 2018
Salt Creek Midstream, a portfolio company owned by funds managed by the private equity group of Ares Management and ARM Energy Holdings has closed a four-year, $650 million term loan through Deutsche Bank. The proceeds will fund the continuing development
Whiteford Expands in Pittsburgh with Addition of Oil and Gas Group
November 2, 2018
Whiteford Taylor & Preston continued expansion of its Pittsburgh office with the addition of an oil and gas group led by Dennis R. Very and including Robert J. Waine. “We are very pleased to welcome Dennis and Bob to the
East Daley: Lack of New Oil and Gas Infrastructure in U.S. Limits Upside for Midstream Companies
November 2, 2018
East Daley Capital Advisors, Inc., an energy information and insights provider that is redefining how markets view risk for midstream and exploration and production (E&P) companies, released their Consensus Comparison Report for third quarter earnings that highlights East Daley’s views
Florida Could Add Offshore Drilling Ban to State’s Constitution in Upcoming Election
November 1, 2018
Florida voters could add a near-shore oil-drilling ban to the state’s constitution this November — reinforcing a prohibition already in state law. Amendment 9 on the Nov. 6 ballot would add constitutional language to bar “drilling for exploration or extraction
Oil Output on Federal Lands Hits Record During Trump’s Second Year
November 1, 2018
By the end of Obama’s second term, the number of new wells drilled on federal lands fell 83 percent from 2008, according to Bureau of Land Management (BLM) data from 2017. New leases fell 78 percent and the number of
Denbury Resources to Acquire Penn Virginia for $1.7 Billion
November 1, 2018
Eagle Ford Shale oil and gas driller Penn Virginia Corp. is being bought by Plano-based Denbury Resources Inc. for $1.7 billion, including debt. The Houston oil and gas driller Penn Virginia Corp. was bought Sunday in a stock and cash
Deloitte: Oil and Gas Optimism Rises for 2019
November 1, 2018
The industry has finally moved past years of “cautious optimism” to a less delicate approach. Oil and gas executives are largely optimistic about the 2019 outlook for the industry, reveal findings from a new Deloitte survey. According to Deloitte’s 2018
PUC Approves Minnesota Power’s Planned Natural-gas Plant
November 1, 2018
Minnesota regulators voted in favor of Minnesota Power’s proposed $700 million natural gas plant in Superior. At a meeting in St. Paul Monday afternoon, the Minnesota Public Utilities Commission voted 3-2 to approve Minnesota Power’s proposed Nemadji Trail Energy Center,
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