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Aqua America to Acquire Natural Gas Utility Peoples in $4.3 Billion Deal
October 25, 2018
Aqua America has signed an agreement to acquire Peoples for an enterprise value of $4.275bn, including the assumption of about $1.3bn of debt. The acquisition by the Pennsylvania-based water utility company Aqua America includes Peoples Natural Gas Company, Peoples Gas
Supernova Energy to Acquire Additional Oil Leases in Kentucky
October 25, 2018
Supernova Energy has entered into a letter-of-intent with a privately-held Kentucky corporation to acquire additional oil leases in Kentucky. The leases are oil producing and/or have significant oil production potential. All leases are held by production. The proposed lease purchase
Nostra Terra Acquires Tall City’s Mesquite Prospect in Permian Basin
October 25, 2018
Nostra Terra, a British oil and gas exploration and production company involved in the exploitation of hydrocarbon resources in the US and Egypt, has announced the acquisition of the Mesquite Prospect in the Permian Basin from Tall City Exploration III.
CSL-led Group to Acquire Weatherford Lab Services Business for $205 Million
October 25, 2018
Weatherford International, a US-based oilfield service company, has agreed to offload its laboratory services business to a consortium led by CSL Capital Management for $205m in an all-cash deal. As per the terms of the deal, Weatherford will sell its
BP Begins Production at Thunder Horse Northwest Expansion Project, Gulf of Mexico
October 23, 2018
BP has commenced production from the Thunder Horse Northwest Expansion project in the deepwater Gulf of Mexico. The Thunder Horse Northwest Expansion project was taken up to boost production at the Thunder Horse field in the Mississippi Canyon by an
Nalco Champion Partners with Accenture and Microsoft for Digital Platform to Downstream Customers
October 23, 2018
Nalco Champion, an Ecolab company, in collaboration with Accenture and Microsoft, has launched a new unified, digital platform for downstream oil and gas customers. The digital platform — Refined Knowledge powered by ECOLAB3D — to provide downstream refinery and petrochemical
Dominion Sand Plant Receives Grant for Road Access to Its Sand Mine and Plant, Missouri
October 23, 2018
A sand-mining company has received a $300,000 grant from the Delta Regional Authority to build a road to its facility, to be constructed in Cape Girardeau County, officials said. A news release from Delta Regional Authority lists the project’s DRA
Tallgrass and Silver Creek to Expand Powder River Basin Joint Venture
October 22, 2018
Tallgrass Energy and Silver Creek Midstream will expand their Powder River Basin joint venture (PRB joint venture) with the addition of the Powder River Express Pipeline and crude oil terminal facilities in Guernsey, Wyoming. Earlier this year, the two midstream
Earthstone Energy to Acquire Sabalo’s Northern Midland Basin Assets for $950 Million
October 19, 2018
Earthstone Energy has entered into an agreement with Sabalo Holdings, where Earthstone will acquire all of Sabalo Holdings’ interests in Sabalo Energy, whose assets include both producing and non-producing oil and gas assets in the northern Midland Basin. In addition,
GE and Clarke Energy to Supply Turnkey CHP Plant for Municipal Electricity Utility in Michigan
October 19, 2018
As phased decommissioning of coal plants and additional renewables integration into the grid have led to increased variability in the Midcontinent Independent System Operator (MISO)’s wholesale electricity segment, GE’s Distributed Power business and Clarke Energy — GE’s authorized Channel Partner
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