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Flint Hills to Expand Storage and Outbound Crude Loading Capacity at Storage Terminal, Texas
September 5, 2018
Flint Hills Resources plans to expand storage and outbound crude loading capacity at its storage terminal in Ingleside, Texas to approximately 380,000 barrels per day. The project currently consists of construction of four new crude storage tanks, 60,000 barrels per
PennEnergy to Acquire Assets of Appalachian Basin Operator Rex Energy for $600 Million
September 4, 2018
PennEnergy Resources, a Pennsylvania-based natural gas producer, has agreed to acquire almost all the assets of its rival Rex Energy for $600.5m in an-cash deal. Rex Energy, which is also based in Pennsylvania, had recently filed for bankruptcy. Its transaction
Canadian Natural Resources Ltd. to Acquire Total’s Joslyn Oil Sands Project for $172 Million
September 4, 2018
Total, together with its partners, has agreed to sell the Joslyn oil sands project in Alberta, Canada, to Canadian Natural Resources Limited (CNRL) for $172.1m. Following the oil price fall in 2014, the Joslyn project partners decided to put its
Ascent Resources Completes Acquisition of CNX and Hess’ Utica Shale Play Assets for $400M
September 4, 2018
CNX Resources and Hess have completed their previously announced sale of their Ohio Utica joint venture interests in the shale play in eastern Ohio, US for around $400m to Ascent Resources. The deal involves sale of 39,000 net acres to
Hunter Oil Sells Oil and Gas Operations to Pacific Energy for $21.3 Million
September 4, 2018
Hunter Oil has completed the sale of its oil and gas operations to Pacific Energy Development, Nevada corporation and a wholly-owned subsidiary of PEDEVCO. The aggregate purchase price paid for the Assets was USD $21,315,636 (the “Purchase Price”), being approximately
Eclipse Resources and Blue Ridge to Merge to Create $1.4 Billion Utica-focused Gas Operator
August 30, 2018
US oil and gas companies Eclipse Resources and Blue Ridge Mountain Resources have agreed to merge in an all-stock transaction to create a major Utica-focused gas operator with an enterprise value of around $1.4bn. Under the terms of the merger,
Morgan Stanley Energy Partners Invests in Catalyst Energy Services
August 30, 2018
Morgan Stanley Energy Partners (MSEP) has formed a partnership with Catalyst Energy Services, whereby MSEP will invest in Catalyst to support its growth in pressure pumping and other complementary services in US oil and gas basins. Proceeds from MSEP’s investment
NTE Energy’s $500M Kings Mountain Energy Center Begins Operations, North Carolina
August 29, 2018
Cleveland County officially became home to one of the cleanest and most efficient power plants in the nation today, as NTE Energy’s Kings Mountain Energy Center (KMEC) formally began operations. Officials from NTE Energy joined with city, county, and state
Evolution Midstream Continues Expansion in Powder River Basin With New State of the Art Facility
August 29, 2018
Evolution Midstream, LLC has broken ground on its Jewell Facility, a natural gas processing plant in Converse County, Wyoming in the heart of the Powder River Basin (PRB). Strategically located nearby Evolution’s existing infrastructure in the PRB, the Jewell Facility
FERC Approves Commissioning of Two More Spreads of Energy Transfer’s Rover Gas Pipeline
August 28, 2018
The US Federal Energy Regulatory Commission (FERC) has approved Energy Transfer Partners’ (ETP) request to place the Burgettstown and Majorsville supply laterals of its $4.2bn Rover gas pipeline into service with immediate effect. The regulatory body also gave its consent
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