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Petroteq Completes Continuity Testing at Asphalt Ridge Facility, Canada
August 16, 2018
Petroteq Energy, an integrated oil and gas company, has completed continuity testing at its Asphalt Ridge facility and is making arrangements for continuous operations and marketing activities. “While the pricing and structure of the sales production/marketing strategy are yet to
Wisconsin Appeals Court Rejects Jackson County Frac Mine Challenge, Approves Go Ahead
August 16, 2018
A Wisconsin appeals court has rejected attempts by a group of landowners to block a proposed frac sand operation in western Wisconsin but may open a door for legal challenges based on damages that have yet to occur. Three families
Devon Energy Sells Non-Core Delaware Basin Acreage for $215 Million
August 15, 2018
Devon Energy Corp. has entered into a definitive agreement to sell 9,600 net acres of non-core Delaware Basin acreage in Ward and Reeves County to Carrizo Oil and Gas for $215 million. Net production from these properties is approximately 2,500
Diamondback Energy to Acquire Energen for $9.2 Billion
August 15, 2018
Diamondback Energy, Inc. and Energen Corporation have entered into a definitive agreement under which Diamondback will acquire Energen in an all-stock transaction valued at approximately $9.2 billion, including Energen’s net debt of $830 million as of June 30, 2018. The
EPIC Companies Acquires Ranger Offshore
August 15, 2018
EPIC Companies and Ranger Offshore have entered into a business combination of Ranger and Epic. EPIC is now a global, full service marine contractor, able to provide customer solutions worldwide. EPIC will continue to focus on serving all EPIC and
Apache and Kayne Anderson to Form $3.5 Billion Permian Basin Midstream Firm
August 14, 2018
US-based oil producer Apache and investment firm Kayne Anderson Acquisition (KAAC) have agreed to form a $3.5bn worth pure-play, Permian basin midstream company. The publicly traded entity, named Altus Midstream Company, will be anchored by Apache’s gathering, processing and transportation
Lotus Midstream to Acquire Occidental Petroleum’s Midstream Assets
August 14, 2018
Crude oil logistics provider Lotus Midstream has signed an agreement to acquire the Centurion pipeline system and a Southeast New Mexico crude oil gathering system from Occidental Petroleum. The Centurion pipeline system is an integrated network of approximately 4,828km of
NuVista Energy to Acquire Pipestone Assets from Cenovus for $478 Million
August 14, 2018
Canadian oil and gas company NuVista Energy has agreed to acquire the Pipestone and Wembley natural gas and liquids business of Cenovus Energy located in the Pipestone area of Northwest Alberta in Canada, for C$625m ($478.8m). The assets held by
Sempra Energy Launches North American Infrastructure Group
August 14, 2018
US-based natural gas utility firm Sempra Energy has formed a new operating group for its North American infrastructure businesses. It has also named Carlos Ruiz Sacristán chairman and CEO of the group, Sempra North American Infrastructure. Ruiz has served as
Exxon Mobil Signs Letter of Intent to Support Permian Highway Pipeline Project
August 10, 2018
Kinder Morgan Texas Pipeline (KMTP), EagleClaw Midstream Ventures, and Apache Corporation said that Exxon Mobil Corporation has signed a letter of intent to support the proposed Permian Highway Pipeline Project (PHP Project). Under the letter of intent, ExxonMobil subsidiary XTO
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