Oil, Gas and Shale
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Report: Banning Oil and Gas Production in Colorado Would Cost State Billions

June 26, 2018

A ballot measure proposed in Colorado would lock away $180 billion worth of oil and gas in the ground and cost mineral rights owners roughly $26 billion, according to a study commissioned by the Colorado Alliance of Mineral and Royalty

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OPEC Bows to Trump’s Demand for Cheaper Oil

June 25, 2018

Just nine days after U.S. President Donald Trump criticized the Organization of the Petroleum Exporting Countries (OPEC) for keeping oil prices too high, ministers meeting in Vienna agreed to boost oil output by about 600,000 barrels a day. Analysts estimate

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Caliche Development to Expand NGL Storage Facility in Beaumont, Texas

June 25, 2018

Caliche Development Partners has revealed its plans to expand its natural gas liquids (NGL) salt dome cavern storage facility in Beaumont, Texas. The expansion will include a new five-million-barrel cavern for ethane storage, with up to 120,000 barrels per day

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Shale Support Acquires Two Sand Mines in Louisiana

June 25, 2018

Shale Support, a provider of frac-sand and logistical solutions to the oil and gas proppant market, has acquired two natural mines located in Kinder and Central Louisiana. This expansion adds 2.0 million tons of nameplate capacity to Shale Support, increasing

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Enterprise Products Adds Vessel Fueling Capabilities at Houston Ship Channel Export Facility

June 22, 2018

Enterprise Products Partners L.P. is now the exclusive provider of residual marine fuel (RMG 380) and marine gas oil (MGO) at its Enterprise Hydrocarbons Terminal (EHT) on the Houston Ship Channel. RMG 380 and MGO are the primary transportation fuels

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Hunting Signs Organic Oil Recovery Collaboration Agreement with Titan Oil Recovery

June 22, 2018

Hunting PLC, the international energy services company, has signed a collaboration agreement with US-based enhanced oil recovery company, Titan Oil Recovery Inc. The agreement allows Hunting to add Organic Oil Recovery (OOR) to a growing list of Hunting ‘TEK-Hub’ products

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Denbury Resources Advances CO2 Enhanced Oil Recovery Project at Cedar Creek Anticline

June 21, 2018

Denbury Resources is moving ahead with a CO2 enhanced oil recovery (EOR) project at Cedar Creek Anticline (CCA), a geological feature in eastern Montana and western North Dakota, US. The company’s portion of CCA covers nearly 175,000 acres. It is

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Cox Oil to Expand Gulf of Mexico Presence with $322 Million EGC Acquisition

June 21, 2018

Cox Oil has agreed to acquire Texas-based exploration and production company Energy XXI Gulf Coast (EGC) through one of its affiliates for a sum of about $322m to expand its presence in the Gulf of Mexico. As per the terms

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TransCanada to Proceed with $140 Million Expansion of Its NOVA Gas Transmission System

June 21, 2018

TransCanada said that it will move ahead with a proposed $140-million expansion of its NOVA Gas Transmission (NGTL) System after completing expansion capacity open season in March for incremental firm export delivery service at the Empress/McNeill Export Delivery Point. Shippers

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Canadian Oil Producers Baytex and Raging River Sign $2.13 Billion Merger Deal

June 21, 2018

Canada-based Baytex Energy and its rival oil producer Raging River Exploration have signed C$2.8bn ($2.13bn) agreement to merge and create a top-tier North American oil producer. The combined entity, which will have an enterprise value of approximately $5bn and operate

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