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OneSoft, WorleyParsons Partner to Deliver Machine Learning Solutions for Canadian Pipeline Operators
April 9, 2018
OneSoft Solutions wholly owned subsidiary OneBridge Solutions has entered into a collaborative work agreement with WorleyParsons to deliver machine learning solutions for Canadian oil and gas pipeline operators. The solution integrates OneBridge’s Cognitive Integrity ManagementTM (“CIM”) Software-as-a-Service (“SaaS”) solution with
Encana and Keyera to Jointly Develop Liquids Hub and Natural Gas Processing Plant, Alberta
April 9, 2018
Keyera has agreed to acquire and fund the development of Encana’s Pipestone Liquids Hub and Encana’s planned Pipestone Processing Facility. This agreement provides Encana with an additional 33,000 barrels per day (bbls/d) of net raw condensate processing capacity and 170
U.S. Silica to Sell Three Transload Assets to CIG Logistics for $75 Million
April 5, 2018
U.S. Silica Holdings has signed an agreement to sell three transloads located in the Permian, Eagle Ford and Appalachian Basins to CIG Logistics for $75m. The transaction is expected to close by the end of this month, pending financing. The
Contango Sells Non-core Eagle Ford Shale Assets for $21 Million, Texas
April 5, 2018
Contango Oil & Gas has sold its operated Eagle Ford Shale assets located in Karnes County, Texas to an independent oil and gas company for a sum of $21m. The divestiture closed on Wednesday, March 28 and included approximately 1,500
Lilis Energy Acquires Delaware Basin Assets, New Mexico
April 5, 2018
Lilis Energy, an exploration and development company operating in the Permian Basin of West Texas and Southeastern New Mexico, has acquired approximately 2,798 net acres in southeastern New Mexico in the Delaware Basin. Aggregate consideration for the Acquisition is ~$65
Venado and KKR Acquires Cabot Eagle Ford Assets for $765 Million
April 5, 2018
Venado Oil and Gas and KKR have acquired the operated and non-operated Eagle Ford assets of Cabot Oil & Gas in a deal worth $765m. Venado and KKR acquired interests which include approximately 303 gross/203 net wells and 74,400 net
Stallion Acquires Oilfield Recycling Service Provider Basin Wastewater Solutions
April 4, 2018
Stallion Oilfield Services Ltd. has completed its acquisition of substantially all of the assets of Basin Wastewater Solutions, LLC (Basin), a leading provider of rig site potable water and wastewater recycling services. Basin is based in Carlsbad, NM and services
USA Compression Completes $1.8 Billion Acquisition of Energy Transfer’s Compression Business
April 4, 2018
USA Compression Partners, Energy Transfer Partners, and Energy Transfer Equity, L.P. has completed the previously reported acquisition of the CDM compression business from ETP. In addition, ETE completed its acquisition of USAC’s general partner and approximately 12.5 million USAC common
WPX Energy Sells Stake in Gallup Oil Play to Enduring Resources for $700 Million
April 3, 2018
WPX Energy has completed sale of its stakes in the Gallup oil play in San Juan Basin to Enduring Resources IV for $700m. A significant portion of the proceeds are slated for debt reduction. WPX now believes it can reduce
Saudi Aramco Signs $10 Billion Worth in Deals with U.S. Companies
April 2, 2018
Saudi Aramco has signed deals worth more than $10bn in areas like offshore drilling, well testing and others with 14 American companies during the Saudi-US CEO Forum held in New York. The Forum was scheduled to coincide with the official
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