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Devon Energy Signs Deal to Sell Barnett Shale Assets for $553 Million
March 13, 2018
Devon Energy has signed an agreement to sell the southern portion of its Barnett Shale position to an undisclosed firm for $553m. Currently, the net production capacity from the southern Barnett divestiture assets, which are located primarily in Johnson County,
W&T Offshore to Acquire Stake in Heidelberg Field, Gulf of Mexico
March 13, 2018
W&T Offshore revealed that it was the successful bidder on a stake in three blocks in the Heidelberg field in the Gulf of Mexico. The blocks were offered in connection with the Chapter 11 bankruptcy proceedings of Cobalt International Energy
SNC-Lavalin to Supply Two Gas Cracking Furnaces to NOVA Chemicals in Canada
March 13, 2018
SNC-Lavalin, in consortium with TechnipFMC, has secured a engineering, procurement, and construction (EPC) contract to supply NOVA Chemicals with two gas cracking furnaces. This award supports the recently announced third phase of the conversion and expansion of NOVA Chemicals’ Corunna
Royale Energy Completes Merger with Matrix Oil Forming California-focused Operation
March 12, 2018
Royale Energy has completed merger deal with privately held Matrix Oil Management, forming a high-growth California-focused operating company. The completion of this strategic transaction creates a high-growth California-focused operating company with an executive team experienced in raising accretive capital and
Oil Bosses Take Different Sides of Shale Boom-and-Bust Outlook
March 12, 2018
Short-selling is creeping back into the oil market as fears increase that the U.S. will be awash with oil again. Hedge funds boosted bets on falling West Texas Intermediate crude prices by the most this year after American production surged
ABB to Provide Automation and Electrical Solution for NextDecade’s Rio Grande LNG Project, Texas
March 12, 2018
NextDecade has given an order to ABB to provide an integrated automation and electrical solution for its Rio Grande LNG project in South Texas. The automation of plant control systems will optimize plant performance and efficiency, representing a logical extension
Ace Gathering Acquires Recoil Energy Systems
March 8, 2018
Ace Gathering has completed the acquisition of crude oil reclamation services provider, Recoil Energy Systems, for undisclosed amount. Recoil, founded in 2014 and headquartered in Abilene, Texas, is a leading provider of oil reclamation services including tank cleaning, oil recovery,
Velocity Midstream Constructs Crude Oil Pipeline Loop through SCOOP Play, Oklahoma
March 8, 2018
Velocity Midstream Partners has completed the construction of a crude oil pipeline loop of its existing condensate pipeline through the fairway of the South Central Oklahoma Oil Province (SCOOP) in the US. The 45-mile 12” crude oil loop project is
Organization of Petroleum Exporting Countries: U.S. Shale Producers Show Interest in Energy Dialogue
March 8, 2018
The Organization of the Petroleum Exporting Countries’ meeting with US shale producers and Canadian companies went “very well,” conversations were frank and honest, OPEC Secretary General Mr. Mohammed Barkindo told Sputnik. Mr. Barkindo “It went very well. What we did
Tall Oak Midstream Launches Open Season for Arkoma Residue Capacity Pipeline Project, Oklahoma
March 7, 2018
Tall Oak Midstream III, LLC has launched a non-binding open season to secure prospective shippers for a proposed 80-mile natural gas residue pipeline. The Arkoma Residue Capacity (ARC) Pipeline will connect to both Tall Oak’s planned Panther Creek Natural Gas
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