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Cabot Oil and Gas to Sell $765 Million Worth Eagle Ford Assets
January 4, 2018
Independent oil and gas company Cabot Oil & Gas will sell Eagle Ford Shale assets to an affiliate of Venado Oil & Gas for $765m as it is looking to pare cost. The company will sell 74,500 acres of Eagle
Inter Pipeline Releases $900 Million Capital Expenditure Program for 2018
January 4, 2018
Inter Pipeline has announced a $900 million capital expenditure program for 2018, with 91 percent of it will be for organic growth initiatives. The remaining $80 million invested for sustaining capital projects. In 2018, the majority of Inter Pipeline’s growth
InterGen to Divest Mexico Assets to Actis for $1.2 Billion
January 4, 2018
InterGen, which is jointly owned by the Ontario Teachers’ Pension Plan and China Huaneng Group/Guangdong Yudean Group, has signed an agreement to divest its portfolio including power generation assets in Mexico to Actis for $1.256bn. Under the terms of the
Italy’s Eni Begins Oil Exploration in Alaska’s Beaufort Sea
January 4, 2018
Italian oil producer Eni has began drilling for oil exploration in the US waters off the north coast of Alaska, following the spudding of a new well in the Beaufort Sea. The spudding of the well follows the Bureau’s approval
Natural Gas Customers in West Virginia Pocket $4.3 Billion Thanks to Marcellus Shale
December 28, 2017
Since the development of Marcellus Shale over the last ten years, the amount that consumers have paid for natural gas in the Mountain State’s homes and businesses has tumbled $4.3 billion (in 2016 dollars) - making Christmas merrier across West
US Steel Signs Lease With Merrion to Develop Marcellus Shale Gas Well at Edgar Thomson Works, Pa.
December 28, 2017
Pennsylvania’s oldest working steel mill could soon have a new type of industrial activity on-site: fracking. US Steel has signed a lease with New Mexico-based Merrion Oil and Gas, to develop a Marcellus shale gas well on the grounds of
Valorem Energy Closes on $285 Million Acquisition of Williston Basin Interests
December 22, 2017
Valorem Energy, LLC, and certain wholly-owned subsidiaries, an independent oil and natural gas company headquartered in Oklahoma City, Oklahoma and backed by the Kayne Private Energy Income Fund, L.P., has closed on its acquisition of LINN Energy’s Williston Basin interests
Eclipse Resources to Acquire New Utica Development Area for $93.7 Million, Pennsylvania
December 22, 2017
Eclipse Resources Corporation and Eclipse Resources-PA, LP, a wholly owned subsidiary of the company, have entered into a definitive purchase and sale agreement to acquire certain oil and gas leases, wells and other oil and gas rights and interests covering
McDermott Signs $6 Billion Merger Deal with Chicago Bridge & Iron Company
December 21, 2017
Oilfield equipment and services provider McDermott International and US-based Chicago Bridge & Iron Company (CB&I) have signed a deal to merge, and create a fully vertically integrated onshore-offshore company with $6bn enterprise value. The combined company is expected to have
Linn Energy to Sell Oklahoma Waterflood and Texas Panhandle Assets for $122 Million
December 21, 2017
Linn Energy has signed an agreement to sell its Oklahoma Waterflood and Texas Panhandle assets to an undisclosed buyer for a contract price of $122m, subject to closing adjustments. The combined properties to be sold consist of approximately 179,000 net
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