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Total Safety Named Recipient of 2016 Texas Oil and Gas Awards Excellence in Health and Safety
November 29, 2016
Total Safety U.S. Inc., the world’s premier provider of industrial inspection and integrated safety solutions, was honored with the Fourth Annual Award for Excellence in Health and Safety — Operational in the 2016 Texas Oil and Gas Awards. Total Safety
Tesoro Logistics to Acquire $1.1 Billion Oil and Gas Assets to Expand Midstream Business, Texas
November 28, 2016
Tesoro Logistics (TLLP) has announced to invest $1.1bn for two acquisitions in a bid to strengthen its midstream business. The Texas based firm will spend $700m to purchase integrated crude oil, natural gas and produced water gathering systems besides two
USGS Finds 20 Billion Barrels of Oil at Wolfcamp Shale Project, Texas
November 28, 2016
The US Geological Survey (USGS) announced that it has found an estimated 20 billion barrels of crude oil in the Wolfcamp shale in the Midland Basin portion of Texas’ Permian Basin. The agency said that the Wolfcamp shale also contains
Tesoro to Acquire Western Refining for $4.1 Billion
November 23, 2016
US-based oil refiner Tesoro has entered into an agreement to buy Western Refining for $4.1bn to create a highly integrated and geographically diversified company. The acquisition is expected to offer a strong platform for earnings growth and cash flow generation
Castleton Acquires Anadarko’s East Texas Assets for $1 Billion
November 23, 2016
Castleton Commodities International (CCI) has acquired certain East Texas assets from Anadarko Petroleum for over $1bn. The commodity trader has acquired the Carthage upstream and midstream assets from subsidiaries of Anadarko Petroleum in a bid to expand in foot print
Sunoco Logistics to Acquire Energy Transfer Partners for $20 Billion
November 23, 2016
Sunoco Logistics Partners has agreed to acquire Energy Transfer Partners (ETP) LP for nearly $20bn to strengthen its midstream business. The transaction, which combines the premier crude oil midstream master limited partnership (MLP) with the premier natural gas midstream MLP,
Department of Interior Unveils Five-year Oil and Gas Leasing Plan for Outer Continental Shelf
November 23, 2016
The US Department of Interior (DOI) and the Bureau of Ocean Energy Management (BOEM) have unveiled a five-year offshore oil and gas leasing plan for the country’s Outer Continental Shelf (OCS). The 2017-2022 plan offers 70 percent of economically recoverable
Concho Resources Acquires Northern Delaware Basin Assets for $430 Million
November 22, 2016
Concho Resources Inc. has reached a definitive agreement to acquire approximately 24,000 gross (16,400 net) acres in the northern Delaware Basin for approximately $430 million. The acquired acreage is complementary to the company’s leasehold position in the northern Delaware Basin,
Dynegy Completes Sale of Elwood Energy Facility for $172.5 Million, Illinois
November 22, 2016
Dynegy Inc. has finalized the sale of its 50 percent equity interest in the Elwood Energy Facility to its partner, J-Power USA Development Co. Ltd. for $172.5 million in cash. The natural gas-fueled peaking facility in Elwood, IL has a
Swift Energy Sharpens Focus on Eagle Ford at Its Lake Washington Field, Louisiana
November 22, 2016
Swift Energy Company has entered into a purchase and sale agreement providing for the company to sell its Lake Washington field in South East Louisiana. This strategic divestiture is a significant step in achieving the company’s goal of becoming a
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