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WPX Energy Completes Sale of San Juan Basin Gathering System for $309 Million
March 10, 2016
WPX Energy has completed the sale of its San Juan Basin gathering system for consideration of approximately $309 million. WPX received $285 million cash subject to closing adjustments and a commitment by the purchaser estimated at $24 million to expand
Amazing Energy Oil and Gas Enters into Agreement to Acquire Gulf South Securities
March 10, 2016
Amazing Energy Oil and Gas Co. has executed a non-binding Letter of Intent, which relates to the acquisition of Gulf South Securities, Inc., a firm specializing in the raising of both drilling and corporate capital. “The team at Gulf South
Rex Energy Enters $175 Million Joint Venture in Utica, Marcellus Shale Areas
March 9, 2016
Rex Energy Corp. on Tuesday announced a $175 million joint exploration-development agreement in the Utica and Marcellus shales in eastern Ohio and western Pennsylvania. The company, based in State College, Pa., is partnering with an affiliate of New York-based credit
Shale Gas Crushing Natural Gas Prices
March 9, 2016
Natural gas is the cheapest it’s been in nearly two decades, and it could get even cheaper, thanks to U.S. shale drillers. The U.S. is producing at a near-record pace, but the warm winter has only resulted in more oversupply
Shale-related Methane Emissions Continue to Drop Due to Use of Operational Best Practices
March 9, 2016
Despite claims made in a Feb. 23 editorial (“Methane’s Threat: New EPA Rules to Cut Emissions Are a Good Start”), shale-related methane emissions continue to steeply drop, thanks to the industry’s widespread use of operational best practices and continuous investments
Shale Gas Proves More Resilient than U.S. Government Expected
March 9, 2016
America’s energy explorers have become so good at pulling natural gas out of the ground that government forecasters are having a hard time figuring out how much they’re producing. This month, the Marcellus shale formation of the eastern U.S., the
Dorf Ketal Chemicals Acquires US-based Oilfield Chemical Provider Flow-Chem Technologies
March 8, 2016
Dorf Ketal Chemicals India Private Limited (Dorf Ketal), an India based global leader in specialty chemicals, today announced the completion of its acquisition of Flow-Chem Technologies LLC (Flowchem), based in Rayne, LA (USA). Flow-chem is a specialty oilfield chemical provider
Energold Drilling Acquires Oil and Gas Drilling Services Company Cros-Man Direct Underground
March 8, 2016
Energold Drilling Corp. has acquired Cros-Man Direct Underground Ltd., headquartered in Reston, Manitoba, Canada. The arms-length acquisition adds to Energold’s growing portfolio of drilling services provided by the company, as well as specifically targeting non-commodity related business lines. Through the
Duke Energy Secures Approval to Build $1 Billion Asheville Combined Cycle Power Plant, NC
March 8, 2016
Duke Energy has secured approval from the North Carolina Utilities Commission (NCUC) for its plan to replace its 376MW Asheville coal-fired power plant in North Carolina, US, with a new natural gas plant. The project, which is estimated to cost
Enbridge Gas Prepared to Play Significant Role in Ontario’s Lower-Carbon Future
March 8, 2016
Enbridge Gas Distribution Inc. is poised to help customers transition to a more sustainable future. “Natural gas has already helped Ontario move off coal-fired electricity and will continue to play an important role in reducing the province’s greenhouse gas emissions,”
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