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Pa.-based AMETEK Acquires Brookfield Engineering Laboratories and ESP/SurgeX
February 8, 2016
AMETEK, Inc. has completed two acquisitions: Brookfield Engineering Laboratories and ESP/SurgeX. “Brookfield Engineering and ESP/SurgeX are excellent acquisitions and strong additions to our Electronic Instruments Group. These businesses will allow us to expand our presence in laboratory instrumentation and power
Torrent Oil & Gas Enters Partnership with Natural Gas Partners
February 8, 2016
Torrent Oil & Gas LLC has secured a private equity financing commitment and partnership with Natural Gas Partners (NGP) through NGP Natural Resources XI, L.P. “With the partnership of NGP, we are positioned to execute on an exciting business strategy
Pennsylvania Environmental Quality Board Passes Updates to Oil and Gas Drilling Regulations
February 8, 2016
The Pennsylvania Environmental Quality Board (EQB) passed the revisions to the oil and gas drilling regulations by a vote of 15 to 4. The “Environmental Protection Performance Standards at Oil and Gas Well Sites” (Chapters 78 and 78a) rulemaking modernizes
Oregon-based XFuels Begins Development of Fuel Cell Technology
February 8, 2016
XFuels Inc. will begin development on a combined hydrogen and carbon fuel cell using both XFuels’ hydrogen capture technology and its non-thermal plasma reforming technology with Converde Inc.‘s carbon fuel project. The resulting system will be targeted for small and
U.S. Oil Exports: Platts Launches New Price References for On-Ship Crude Oil in U.S. Gulf Coast
February 8, 2016
Platts will publish new pricing points for light sweet crude oil and condensates free-on-board ship from Houston and Corpus Christi, Texas and a new pricing point for Canadian heavy crude oil delivered to the U.S. Gulf Coast in order to
Osage Exploration and Development Files for Chapter 11 Bankruptcy
February 8, 2016
Osage Exploration and Development, Inc. has filed a voluntary petition for relief under Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the Western District of Oklahoma in Case No. 16-10308-SAH. About Osage Exploration and Development Based
Dominion Resources to Acquire Ohio-based Questar for $4.4 Billion
February 5, 2016
Power producer Dominion Resources has signed an agreement to acquire Questar, a natural gas distribution, pipeline, storage and cost-of-service gas supply company, for about $4.4bn. Under the terms of the deal, Dominion will pay $25 per share for the Questar
Vertex Energy Sells Nevada Re-refinery Facility for $35 Million
February 5, 2016
Vertex Energy, Inc. has sold its Nevada re-refinery facility, which is located in Churchill County, to Clean Harbors, Inc. for $35 million, of which approximately $14 million was immediately used at closing to purchase the facility and equipment previously leased
Aegion Completes Sale of Bayou Perma-Pipe Canada for US$9.6 Million
February 5, 2016
Aegion Corporation has completed the sale of its 51 percent interest in Bayou Perma-Pipe Canada, Ltd, a pipe coating company in Western Canada, to its joint venture partner, MFRI, Inc., for US$9.6 million. The company also expects to complete its
Apollo Global Forms New Colorado-based Company Resource Energy Partners
February 5, 2016
Apollo Global Management, LLC has formed a private equity-backed upstream oil and gas production company, Resource Energy Partners LLC. Resource Energy was formed to implement an acquisition and exploitation strategy principally focused on the revitalization of existing wellbores as opposed
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