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Alpha Energy to Acquire Pure Oil’s Oil and Gas Assets in Oklahoma in the Rogers Project
October 9, 2020
Alpha Energy has entered into a definitive purchase and sale agreement with Pure Oil Company, Inc. to acquire oil and gas assets in Oklahoma in the Rogers Project. “Our strategy at Alpha is to identify assets that are shallow, have
Schlumberger Sells Its North America Fracking Business to Liberty Oilfield Services
October 9, 2020
Liberty Oilfield Services and Schlumberger entered into an agreement for the contribution of Schlumberger’s onshore hydraulic fracturing business in the United States and Canada (OneStim®), including its pressure pumping, pumpdown perforating, and Permian frac sand businesses to Liberty in exchange
Citizen Energy to Acquire Blue Mountain Midstream for $111 Million
October 9, 2020
Riviera Resources has signed a definitive agreement to sell its wholly owned subsidiary, Blue Mountain Midstream to Citizen Energy in an all cash transaction valued at approximately $111 million. The company expects the transaction will close early in the fourth
TC Energy to Acquire Remaining Stake in TC PipeLines for $1.48 Billion
October 8, 2020
Canadian energy company TC Energy has made an offer to acquire the remaining stake that it does not already own in TC PipeLines for about $1.48 billion. Under the non-binding offer, TC Energy intends to acquire the common units of
BHP to Acquire Hess’ Stake in Shenzi Field for $505 Million, Gulf of Mexico
October 8, 2020
BHP Billiton has entered into an agreement with Hess to acquire 28 percent stake in the Shenzi field in the Gulf of Mexico. The purchase price of the Shenzi field stake is $505 million. BHP is currently the operator of
LyondellBasell and Sasol Form Integrated Polyethylene Joint Venture in $2 Billion Deal
October 8, 2020
LyondellBasell and Sasol has announced they have entered into a definitive agreement to form a 50/50 joint venture (JV) through which LyondellBasell will acquire 50 percent of Sasol’s 1.5 MM ton ethane cracker, 0.9 MM ton low and linear-low density
House Passes Bills to Secure Energy Sector Against Cyberattacks
October 8, 2020
The House on Tuesday unanimously passed four bills aimed at securing the power grid and other energy infrastructure against cyberattacks. All four of the bipartisan bills were approved by voice vote, and supported by the leaders of the House Energy
Pennsylvania Joins Six States to Develop Carbon Capture Infrastructure Plan
October 8, 2020
Pennsylvania will join six states committed to the development of safe carbon dioxide transport and storage. Gov. Tom Wolf’s administration on Thursday said the state will join Kansas, Louisiana, Maryland, Montana, Oklahoma and Wyoming in signing a memorandum of understanding
Navigator Energy Services Launches Binding Open Season for Its Borger Express Pipeline System
October 7, 2020
Navigator Borger Express, an affiliated company of Navigator Energy Services, launched of a binding open season on its Borger Express pipeline system to provide shippers the opportunity to secure crude oil transportation services from Cushing, Oklahoma to Borger, Texas. Prior
Quorum Software Acquires Landdox
October 7, 2020
Quorum Software, a Thoma Bravo portfolio company, has acquired Landdox, the leading innovator in cloud-first land technology. The acquisition brings together deep industry DNA and leading-edge architecture to empower energy companies to reimagine land management for the future. “Over the
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