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U.S. Energy Corp. to Acquire FieldPoint’s Assets in Mexico and Wyoming
October 2, 2020
U.S. Energy Corp. has entered into an asset purchase agreement and closed a transaction to acquire operated and non-operated producing assets primarily located in Lea County, New Mexico and Converse County, Wyoming. The acquired properties consist of select upstream assets
NGL Energy Partners Commissions Poker Lake Express Pipeline, New Mexico
October 2, 2020
NGL Energy Partners has begun receiving produced water from XTO Energy’s (a subsidiary of ExxonMobil Corporation) Poker Lake Development in the Delaware Basin. These volumes represent full commissioning of NGL’s 30-inch pipeline, Poker Lake Express, which has been constructed to
Inter Pipeline to Acquire Plains’ Milk River Pipeline System for $35 Million
October 1, 2020
Inter Pipeline has agreed with Plains Midstream Canada, a wholly owned subsidiary of Plains All American Pipeline, to acquire the Milk River pipeline system. The company is acquiring the pipeline system in exchange for its 100 percent stake in the
TC Energy Signs MOU for Indigenous Stake in Keystone XL Project
October 1, 2020
TC Energy has signed a memorandum of understanding (MOU) with Natural Law Energy (NLE) to enable the latter to acquire a stake in its $8 billion Keystone XL project and other related midstream and power projects in the future. Natural
Alberta Eyes Oil Route After Trump Approves Alaska Rail Link
October 1, 2020
U.S. President Donald Trump’s decision to approve a rail link between Canada and Alaska could open up an export route to Asia for Alberta’s struggling oil sands producers. The presidential permit, announced in a tweet late on Friday, will push
Max Midstream Texas Hopes to Pump New Life Into Oil and Gas Industry After Pipeline Deal
October 1, 2020
It’s no secret that COVID-19 has put the U.S. economy in a serious crunch. The heart and soul of Houston’s economy, the oil and gas industry, has been hit especially hard. According to the Texas Independent Producers and Royalty Owners
Trump Issues Presidential Permit Authorizing $22 Billion Railway Between Alaska and Alberta
September 30, 2020
President Donald Trump has issued a presidential permit granting approval to a $22 billion freight rail project connecting Alaska and Alberta. The president had tweeted his intent to issue the permit on Friday, based on the recommendations of Alaska Senator
Shale Producer Oasis Petroleum Files for Bankruptcy
September 30, 2020
Oasis Petroleum has entered into a restructuring support agreement (RSA) with substantially all of its lenders in Oasis Petroleum’s revolving credit facility and holders of 52 percent of the aggregate principal amount of the company’s bonds on a comprehensive pre-prepackaged
Colorado Oil Regulators Approve 2,000-ft Setback Rule for Drilling, Fracking
September 30, 2020
The Colorado Oil & Gas Conservation Commission (COGCC) on Sept. 28 unanimously voted in favor of a preliminary approval establishing new 2,000-ft setback rules for drilling and fracking operations statewide. The new series of rules within Senate Bill 19-181 (SB
Kinder Morgan Places Permian Basin Gas Pipeline Into Service
September 30, 2020
Kinder Morgan put the Lockridge natural gas pipeline in Texas into service earlier this month, according to a filing late Sept. 28 with the U.S. Federal Energy Regulatory Commission (FERC). Lockridge, along with several pipes under development or construction, is
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