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Canada’s Whitecap Resources to Acquire NAL Resources for $118 Million
September 3, 2020
Canadian oil producer Whitecap Resources has signed a deal to acquire NAL Resources, a subsidiary of insurance and financial services provider Manulife Financial, for approximately $118.59 million. Under the terms of the agreement, Whitecap will issue 58.3 million shares to
Texas Judge Denies Sierra’s Request to Stop Construction of Kinder Morgan’s Permian Highway Pipeline
September 3, 2020
A federal judge in Texas has denied the Sierra Club’s request to stop construction of the $2.3 billion, 429-mile Permian Highway pipeline that would carry natural gas from the Permian Basin shale region in west Texas through the state’s scenic
San Mateo Commissions Expanded Black River Processing Plant, New Mexico
September 3, 2020
San Mateo Midstream has successful completed and commissioned the expansion of its Black River cryogenic natural gas processing plant in Eddy County, New Mexico. The expansion project added an incremental inlet capacity of 200 million cubic feet of natural gas
Storm Damages Continue to Hamper U.S. Gulf of Mexico Energy Operations
September 3, 2020
Catastrophic damage to power lines and communications outages on Monday weighed on U.S. Gulf Coast refineries’ post-Hurricane Laura assessments and on offshore oil and gas production. Energy companies continued to inspect and restart offshore operations while onshore repairs were hampered
Whiting Petroleum Completes Reorganization, Emerges from Chapter 11 Protection
September 2, 2020
Whiting Petroleum Corporation has successfully completed its financial restructuring and emerged from Chapter 11 protection. Whiting officially concluded its reorganization after completing all required actions and satisfying the remaining conditions to its plan of reorganization. “We are excited to begin
NGL Energy Partners Expands Produced Water Acreage Dedication in Permian
September 2, 2020
NGL Energy Partners signed a long-term extension and expansion of an acreage dedication with an existing customer. The extension of this agreement is with a leading, investment grade independent producer customer operating in Lea and Eddy Counties, New Mexico within
Energy Transfer Completes Lone Star Express Pipeline Expansion Project, Texas
September 2, 2020
Energy Transfer has completed its Lone Star Express Pipeline expansion project, which was a major part of Energy Transfer’s 2020 capital program. The project was delivered on budget and ahead of schedule. The pipeline adds over 400,000 barrels per day
Oil and Gas Industry Assesses Damage at Refineries and Plants After Hurricane
September 1, 2020
The energy industry is assessing damage caused by storm surges and high winds as Hurricane Laura cut a dangerous path across the coastlines of Texas and Louisiana, making landfall early Thursday. Oil and gas producers evacuated platforms and rigs in
Oil and Gas Lease Sale Nets $8 Million for New Mexico, Other States
September 1, 2020
The latest quarterly oil and gas lease sale for dozens of parcels in New Mexico, Oklahoma and Texas netted more than $8.2 million, federal land managers said. The Bureau of Land Management reported Friday that nearly half of the revenues
U.S. Regulator Backs Energy Transfer in Chesapeake Pipeline Dispute
September 1, 2020
U.S. energy regulators sided with pipeline operator Energy Transfer in a challenge to bankrupt oil and gas producer Chesapeake Energy’s request to cancel a nearly $300 million contract, court filings show. Chesapeake ignited a fight when it asked the U.S.
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