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Linn Energy to Sell Stake in Conventional West Texas Assets for $119.5 Million
February 19, 2018
Linn Energy has agreed to sell its stake in conventional properties located in west Texas to an undisclosed buyer for about $119.5m. The properties to be sold consist of approximately 28,000 net acres in west Texas with 2017 net production
Caliche Starts Construction on NGL Storage Project in Beaumont, Texas
February 19, 2018
Coastal Caverns, a subsidiary of Caliche Development Partners has started construction of a brine pond as part of the Caliche Coastal natural gas liquid (NGL) storage project in Beaumont, Texas. The brine pond has been designed to support the company’s
Freedom Oil & Gas to Commence Four Well Drilling Program in Eagle Ford Shale, Texas
February 19, 2018
Freedom Oil and Gas has mobilized a rig to commence drilling of four horizontal wells in Eagle Ford Shale in the US. The firm has recently contracted the rig to drill four horizontal Eagle Ford Shale wells in Dimmit County,
WildHorse Resource to Sell North Louisiana Assets for $217 Million
February 15, 2018
WildHorse Resource Development (WRD) has agreed to sell its North Louisiana assets to a third party for a price of about $217m. Additionally, WRD could receive contingent payments of up to $35 million based on the number of wells spud
Suncor Energy to Acquire Stake in Syncrude Canada for $730 Million
February 15, 2018
Canadian firm Suncor Energy has agreed to acquire 5 percent stake in the Syncrude Canada from Mocal Energy, a subsidiary of Japan-based conglomerate Mitsubishi, for $730m. Syncrude Canada is a joint venture of Imperial Oil Resources, Mocal Energy, Nexen Oil
GTC Technology and Total to Partner on Natural Gas Conversion Process
February 15, 2018
GTC Technology has entered into a cooperative agreement with French oil and gas major Total to develop an innovative natural gas conversion process. The process will use less energy to manufacture the raw material used in the making of plastics
Caliche Starts Construction on NGL Storage Project in Texas
February 15, 2018
Coastal Caverns, a subsidiary of Caliche Development Partners has started construction of a brine pond as part of the Caliche Coastal natural gas liquid (NGL) storage project in Beaumont, Texas. The brine pond has been designed to support the company’s
EP Energy Closes $245 Million Eagle Ford Acreage Acquisition, Texas
February 13, 2018
EP Energy has completed a previously announced acquisition of certain producing assets and undeveloped acreage in the Eagle Ford operating area in South Texas. The company also closed on the previously announced divestiture of certain assets in its Altamont acreage
Silver Run II Merges with Alta Mesa and Kingfisher Midstream
February 13, 2018
Silver Run Acquisition Corporation II (Silver Run II) has completed its merger with Alta Mesa and Kingfisher Midstream to form a combined company valued at about $3.8bn. Alta Mesa is an independent exploration and production company focused on the development
Tallgrass and Silver Creek Form JV for New Crude Oil Pipeline Project, Wyoming
February 12, 2018
Tallgrass Energy Partners and Silver Creek Midstream have agreed to jointly develop a new 128km long pipeline in the US to transport crude oil from the Powder River Basin (PRB) to Guernsey, Wyoming. The joint venture pipeline project known as
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