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Summit Midstream Partners Commissions DJ Basin Processing Plant
July 18, 2019
Summit Midstream Partners, LP has successful commissioning of its new 60 MMcf/d cryogenic processing plant in the DJ Basin. The new facility, which substantially increases SMLP’s prior processing capacity in the DJ Basin, delivers residue gas to Colorado Interstate Gas
Comstock Resources Closes on Covey Park Energy Merger
July 18, 2019
Comstock Resources, Inc.has closed the previously announced acquisition of Covey Park Energy LLC in a cash and stock merger valued at approximately $2.2 billion. As part of this transaction Jerry Jones, owner of the Dallas Cowboys Football Club Ltd, invested
Energy Transfer Launches Binding Supplemental Open Season for Bakken Pipeline System
July 17, 2019
Energy Transfer’s subsidiaries Dakota Access and Energy Transfer Crude Oil Company launched a binding supplemental open season to solicit additional shipper commitments for transportation service from the Bakken/Three Forks play in North Dakota to storage terminals located in Patoka, Illinois,
JP Services Launches Nitrogen Services Division to Service Pipeline Owners and Operators
July 17, 2019
JPH Holdings, a turnkey pipeline integrity solutions company, has launched its new Nitrogen Services Division to service pipeline owners and operators. The Nitrogen Services Division provides nitrogen solutions in coordination with JP Services midstream offering suite that will reduce cost,
Canadian Natural Resources to Acquire Devon’s Canadian Business for $2.8 Billion
July 17, 2019
Devon Energy Corp. has entered into a definitive agreement to sell its Canadian business to Canadian Natural Resources Limited for CAD $3.8 billion, or USD $2.8 billion. This transaction is subject to customary terms and conditions and is expected to
Bluewing Midstream Starts Construction for Its Phase II Expansion Project in Brownsville, Texas
July 17, 2019
Bluewing Midstream has started construction for its Phase II Expansion Project to support growing customer demand. Upon completion, Phase II will add 300,000 barrels of new liquids storage capacity capable of handling gasoline, diesel, jet fuel and other petroleum products.
KKR and Spur Energy Partners Form Partnership to Pursue Oil and Gas Opportunities
July 17, 2019
Spur Energy Partners and KKR, a leading global investment firm, have formed a partnership to acquire large, high-margin oil and gas production and development assets across the Lower 48. The companies also signed a definitive agreement to acquire the Permian
New Mexico Brings in $1 Billion from Oil and Gas on State Land
July 16, 2019
Energy development on state land was a primary driver in a more than $1 billion contribution to the State of New Mexico this year. In Fiscal Year 2019, the State Land Office estimated it received about $1.1 billion in revenue,
Battle for Barrels of Oil Flowing from the North Intensifies
July 16, 2019
Pipeline companies have spent the past few years trying to capture as many barrels flowing out of Texas’ Permian Basin as possible to ease that region’s capacity issues. However, with midstream companies like Plains All American Pipelines constructing new oil
Senator Warren Proposes SEC Crackdown on Oil and Gas
July 16, 2019
Oil and gas companies could face greater regulatory pressure to disclose their financial risks to climate change in a Democratic administration. Senator Elizabeth Warren (D-MA) reintroduced legislation this week that would require publicly-traded companies to report their risks related to
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