Oil, Gas and Shale
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NEWS Click on text to read news by category: General | Product | People | Worldwide

Northern Oil and Gas to Acquire VEN Bakken’s Williston Basin Properties for $295 Million

April 24, 2019

Northern Oil and Gas has entered into a definitive agreement to acquire the Williston Basin properties of VEN Bakken. VEN Bakken is a wholly-owned subsidiary of Flywheel Bakken (formerly Valorem Energy), a portfolio company of the Kayne Private Energy Income

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Murphy Oil to Acquire LLOG’s Deep Water Gulf of Mexico Assets for $1.375 Billion

April 24, 2019

Murphy Oil Corporation’s wholly owned subsidiary, Murphy Exploration & Production Company – USA, has entered into a definitive agreement to acquire deep water Gulf of Mexico assets from LLOG Exploration Offshore and LLOG Bluewater Holdings. The accretive, cash flow providing

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Ohio’s Growing Shale Energy Industry Attracts More than $74 Billion in Investment Since 2011

April 24, 2019

Total investment in Ohio’s resource rich shale energy sector has reached $74 billion since tracking began in 2011, according to a Cleveland State University study. Prepared for JobsOhio, the report represents the most recent data available and covers shale investment

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Rebounding Haynesville Shale Breaks 2011 Production Record, Texas

April 23, 2019

The Haynesville shale in East Texas and Louisiana hasn’t boomed for nearly a decade, but a recent resurgence in activity has pushed the gassy shale play’s output to a record high this spring. The Haynesville is churning out a record

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McDermott and Partners Commission Cameron LNG Project, Louisiana

April 23, 2019

McDermott International and its joint venture partner, Chiyoda International have introduced feed gas to Train 1 of the Cameron LNG project in Hackberry, Louisiana, marking the final commissioning step for the $10bn first phase of the project. The move follows

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Colorado Governor Signs Major Overhaul Law of Oil and Gas Rules

April 23, 2019

Colorado Gov. Jared Polis on Tuesday signed into law a major overhaul of state oil and gas rules, turning the focus away from encouraging production and directing regulators to make public safety and the environment their top priority. The law

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Canada Extends Deadline for Trans Mountain Pipeline Decision to June 18

April 22, 2019

The federal government says it is delaying its decision on the Trans Mountain pipeline expansion project until June 18 in order to wrap up consultations with Indigenous groups. The deadline is being pushed back by almost a month on the

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Wildcatter Floyd Wilson is Back, Forms Falconer Oil and Gas

April 22, 2019

Fresh off getting elbowed aside as chief executive of Halcon Resources Corp., legendary wildcatter Floyd Wilson is back with his “ninth or tenth” oil company. He’s launched Falconer Oil and Gas Corp., a Houston-based venture with a vague mandate from

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Industry is Anxious for White House to Nominate New FERC Commissioners

April 22, 2019

As protesters scaled Federal Energy Regulatory Commission headquarters on Thursday morning, observers couldn’t help but remark that the long chapter in the agency’s history as a politics-free zone is swiftly coming to a close. FERC has become “more and more”

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Oryx Delaware Oil Transport Launches Binding Open Season for Its Regional Transportation System

April 19, 2019

Oryx Midstream Services’ operating subsidiary, Oryx Delaware Oil Transport LLC (ODOT) has launched a binding open season to secure volume commitments to support the proposed construction and development of new crude oil transportation movements on its regional crude oil transportation

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