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Crestwood to Acquire Jackalope Gas Gathering Services in $485 Million Deal
April 15, 2019
Crestwood Equity Partners has taken full ownership in US midstream firm Jackalope Gas Gathering Services from its joint venture partner Williams in a deal worth around $485 million. The Jackalope Gas Gathering Services operates a gathering and processing system located
Trump Paves Way for U.S. Energy Infrastructure Development
April 15, 2019
U.S. President Donald Trump on Wednesday signed two Executive Orders to streamline Federal processes surrounding energy infrastructure development. First, the President signed an Executive Order (EO) to address regional and local energy supply constraints, and to promote an efficient energy
Snelson Wins Contract to Complete $610 Million Saginaw Trail Pipeline Project
April 15, 2019
PLH Group’s subsidiary Snelson Companies has won a contract to complete the final two phases of the Saginaw Trail Pipeline project in the US for Consumers Energy. The $610 million Saginaw Trail Pipeline project involves replacement of 125.5km of current
Chevron to Acquire Anadarko Petroleum for $50 Billion
April 12, 2019
Chevron Corporation has entered into a definitive agreement with Anadarko Petroleum Corporation to acquire all of the outstanding shares of Anadarko in a stock and cash transaction valued at $33 billion, or $65 per share. The total enterprise value of
Post Oak Energy Capital and Genesis Park Invest $200 Million in Layne Water Midstream
April 12, 2019
Post Oak Energy Capital and Genesis Park, through investment partnerships each company separately manages, have led a $200 million equity commitment to Layne Water Midstream Holdings (LWM). Post Oak and Genesis Park acquired LWM from Granite Construction Incorporated with an
EQM Midstream Completes Acquisition of Eureka Midstream and Hornet Midstream
April 12, 2019
Equitrans Midstream Corporation and EQM Midstream Partners said that EQM has completed the acquisition of a 60 percent interest in Eureka Midstream Holdings and a 100 percent interest in Hornet Midstream Holdings for total consideration of $1,030 million, comprised of
Ring Energy Completes Acquisition of Wishbone Energy’s Northwest Shelf Assets, Texas
April 12, 2019
Ring Energy, Inc. has closed its transaction with Wishbone Energy Partners, Wishbone Texas Operating Company, and WB WaterWorks to acquire their Northwest Shelf assets located primarily in southwest Yoakum County, Texas and eastern Lea County, New Mexico. The total adjusted
Callon Petroleum to Sell Midland Basin Non-core Assets for $260 Million
April 11, 2019
Callon Petroleum has signed a definitive agreement for the sale of certain non-core assets in the Midland Basin for initial cash proceeds of $260 million, subject to the customary purchase price adjustments. Callon Petroleum said that the agreement also includes
U.S. Crude Oil Production Grows 17% in 2018 Breaking 50-Year Record
April 11, 2019
The US broke its own crude oil production growth rates in 2018, with Texas at the forefront owing to substantial output from the Permian region Crude oil production in the US in 2018 was 17 percent higher than the year
Milestone Environmental Services Receives Oilfield Waste Landfill Permit in Permian Basin, Texas
April 10, 2019
Milestone Environmental Services said that the Railroad Commission of Texas (RRC) has approved the company’s second RCRA-exempt oilfield waste landfill permit in the Permian Basin. Development plans for the 7.8 million cubic yard landfill south of Midland, Texas, are in
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