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Targa Resources to Sell Stake in Badlands Assets for $1.6 Billion, North Dakota
February 21, 2019
Targa Resources has agreed to sell 45 percent stake in its midstream assets in North Dakota to funds managed by GSO Capital Partners and Blackstone Tactical Opportunities (together called Blackstone) for $1.6 billion in an all-cash deal. The North Dakota
Saulsbury Strengthens Its Focus on Upstream and Midstream Markets
February 21, 2019
Saulsbury has announced plans to focus on serving clients in the upstream and midstream oil and gas sector with its expertise in engineering, procurement and construction (EPC) as well as continued growth in its field services business unit. In addition,
Backlog of Oil and Gas Permits in Colorado Could Take Three Years to Clear
February 21, 2019
A flurry of drilling permit applications late last year and a rising number of challenges to the requests have helped create a backlog that state regulators say could take up to three years to clear. At the end of January,
Devon Energy Completes Final Step to Complete Transformation to U.S. Oil Growth Company
February 20, 2019
Devon Energy’s board of directors has authorized the company to pursue the separation of its Canadian and Barnett Shale assets to complete its transformation to a high-return U.S. oil growth business. Devon will evaluate multiple methods of separating the assets,
RS Energy Group Forms Strategic Partnership with FourPoint Energy and LongPoint Minerals
February 20, 2019
RS Energy Group (RSEG) has formed a strategic partnership with Denver-based FourPoint Energy and LongPoint Minerals, uniquely pairing RSEG’s best-in-class energy intelligence and advanced analytics with FourPoint’s and LongPoint’s industry-leading technical interpretations. This relationship will allow FourPoint and LongPoint to
Curtis Engine Celebrates 75 Years of Power Generation Service
February 20, 2019
Curtis Engine & Equipment Co., Inc., provider of world-class power generation equipment sales and service and an authorized Mid-Atlantic distributor for MTU Onsite Energy, is celebrating 75 years of meeting the needs of commercial, institutional, government and other mission-critical facilities
Tellurian and Petronet Sign MOU for Equity Investment in Driftwood Project, Louisiana
February 20, 2019
Tellurian has signed a memorandum of understanding (MOU) with Petronet LNG Limited INDIA (PLL) where PLL is exploring the possibility of investment in the Driftwood project, which includes a proposed liquefied natural gas (LNG) terminal, along with natural gas production,
Dominion Energy Launches Initiative to Reduce Methane Emissions from Natural Gas Infrastructure
February 19, 2019
Dominion Energy has announced an historic, industry-leading initiative to reduce methane emissions from its natural gas infrastructure by 50 percent over the next decade, based on 2010 levels. The initiative will prevent more than 430,000 metric tons of methane from
Interior Readies for Region-Wide Oil and Gas Lease Sale for Gulf of Mexico
February 19, 2019
In support of President Donald J. Trump’s America-First Offshore Energy Strategy, Interior’s Assistant Secretary for Land and Minerals Management Joe Balash and Bureau of Ocean Energy Management Acting Director Walter Cruickshank today announced that BOEM will offer 78 million acres
U.S. Expects Record Domestic Oil Production in 2019, 2020
February 19, 2019
The U.S. expects domestic oil production to reach new heights this year and next, and that prices — for both crude and gasoline — will be lower than they were in 2018. Government forecasters are sticking to their forecast that
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