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Oasis Petroleum to Divest Stake in Midstream Assets to OMP for $250 Million
November 12, 2018
US-based Oasis Petroleum has agreed to divest additional stakes in its midstream business Bobcat DevCo and Beartooth DevCo to its master limited partnership Oasis Midstream Partners (OMP) in a deal worth $250m. In Bobcat DevCo, Oasis Petroleum will be selling
Xcel Energy to Acquire Southern Power’s Mankato Energy Center for $650 Million, Minnesota
November 12, 2018
Southern Power has agreed to offload the Mankato Energy Center, a natural gas power plant with a capacity of nearly 760MW in Minnesota, to Xcel Energy for $650m. The Mankato Energy Center, located in Mankato, comprises a 375MW combined-cycle generation
Mountain Valley Pipeline Files FERC Application to Build Southgate Interstate Natural Gas Pipeline
November 9, 2018
Mountain Valley Pipeline applied to the Federal Energy Regulatory Commission (FERC) for authorization to build the MVP Southgate project, a proposed interstate natural gas transmission pipeline designed to provide reliable, cost-effective access to natural gas to meet increasing residential and
Xcel Energy to Acquire Southern Power’s Mankato Energy Center, Minnesota
November 9, 2018
Xcel Energy has agreed to purchase the Mankato Energy Center, a 760-megawatt natural gas power plant from Southern Power, a subsidiary of Atlanta-based Southern Company. The plant currently provides power to Xcel Energy customers under a power purchase contract. “Securing
Massif Oil & Gas II Form Partnership with NGP to Develop Powder River Basin Assets
November 9, 2018
Massif Oil & Gas II, LLC has partnered with NGP to form Massif II. Massif II will leverage its proprietary relationships and operational expertise to acquire and develop top-tier oil-weighted assets in the Powder River Basin. The Bozeman, Montana based
Energy Transfer to Build Seventh Fractionation Facility and Expand Lone Star Express Pipeline
November 9, 2018
Energy Transfer’s subsidiary, Lone Star NGL, will construct a seventh natural gas liquids (NGL) fractionation facility at Mont Belvieu, Texas. Fractionator VII is scheduled to be operational in the first quarter of 2020. The 150,000 barrel per day fractionator is
Conestoga Energy Halts Production at Diamond Ethanol Facility, Texas
November 9, 2018
Conestoga Energy Holdings said it is temporarily halting production at Diamond Ethanol, LLC located at Levelland, Texas. “Given current ethanol production economics, we felt it in the best interest of our company and the industry to take gallons off the
Pieridae Secures Construction Permit for Goldboro LNG Facility, Nova Scotia
November 8, 2018
Pieridae Energy has secured approval from the Nova Scotia Utility and Review Board (NSUARB) to move ahead with the construction of its Goldboro LNG Facility, The Goldboro LNG Facility is an export and storage liquefied natural gas (LNG) project in
Encana to Acquire Newfield Exploration for $5.5 Billion
November 8, 2018
Canadian oil and gas company Encana has signed an agreement to acquire Newfield Exploration Company in a transaction valued at approximately $5.5bn. Following the completion of the transaction, Encana shareholders will hold nearly 63.5 percent of the combined company, while
Enterprise Breaks Ground on Mentone Gas Processing Plant in Delaware Basin
November 8, 2018
Enterprise Products Partners has started construction of the Mentone cryogenic natural gas processing plant located in Loving County, Texas. The facility, which is expected to begin service in the first quarter of 2020, will have the capacity to process 300
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