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

Colorado Voters Reject Curbs on Fracking

November 8, 2018

Colorado voters decided Tuesday to reject a measure that would have blocked drilling in most of one of America’s largest oil- and gas-producing states. Coloradans shot down a ballot initiative banning new oil and gas drilling within 2,500 feet of

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Energy Transfer Receives FERC Approval for Final Two Laterals on Rover Pipeline, W. Va.

November 7, 2018

Energy Transfer said that Rover Pipeline received approval from the Federal Energy Regulatory Commission (FERC) to commence natural gas service on the final laterals needed to complete the Rover Pipeline project. The Sherwood Lateral, the CGT Lateral and the associated

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Pioneer Natural Resources to Sell Its South Texas Sinor Nest Oil Assets for $132 Million

November 7, 2018

Pioneer Natural Resources Company has signed a purchase and sale agreement with an undisclosed third party to sell approximately 2,900 net acres in the Sinor Nest (Lower Wilcox) field for net proceeds of $132 million, subject to normal closing adjustments.

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EagleClaw, Blackstone Energy, I Squared Capital Form Leading Delaware Basin Midstream Partnership

November 7, 2018

EagleClaw Midstream, funds managed by Blackstone Energy Partners, and I Squared Capital have executed and concurrently closed binding agreements pursuant to which I Squared Capital has committed over $500 million of cash and contributed its Delaware Basin midstream portfolio company,

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Enterprise to Expand Mont Belvieu NGL Fractionation Capacity, Texas

November 7, 2018

Enterprise Products Partners makes plans for an incremental 150,000 barrels per day (BPD) expansion to its natural gas liquids (NGL) fractionation facilities at its Mont Belvieu complex. The expansion would increase Enterprise’s NGL fractionation capacity to 1 million BPD in

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Nine Energy Service to Acquire Magnum Oil Tools for $493 Million

November 6, 2018

Nine Energy Service has entered into a definitive agreement to acquire Magnum Oil Tools International in a cash and stock deal worth $493 million. Magnum Oil Tools has been downhole technology provider serving the global oil and gas industry for

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Gen6 Proppants to Develop New Frac Sand Mine, Northern Louisiana

November 6, 2018

Gen6 Proppants, a frac sand solutions provider, plans to develop a new frac sand mine to serve the Haynesville Shale region, with the acquisition of approximately 1,000 acres in Red River Parish in northern Louisiana. Permitting and procurement has begun

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Enable Midstream Expands Its Crude Oil Gathering Business, Acquires Velocity for $442 Million

November 6, 2018

Enable Midstream Partners is significantly expanding its crude oil midstream business with agreements in two of the country’s most active crude plays. In the Anadarko Basin, Enable has signed a definitive agreement to acquire Velocity Holdings, an integrated crude oil

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Chesapeake Energy to Acquire WildHorse Resource Development for $4 Billion

November 6, 2018

Chesapeake Energy Corporation and WildHorse Resource Development Corporation jointly said that Chesapeake has entered into a definitive agreement to acquire WildHorse, an oil and gas company with operations in the Eagle Ford Shale and Austin Chalk formations in southeast Texas,

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Noble Midstream Releases Updates on Permian Basin Commercial and Business Development

November 6, 2018

Noble Midstream Partners LP has released a commercial and business development update for its operations in the Permian Basin in Texas. HIGHLIGHTS INCLUDE: • Noble Midstream has entered into a letter of intent with Salt Creek Midstream to form a

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