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Canada’s Surge Energy to Acquire Mount Bastion for $243 Million
September 10, 2018
Surge Energy has agreed to acquire its rival Canadian oil and gas company Mount Bastion Oil and Gas (MBOG) for C$320m ($243.62m). The Calgary-based Surge Energy said that the acquisition will add more than 600 million barrels of net internally
Enterprise Starts Construction of NGL Fractionator in Mont Belvieu, Texas
September 10, 2018
Enterprise Products Partners has broken ground on a new natural gas liquids (NGL) fractionator near its Mont Belvieu, Texas complex. The new unit will have a nameplate capacity of 150,000 barrels per day (“BPD”), giving Enterprise 905,000 BPD of fractionation
Talos Energy Acquires Whistler Energy II for $52 Million
September 10, 2018
S-based oil and natural gas producer Talos Energy has completed acquisition of Whistler Energy II, for $52m . Year to date gross production from Whistler’s assets is approximately 1,900 barrels of oil equivalent per day (“Boepd”), or net production after
Oryx Midstream Extends Binding Open Season in the Delaware Basin
September 7, 2018
Oryx Midstream Services II, LLC has extended the joint open season currently being held by its operating subsidiaries, Oryx Delaware Oil Gathering New Mexico, Oryx Delaware Oil Gathering Texas, Oryx Western Delaware Oil Gathering, and Oryx Delaware Oil Transport, for
BLM Lifts Work Stoppage Order at Mountain Valley Pipeline Project, W. Va.
September 7, 2018
Mountain Valley Pipeline, LLC released the following statement in response to individual orders issued by the Federal Energy Regulatory Commission (FERC) and the U.S. Court of Appeals for the Fourth Circuit on August 29, 2018, for the Mountain Valley Pipeline
Parsons Named EPC Partner for $3.4 Billion Natural Gas Storage Facility, Appalachian Basin
September 6, 2018
Parsons has been named as the engineering, procurement and construction (EPC) partner by the Appalachia Development Group (ADG) for its $3.4bn Appalachia Storage and Trading Hub (ASTH) project in the US. The ASTH is a proposed underground storage facility for
Eni Acquires Caelus’ 124 Onshore Exploration Leases, Alaska
September 6, 2018
Eni has acquired 124 onshore exploration leases in the US state of Alaska from Caelus Alaska Exploration for an undisclosed price. The Italian energy company will hold 100 percent working interest in all the leases which are located in the
Canadian Court Quashes Approval of Trans Mountain Pipeline Expansion
September 6, 2018
Canada’s Federal Court of Appeal has quashed the approval for the C$7.4bn ($5.5bn) Trans Mountain pipeline expansion project. A panel of three judges unanimously ruled that the process adopted in approving the pipeline project was flawed as argued by certain
Flint Hills to Expand Storage and Outbound Crude Loading Capacity at Storage Terminal, Texas
September 5, 2018
Flint Hills Resources plans to expand storage and outbound crude loading capacity at its storage terminal in Ingleside, Texas to approximately 380,000 barrels per day. The project currently consists of construction of four new crude storage tanks, 60,000 barrels per
PennEnergy to Acquire Assets of Appalachian Basin Operator Rex Energy for $600 Million
September 4, 2018
PennEnergy Resources, a Pennsylvania-based natural gas producer, has agreed to acquire almost all the assets of its rival Rex Energy for $600.5m in an-cash deal. Rex Energy, which is also based in Pennsylvania, had recently filed for bankruptcy. Its transaction
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