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August 16: U.S. to Offer 76 Million Acres for Oil and Gas Exploration in Gulf of Mexico
July 17, 2017
US Secretary of the Interior Ryan Zinke has announced that the Department of the Interior would offer 75.9 million acres for oil and gas exploration in the Gulf of Mexico. The region-wide lease sale is scheduled to take place on
Silverback Receives $500 Million Equity Commitment from Encap Investments
July 14, 2017
San Antonio, Texas-based oil and natural gas exploration company Silverback Exploration II has received an equity commitment of $500m from Encap Investments. The company was formed by the same team that formed Silverback Exploration, LLC (Silverback I) and it was
Halcón Resources to Divest Williston Basin Assets to Bruin E&P for $1.4 Billion
July 14, 2017
Halcón Resources has agreed to divest its operated assets in the Williston Basin in the US to an affiliate of Bruin E&P Partners for $1.4bn in an all-cash deal. Bruin E&P Partners which is into the exploration and production business
Williams Partners Commissions First Phase of Hillabee Expansion Project, Alabama
July 14, 2017
Williams Partners has commissioned the first phase of its Hillabee expansion project to expand the capacity of the Transco pipeline system in Alabama, US. The commissioning expands the capacity of the Transco pipeline system by around 818,410 dekatherms per day
Summit Midstream and XTO to Build Gas Gathering and Processing System in Delaware Basin, New Mexico
July 14, 2017
Summit Midstream Partners and XTO Energy (XTO) have inked a deal to build a new natural gas gathering and processing system with an investment of $110m in the northern Delaware Basin in New Mexico. The new greenfield development project for
Energy Secretary Perry Encouraged By Fossil Fuel Research at NETL Lab, Pennsylvania
July 14, 2017
Energy Secretary Rick Perry touted the work being done at a Department of Energy lab near Pittsburgh to find more efficient and economical ways to find, extract and use fossil fuels and mocked those who call the “science settled” on
American Midstream Starts Binding Open Season for Crude Oil Deliveries to Dakota Access Pipeline
July 13, 2017
American Midstream Partners, LP has started a binding open season for volume commitments from existing receipt points on AMID’s Bakken pipeline system (Bakken System) to a newly constructed delivery point interconnecting into the Dakota Access Pipeline (DAPL) in Watford City.
Energy Transfer, Kogas, Shell Sign MOU to Study Lake Charles LNG Liquefaction Project, Louisiana
July 13, 2017
Dallas-based Energy Transfer’s subsidiary, Lake Charles LNG Export Company, LLC, has entered into a Memorandum of Understanding (MOU) with South Korea-based Korea Gas Corporation (Kogas) to study the feasibility of joint participation in the Lake Charles LNG Liquefaction Project. Houston-based
Plains All American Pipeline Starts Open Season for Delaware Basin to Cushing Pipeline
July 13, 2017
A subsidiary of Plains All American Pipeline, L.P. is conducting an open season for committed crude oil pipeline capacity from the Delaware Basin to Cushing, Oklahoma.The pipeline will originate at Conan Station in Loving County, Texas. Depending on the results
ConocoPhillips to Sell Barnett Assets for $305 Million
July 13, 2017
ConocoPhillips has entered into a definitive agreement to sell its interests in the Barnett to an affiliate of Miller Thomson & Partners LLC for $305 million plus net customary adjustments. Proceeds from this transaction will be used for general corporate
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