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Magnetar Capital to Invest $250 Million in Lucid Energy Group
May 25, 2017
Midstream provider Lucid Energy Group has secured a preferred equity commitment of up to $250 million from Magnetar Capital, a leading alternative asset manager with assets under management of $13.8 billion. Magnetar’s investment will provide Lucid with additional growth capital
Diversified Gas & Oil to Acquire Titan Energy’s Appalachia and Marcellus Assets for $84.2 Million
May 24, 2017
Titan Energy, LLC said Friday it is selling its conventional Appalachia and Marcellus assets to Diversified Gas & Oil PLC for $84.2 million. The company said in a news release the transaction includes 8,400 oil and gas wells across Pennsylvania,
Kalnin Ventures Acquires Marcellus Shale Wells in $16.25 Million Deal, Pennsylvania
May 24, 2017
Kalnin Ventures LLC is purchasing interest in 34 wells in the Marcellus shale, the fourth such acquisition in just over 22 months in the oil and gas play. The wells are located in Wyoming County, Pennsylvania, in the northeastern corner
Ex-coal CEO Don Blankenship Seeks Vindication in Mine Blast After Year in Prison
May 24, 2017
After finishing a one-year prison sentence, a former West Virginia coal executive has wasted no time resuming a campaign for vindication in the deadliest U.S. mine disaster in four decades. In a phone interview Friday, ex-Massey Energy CEO Don Blankenship
Oceaneering Expands Scope of Supply on Shell’s Appomattox Development, Gulf of Mexico
May 23, 2017
Oceaneering International will support the design, fabrication and installation of ancillary flowline hardware at Royal Dutch Shell’s Appomattox development in the Gulf of Mexico. The latest deal adds to Oceaneering’s supply contract of electro-hydraulic steel tube control for the same
ExxonMobil and SABIC to Conduct Study on Texas Petrochemical Project
May 23, 2017
ExxonMobil and Saudi Basic Industries Corporation (SABIC) have signed an agreement to carry out a detailed study of the proposed jointly-owned petrochemical complex in Texas, US. The agreement was signed in the presence of Saudi Arabia King Salman bin Abdulaziz
Noble Energy to Divest 50% Stake in Cone Gathering for $765 Million
May 23, 2017
Oil and natural gas exploration and production firm Noble Energy has agreed to divest its 50 percent stake in a company that operates pipelines in the Marcellus Shale to Quantum Energy Partners for $765m. Noble Energy would sell a holding
WildHorse to Acquire Eagle Ford Acreage from Anadarko and KKR for $625 Million
May 19, 2017
WildHorse Resource Development has agreed to purchase around 111,000 net acres and associated production in the Eagle Ford Shale play from Anadarko Petroleum and Kohlberg Kravis Roberts & Cofor about $625m. The deal included the payment of $556m of cash
TransCanada to Divest Stake in Iroquois and PNGTS to TC PipeLines for $765 Million
May 19, 2017
TransCanada has agreed to divest its 49.3 percent stake in Iroquois Gas Transmission System, along with remaining 11.8 percent interest in Portland Natural Gas Transmission System (PNGTS), to its master limited partnership, TC PipeLines. The deal, which is valued at
Department of Interior Considers New Testing for OIl and Gas, Offshore Atlantic
May 19, 2017
The Trump administration is considering letting six companies test for oil and natural gas off the Atlantic coast. The Wednesday decision by the Interior Department is an early step toward potential drilling in the Atlantic Ocean, reversing an Obama administration
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