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Lucas Energy Signs Agreement to Fund Development of Eagle Ford Shale Assets, Texas
September 2, 2016
Lucas Energy’s wholly-owned subsidiary, CATI Operating, entered into an agreement with its senior lender, as evidenced by a promissory note, to borrow $1m. The company plans to use the funds to participate in the drilling and completion of certain Eagle
Matador Commissions Cryogenic Natural Gas Processing Plant, New Mexico
September 2, 2016
Matador Resources Company has completed the successful start-up last week of the Black River cryogenic natural gas processing plant Matador built in its Rustler Breaks prospect area in the Delaware Basin of Eddy County, New Mexico. The Black River processing
Pioneer Natural Resources Closes Midland Basin Acres Acquisition for $435 Million, Texas
September 1, 2016
Pioneer Natural Resources Company has closed the previously reported acquisition of approximately 28,000 net acres in the Midland Basin from Devon Energy for $435 million, before normal closing adjustments. The acquired acreage is located in Martin, Midland, Upton, Reagan, Glasscock,
Safway Group Canada Acquires Dalco Services
September 1, 2016
Safway Group Canada has acquired Dalco Services Inc., effective August 24, 2016. Dalco provides full-service lining, coatings and abrasive solutions throughout Western Canada, specializing in 100 percent solid Epoxy spray applications and internal pipe lining; Sponge-Jet low-dust abrasive blasting; turnarounds;
Submission Deadline for World Energy Awards Ends September 22
September 1, 2016
The prestigious World Energy Awards, which celebrate the outstanding achievements of individuals or organizations in securing a more sustainable energy future, are approaching the submission deadline of September 22. The awards will be announced on October 19 in front of
ExxonMobil to Pull Out of $45 Billion Alaska LNG Project
August 31, 2016
ExxonMobil has decided to pull out of the proposed natural gas export terminal in Alaska amid growing concerns over the profitability of the project. The company said that it would work with its partners — BP and Conoco Phillips —
Vivakor Begins Oil Production at Its Oil Sands Project in Utah
August 30, 2016
Vivakor Inc. has begun officially operating its proprietary oil extraction technology and producing oil in Vernal, Utah. The company had been previously testing its distinctive oil production process from the oil sands in Eastern Utah. Vivakor offers investors a unique
Eagle LNG Submits Draft Resource Report 13 to FERC for Its Jacksonville Facility, Florida
August 30, 2016
Eagle LNG Partners has achieved a major milestone by submitting draft resource report 13 for the Jacksonville Project to the Federal Energy Regulatory Commission (FERC). This filing is part of the FERC pre-filing process. With the submittal of all 13
Saturn Minerals Acquires 158 Sections of Oil & Gas Exploration Permits, Canada
August 29, 2016
Saturn Minerals Inc. has acquired 158 sections (41,000 hectares / 410 sq.km) of oil & gas special exploration permits. The acquisition of these additional permit areas are the result of a technical evaluation of drilling programs carried out on the
PBF Logistics to Acquire 50% Stake in Torrance Valley Pipeline Company for $175 Million
August 29, 2016
PBF Logistics LP has entered into a letter of intent to acquire a 50 percent interest in Torrance Valley Pipeline Company LLC (TVPC) from an affiliate of PBF Energy Inc. for a total consideration of approximately $175.0 million in cash.
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