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Teine Energy to Acquire Penn West Petroleum’s Saskatchewan Assets for $975 Million
June 15, 2016
Penn West Petroleum Ltd. has entered into a definitive agreement for the sale of all of its Saskatchewan assets, including its Dodsland Viking area, for cash consideration of $975 million, subject to normal closing adjustments. The Saskatchewan assets are split
Hunt Oil Company and TSSP to Jointly Develop Midland Basin Acreage, Texas
June 15, 2016
TSSP and Hunt Oil Company have signed an agreement to develop certain of Hunt Oil’s assets in the Midland Basin in Texas. The development area covers approximately 18,000 net acres across Martin, Glasscock, Midland and Upton counties. Under the agreement,
Lime Rock Resources to Acquire Natural Resource Partners’ Williston Basin Oil and Gas Assets
June 15, 2016
Natural Resource Partners L.P. (NRP)‘s NRP Oil and Gas LLC has signed a definitive agreement with Lime Rock Resources IV-A, L.P. to sell all of its Williston Basin non-operated oil and gas working interest assets for $116.1 million before transaction
Par Pacific to Acquire Wyoming Refining and Related Logistics Assets for $271.4 Million
June 15, 2016
Par Pacific Holdings, Inc. has entered into a definitive agreement to acquire Hermes Consolidated, LLC (dba Wyoming Refining Company) for approximately $271.4 million, including the assumption of $58 million of indebtedness. No additional consideration will be paid for the working
National Fuel Extends Marcellus Shale Joint Development Agreement with IOG Capital, Pa.
June 15, 2016
National Fuel Gas Company’s wholly owned exploration and production subsidiary, Seneca Resources Corporation, and IOG CRV - Marcellus, LLC, an affiliate of IOG Capital, LP, and funds managed by affiliates of Fortress Investment Group LLC, have agreed to a modified
Teine Energy to Acquire Penn West Petroleum’s Saskatchewan Assets for $763 Million
June 15, 2016
Penn West Petroleum has signed agreement to divest all of its Saskatchewan assets, including its Dodsland Viking area, to Teine Energy for CAD$975m ($763m). The sale is a part of Penn West Petroleum’s effort to streamline and high-grade the remainder
EnLink Midstream to Build New Crude Oil Gathering System in Permian Basin, Texas
June 15, 2016
EnLink Midstream is planning to build new crude oil gathering system in Upton and Midland counties in the Permian Basin. Construction of the Greater Chickadee oil gathering system is estimated to cost approximately $70m to $80m. The project involves construction
New Study Reveals Huge Shale and Gas Deposit in Colorado’s Mancos Shale Formation
June 15, 2016
A new study by the US Geological Survey (USGS) has revealed a potential for massive shale and tight gas deposits in the Mancos Shale Formation in Colorado. According to the survey, the undiscovered technically recoverable resources in the Mancos deposit
Oil Holds at US$50 a Barrel
June 15, 2016
The global oil glut could take over a year to dry up, disappointing those thinking higher oil prices could signal the end of the industry’s woe, experts say. BP PLC chief economist Spencer Dale said oil prices are unlikely to
Corpac Group Acquires Assets of Pipe Exchange
June 14, 2016
Corpac Group has acquired the assets of Pipe Exchange, including its From the Oil Patch Publication from Merfish Pipe Holdings, LLP. This strategic purchase allows the opportunity for further expansion into North American energy markets. Pipe Exchange will continue to
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