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Range Resources and Memorial Resource Development to Merge in $4.4 Billion Deal
May 17, 2016
Range Resources Corporation and Memorial Resource Development Corp. (MRD) have agreed to a definitive merger agreement under which Range will acquire all of the outstanding shares of common stock of MRD in an all-stock transaction valued at $4.4 billion. This
Fortuna Resources Secures $75 Million to Pursue Oil and Gas Acquisitions, Opportunities, Texas
May 17, 2016
Fortuna Resources Holdings, LLC has secured $75 from affiliates of Och-Ziff Capital Management Group LLC, with an option to increase to $150 million. The investment is focused on expanding Fortuna’s activities in the West Texas Permian Basin and related areas
CFIUS Clears Proposed Acquisition of Columbia Pipeline Group by TransCanada
May 17, 2016
The Committee on Foreign Investment in the United States (CFIUS) has cleared the proposed acquisition of Columbia Pipeline Group, Inc. (CPG) by TransCanada Corporation. Receipt of this notification from CFIUS satisfies one of the conditions to the closing of the
EVX Midstream Partners to Build Eagle Ford Water Gathering System, Texas
May 17, 2016
EVX Midstream Partners, LLC has entered into a definitive agreement to build a produced water gathering system in the Eagle Ford oil window. The gathering system and surrounding facilities (EVX South Texas) will be underpinned by a fee-based, 15-year agreement
Chesapeake Utilities Begins Regulatory Process for Its 2017 Expansion Project on East Coast
May 17, 2016
Chesapeake Utilities Corporation’s natural gas transmission subsidiary, Eastern Shore Natural Gas Company, has submitted a request to the Federal Energy Regulatory Commission (FERC) to initiate FERC’s pre-filing procedures for Eastern Shore’s proposed 2017 Expansion Project. The 2017 Expansion Project consists
Enterprise Commissions Natural Gas Processing Plant in Delaware Basin
May 17, 2016
Enterprise Products Partners announced the start of commercial operations at the company’s new cryogenic natural gas processing facility in Eddy County, New Mexico. The South Eddy plant, which is supported by long-term, fee-based agreements, has a nameplate capacity of 200
NGPL Seeks Solicitation Interest for Two Natural Gas Pipeline Systems in Chicago and Gulf Coast
May 17, 2016
US-based Natural Gas Pipeline Company of America (NGPL) is seeking solicitations of interest in additional capacity for its two natural gas pipeline systems. The firm is planning to undertake a second phase expansion of its Chicago Market expansion project and
EIA Report: Oil Demand Set to Rise but Opec Will Boost Production
May 17, 2016
Global demand for oil is tipped to increase by 2020 but OPEC is likely to increase production to keep its share of the market, according to a report. World use of petroleum and other liquid fuels is set to rise
NETL Captures First-Ever Comprehensive Hydraulic Fracturing Research Data from 1.5 Miles Underground
May 16, 2016
The U.S. Department of Energy’s National Energy Technology Laboratory (NETL), working with the Gas Technology Institute, Laredo Petroleum, and other industry partners, has collected what is possibly the world’s most comprehensive hydraulic-fracturing research dataset in unconventional shale. This data —
EQT to Acquire 62,500 Core Marcellus Acres for $407 Million, West Virginia
May 16, 2016
EQT Corporation has signed a definitive agreement to acquire 62,500 net acres, and current natural gas production of 50 MMcfe per day from Statoil USA Onshore Properties, Inc. for $407 million, subject to customary closing conditions. The transaction is expected
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