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Liberty Oilfield Closes $448 Million Deal Buying Schlumberger’s OneStim Fracking Business
January 6, 2021
The Mile High City’s Liberty Oilfield Services and international oilfield powerhouse Schlumberger Limited announced an agreement in early September for the contribution of Schlumberger’s onshore hydraulic fracturing business in both the U.S. and Canada, called OneStim, in exchange for a
Houston Ship Channel Expansion Authorized by Congress
January 6, 2021
Congress has passed the 2020 Water Resources Development Act. The bill formally authorized the expansion of the Houston Ship Channel, which was recently ranked the #1 U.S. Port in total waterborne tonnage. The channel is the busiest waterway in the
Max Midstream and Calhoun Port Authority to Expand Calhoun Port, Texas
January 5, 2021
Max Midstream and the Calhoun Port Authority said that with the recent passage of the Water Resources and Development Act by Congress that expansion of the Calhoun Port will begin in 2021. The national legislation included language pursued by both
MineralAnswers.com Launches New Social Network for Mineral and Royalty Owners
January 5, 2021
MineralAnswers.com has launched its new social network, Community. Aimed at providing a peer-to-peer as well as peer-to-expert community for mineral and royalty owners. Community gives MineralAnswers.com users a way to ask questions that can be answered by other owners on
Approved Oil Company Acquires Original Energy
January 5, 2021
Approved Oil Company has acquired Original Energy’s – Heating Oil and Service Division. Established in 1928, Original Energy has been delivering heating oil and offering mechanical services to commercial and residential customers throughout New York City. “This acquisition is in-line
Denbury to Acquire Wyoming CO2 Enhanced Oil Recovery Fields for $12 Million
January 4, 2021
Denbury has entered into an agreement with a subsidiary of Devon Energy Corporation to acquire a nearly 100 percent working interest (approximately 83 percent net revenue interest) in the Big Sand Draw and Beaver Creek oil fields located in Freemont
PG&E to Sell Pleasant Creek Natural Gas Storage Field, California
January 4, 2021
Pacific Gas and Electric Company (PG&E) said it plans to sell its Pleasant Creek natural gas storage field, located in Yolo County, Calif. The Pleasant Creek field is the smallest of four underground natural gas storage fields owned wholly or
BLM Issues Record of Decision for Converse County Oil and Gas Project, Wyoming
December 28, 2020
The U.S. Bureau of Land Management (BLM) issued a record of decision (ROD) for the proposed Converse County Oil and Gas Project in Wyoming. The project, which is expected to strengthen domestic energy production and independence, is proposed by Anadarko
Diamondback Energy to Acquire QEP Resources for $2.2 Billion
December 28, 2020
US-based Diamondback Energy has agreed to acquire oil and gas exploration and production firm QEP Resources in an all-stock transaction worth nearly $2.2 billion. Under the terms of the agreement, QEP stockholders will receive 0.05 shares of Diamondback common stock
Earthstone Energy to Acquire Warburg-backed Midland Basin Operator in $185.9 Million Deal
December 28, 2020
Earthstone Energy has entered into a definitive agreement to acquire Independence Resources Management (IRM), a privately held independent E&P company backed by Warburg Pincus and its affiliates and operating in the Midland Basin. The aggregate purchase price of the transaction
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