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Dan Brouillette: Natural Gas is Key to Pennsylvania’s Economic Future
October 12, 2020
Natural gas shaped Pittsburgh’s past. It also holds the key to its future. Western Pennsylvania is blessed with abundant natural gas reserves, and it is imperative that we continue to support this industry to secure the immense economic benefits it
United States Sets Record for Natural Gas Consumption, Production, Exports in 2019
October 12, 2020
The United States set new records in natural gas production, consumption, and gross exports in 2019, according to the U.S. Energy Information Administration’s (EIA) Natural Gas annual report shows. U.S. natural gas consumption rose 3 percent, driven by increased natural
Texas Oil & Gas Association President: Industry Will Continue to Lead the Way on Environment
October 12, 2020
As BP reported oil demand will decline even as energy demand increases, the energy giant continues to diversify into the renewables energy market. The ultimate impact on the industry remains to be seen, Todd Staples, president of the Texas Oil
Hess to Sell Interest in Shenzi Field for $505 Million, Gulf of Mexico
October 9, 2020
Hess has entered into an agreement to sell its 28 percent working interest in the Shenzi Field in the deepwater Gulf of Mexico to BHP Billiton, the field’s operator, for a total consideration of $505 million, subject to customary adjustments.
Breakwater Energy Partners Completes Construction of Water Recycling Facility in Permian Basin
October 9, 2020
Breakwater Energy Partners has constructed the largest produced water recycling facility in the Permian Basin. The 80-acre facility, known as the Big Spring Recycling System (BSRS), has a throughput capacity of over 250,000 barrels per day of recycled produced water.
Alpha Energy to Acquire Pure Oil’s Oil and Gas Assets in Oklahoma in the Rogers Project
October 9, 2020
Alpha Energy has entered into a definitive purchase and sale agreement with Pure Oil Company, Inc. to acquire oil and gas assets in Oklahoma in the Rogers Project. “Our strategy at Alpha is to identify assets that are shallow, have
Schlumberger Sells Its North America Fracking Business to Liberty Oilfield Services
October 9, 2020
Liberty Oilfield Services and Schlumberger entered into an agreement for the contribution of Schlumberger’s onshore hydraulic fracturing business in the United States and Canada (OneStim®), including its pressure pumping, pumpdown perforating, and Permian frac sand businesses to Liberty in exchange
Citizen Energy to Acquire Blue Mountain Midstream for $111 Million
October 9, 2020
Riviera Resources has signed a definitive agreement to sell its wholly owned subsidiary, Blue Mountain Midstream to Citizen Energy in an all cash transaction valued at approximately $111 million. The company expects the transaction will close early in the fourth
TC Energy to Acquire Remaining Stake in TC PipeLines for $1.48 Billion
October 8, 2020
Canadian energy company TC Energy has made an offer to acquire the remaining stake that it does not already own in TC PipeLines for about $1.48 billion. Under the non-binding offer, TC Energy intends to acquire the common units of
BHP to Acquire Hess’ Stake in Shenzi Field for $505 Million, Gulf of Mexico
October 8, 2020
BHP Billiton has entered into an agreement with Hess to acquire 28 percent stake in the Shenzi field in the Gulf of Mexico. The purchase price of the Shenzi field stake is $505 million. BHP is currently the operator of
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