Oil, Gas and Shale
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NEWS Click on text to read news by category: General | Product | People | Worldwide

WaterBridge Secures $345 Million Capital to Fund Acquisitions

December 20, 2019

Houston-based company WaterBridge has raised $345 million of equity capital to fund its acquisitions of water infrastructure and growth projects. The proceeds will be used by WaterBridge to acquire produced water infrastructure from Primexx Energy Partners, Tall City Exploration III,

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Atmos Energy Releases 2019 Corporate Responsibility and Sustainability Report

December 20, 2019

Atmos Energy Corporation has released its 2019 Corporate Responsibility and Sustainability (CRS) Report. The report details its focus on safety, strong governance, commitment to protecting the environment and support of the communities in which they live, work and serve neighbors,

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Schlumberger Becomes First Company to Commit to Science-Based Target in Emissions Reduction

December 20, 2019

Schlumberger announced today its commitment to setting a science-based target to reduce its greenhouse gas (GHG) emissions. Schlumberger’s commitment has been submitted to the Science Based Targets initiative (SBTi) and, in line with the defined criteria, Schlumberger will define its

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Basalt Acquires Natural Gas Transmission Business from Third Coast Midstream

December 20, 2019

A fund managed by Basalt Infrastructure Partners II GP has completed the acquisition of Third Coast Midstream’s natural gas transmission business. The Houston-based business will be rebranded as Black Bear Transmission. “We are very excited to add Black Bear Transmission

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BLM Holds Successful Oil and Gas Lease Sale for Mississippi and Ohio

December 19, 2019

In keeping with the Administration’s goal of promoting America’s energy independence, the Bureau of Land Management-Eastern States (BLM-ES) held a quarterly oil and gas lease sale December 12, 2019, that resulted in competitive bids on all of the twenty parcels

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WPX Energy to Acquire Colorado-based Felix Energy for $2.5 Billion

December 19, 2019

WPX Energy, an Oklahoma-based oil and gas company, has agreed to acquire Felix Energy, a Delaware Basin operator, for $2.5 billion in a cash-cum-stock deal. As per the terms of the transaction, WPX Energy will pay $900 million in cash

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Blackstone-led Group Signs Deal to Takeover Tallgrass Energy

December 19, 2019

US midstream company Tallgrass Energy (TGE) has accepted a sweetened takeover offer of $22.45 per share from Blackstone Infrastructure Partners and other investors. In this connection, the Kansas-based pipeline operator has signed a definitive merger agreement with affiliates of Blackstone

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Weatherford Emerges from Chapter 11

December 19, 2019

Weatherford International has completed its financial restructuring and emerged from chapter 11 protection. The company emerges with a stronger financial foundation, having reduced approximately $6.2 billion of outstanding funded debt, secured $2.6 billion in exit financing facilities, including a $450

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Petrofac to Acquire W&W Energy Services

December 18, 2019

Petrofac Limited has signed a sale and purchase agreement with the shareholders of W&W Energy Services to acquire an entry-level position in the U.S. onshore operations and maintenance market. W&W offers maintenance, repair, and overhaul and pipeline tie-in services in

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BKV Oil & Gas to Acquire Devon’s Barnett Shale Assets for $770 Million

December 18, 2019

Devon Energy Corp. has entered into a definitive agreement to sell its assets in the Barnett Shale to Banpu Kalnin Ventures (BKV) for $770 million. “Devon’s transformation to a U.S. oil growth business is now complete. The timely and tax-efficient

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