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Battle for Barrels of Oil Flowing from the North Intensifies
July 16, 2019
Pipeline companies have spent the past few years trying to capture as many barrels flowing out of Texas’ Permian Basin as possible to ease that region’s capacity issues. However, with midstream companies like Plains All American Pipelines constructing new oil
Senator Warren Proposes SEC Crackdown on Oil and Gas
July 16, 2019
Oil and gas companies could face greater regulatory pressure to disclose their financial risks to climate change in a Democratic administration. Senator Elizabeth Warren (D-MA) reintroduced legislation this week that would require publicly-traded companies to report their risks related to
Paleo Resources Commences Construction of Ranger Pipeline, Texas
July 15, 2019
Paleo Resources, Inc. has commenced construction of a gas pipeline for its Ranger A #1 well, located in Polk County, Texas. The pipeline is approximately 8,300 feet in length and will connect the well to the Kinder Morgan Tejas Pipeline
Total to Buy LNG and Invest in Tellurian’s Driftwood Terminal, Louisiana
July 15, 2019
US-based natural gas company Tellurian has announced the signing of definitive agreements with Total Delaware and Total Gas & Power North America, subsidiaries of Total, for Driftwood liquefied natural gas (LNG) terminal. Under the terms of agreement, Total Gas &
War Over Natural Gas Pipelines in New York Hits New Level
July 15, 2019
National Grid is trying to enlist its customers’ support in getting a natural gas pipeline built in New York – an unusual move for a utility and an indication of just how intense the battle over fossil-fuel pipelines has become,
Development Capital Resources Enters $165 Million Development JV in the Permian Basin
July 12, 2019
Development Capital Resources’ managed subsidiary, capitalized by funds managed by affiliates of Ares Management Corporation, has entered into a drilling and development joint venture with a private operator in the Permian Basin. The DCR-managed entity will invest up to $165
Resource Energy Acquires Bakken Play Assests in Divide County, North Dakota
July 12, 2019
Resource Energy Can-Am LLC has purchased assets operated by an undisclosed seller in the Bakken Play in Divide County, North Dakota. Under the terms of the agreement, Resource Energy purchased assets including 19 wells, 750 net BOEPD, and proved producing
JP Services Launches Water Management Division to Service Pipeline Owners and Operators
July 12, 2019
JP Services, a full turnkey pipeline integrity solutions company, has launched its new Water Management Division to service pipeline owners and operators. The Water Management Division will provide cradle-to-grave water services in coordination with JP Services midstream offering suite that
Plains All American Enters Expansion and JV with Delek Logistics for Red River Pipeline for $128M
July 12, 2019
Plains All American Pipeline entered capital-efficient expansion and new joint venture of its existing Red River Pipeline system. Delek Logistics Partners has purchased from a Plains’ subsidiary a 33 percent ownership interest in a new Red River Pipeline Company LLC
Encana to Sell Arkoma Basin Natural Gas Assets for $165.5 Million
July 11, 2019
Canada-based exploration company Encana announced that its wholly owned subsidiary, Newfield Exploration Mid-Continent, has signed an agreement to sell its natural gas assets in Oklahoma’s Arkoma Basin to an undisclosed buyer. The Arkoma assets owned by Encana include approximately 140,000
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