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Prime Rock Resources, New Dawn Energy to Jointly Develop Assets in Emerging Austin Chalk Play
June 17, 2019
Prime Rock Resources and New Dawn Energy have signed an agreement to jointly develop certain assets contributed by each company in central Louisiana targeting the emerging Austin Chalk play. The development area covers approximately 120,000 net acres in Allen, Avoyelles,
PBF Energy to Acquire Shell’s Martinez Refinery for $1 Billion, California
June 17, 2019
US petroleum refining company PBF Energy’s subsidiary PBF Holding has agreed to acquire Royal Dutch Shell’s 157,000 barrel-per-day Martinez Refinery and associated logistics assets in California for $1billion (£790 million). Along with the cash consideration, Shell, which is undertaking the
Howard Energy Partners Completes Expansion at Port Arthur Terminal Facility, Texas
June 17, 2019
Integrated midstream infrastructure and services provider Howard Energy Partners (HEP) has completed the expansion of its bulk liquid terminal facilities in Port Arthur and Corpus Christi, Texas. HEP said that the completion of projects would result in increase of Gulf
ExxonMobil and SABIC to Proceed with Construction of Chemical Facility and Cracker Facility, Texas
June 14, 2019
ExxonMobil and SABIC will proceed with the construction of a chemical facility and a 1.8 million metric ton ethane steam cracker in San Patricio County, Texas, leading to thousands of high-paying jobs and billions in economic output. “Building the world’s
Howard Energy Partners Completes Significant Expansion at Port Arthur Terminal Facility, Texas
June 14, 2019
Howard Energy Partners (HEP) has completed the expansions of its bulk liquid terminal facilities in Port Arthur and Corpus Christi, Texas. The completion of these projects increases HEP’s Gulf Coast terminal storage capacity to 2.6 million barrels with three ship
Eversource Energy Receives the Nation’s Highest Award for Supporting Employees in the Military
June 14, 2019
Eversource Energy has been selected as a winner of the 2019 Defense Employer Support Freedom Award, the government’s highest honor for a company for its support of employees who participate in the U.S. National Guard and Reserves. Eversource is one
Maxim Crane Works to Acquire Shaughnessy & Ahern Crane and S&A Cranes
June 14, 2019
Maxim Crane Works, Shaughnessy & Ahern Crane Co., S&A Cranes have entered into an agreement where Maxim will acquire the Shaughnessy Companies. The Shaughnessy Companies are one of the oldest providers of crane rental and related lift solutions servicing the
Phillips 66 and Bridger Pipeline Establish Liberty Pipeline Joint Venture
June 13, 2019
Diversified energy manufacturing and logistics company Phillips 66 and liquids pipeline operator Bridger Pipeline have formed a new 50/50 joint venture for the construction of the Liberty Pipeline. Liberty Pipeline is a 24-inch pipeline that is intended to provide crude
Comstock Resources to Acquire Natural Gas Producer Covey Park for $2.2 Billion
June 13, 2019
Comstock Resources has agreed to acquire Texas-based natural gas company Covey Park in a cash-cum-stock deal worth around $2.2 billion (£1.73 billion). The consideration for the acquisition includes the assumption of the outstanding debt of Covey Park and the retirement
Hartree to Acquire Martin Midstream’s Natural Gas Storage Assets for $215 Million
June 13, 2019
Master limited partnership Martin Midstream Partners has signed an agreement with Hartree Bulk Storage subsidiary Hartree Cardinal Gas to sell interests in natural gas storage assets for $215 million in cash. Martin Midstream GP, the General Partner of the Partnership,
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