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Department of Interior Releases Results of Gulf of Mexico Region-wide Oil and Gas Lease Sale
August 20, 2018
The US Department of Interior (DOI) has announced results of Gulf of Mexico region-wide oil and gas lease sale. The lease sale 251 has generated $178m in high bids from a total of 29 companies for 144 tracts covering 801,288
Viking Energy Files Notice of Intention to Drill at 21 New Wells, Kansas
August 20, 2018
Viking Energy has filed a Notice of Intention to Drill with the Kansas Corporation Commission, Oil & Gas Conservation Division (KCC), to the proposed drilling of 21 new wells in Kansas, US. The Notices were filed with the Kansas Corporation
Diamondback Energy to Acquire Ajax Resources for $1.24 Billion
August 16, 2018
Diamondback Energy, a Texan oil and gas company, has agreed to acquire rival Ajax Resources in a cash-cum-stock deal worth around $1.24bn. As part of the deal, Diamondback Energy will acquire all leasehold interests and related assets of Ajax Resources
EPIC Companies Completes Merger with Ranger Offshore
August 16, 2018
EPIC Companies has announced the completion of combining its business with Ranger Offshore, a provider of subsea construction and related support services to the offshore oil and gas industry. EPIC is now a global, full service marine contractor, able to
Jacobs Secures Contract for Phase Two of Wapiti Gas Plant Expansion, Canada
August 16, 2018
Jacobs Engineering Group has received engineering services contract for phase two expansion of the midstream oil and gas operator Keyera’s Wapiti Gas Plant, which is under construction near Grande Prairie, Alberta, Canada. The phase two expansion project aims to add
Petroteq Completes Continuity Testing at Asphalt Ridge Facility, Canada
August 16, 2018
Petroteq Energy, an integrated oil and gas company, has completed continuity testing at its Asphalt Ridge facility and is making arrangements for continuous operations and marketing activities. “While the pricing and structure of the sales production/marketing strategy are yet to
Wisconsin Appeals Court Rejects Jackson County Frac Mine Challenge, Approves Go Ahead
August 16, 2018
A Wisconsin appeals court has rejected attempts by a group of landowners to block a proposed frac sand operation in western Wisconsin but may open a door for legal challenges based on damages that have yet to occur. Three families
Devon Energy Sells Non-Core Delaware Basin Acreage for $215 Million
August 15, 2018
Devon Energy Corp. has entered into a definitive agreement to sell 9,600 net acres of non-core Delaware Basin acreage in Ward and Reeves County to Carrizo Oil and Gas for $215 million. Net production from these properties is approximately 2,500
Diamondback Energy to Acquire Energen for $9.2 Billion
August 15, 2018
Diamondback Energy, Inc. and Energen Corporation have entered into a definitive agreement under which Diamondback will acquire Energen in an all-stock transaction valued at approximately $9.2 billion, including Energen’s net debt of $830 million as of June 30, 2018. The
EPIC Companies Acquires Ranger Offshore
August 15, 2018
EPIC Companies and Ranger Offshore have entered into a business combination of Ranger and Epic. EPIC is now a global, full service marine contractor, able to provide customer solutions worldwide. EPIC will continue to focus on serving all EPIC and
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