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

Apache and Kayne Anderson to Form $3.5 Billion Permian Basin Midstream Firm

August 14, 2018

US-based oil producer Apache and investment firm Kayne Anderson Acquisition (KAAC) have agreed to form a $3.5bn worth pure-play, Permian basin midstream company. The publicly traded entity, named Altus Midstream Company, will be anchored by Apache’s gathering, processing and transportation

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Lotus Midstream to Acquire Occidental Petroleum’s Midstream Assets

August 14, 2018

Crude oil logistics provider Lotus Midstream has signed an agreement to acquire the Centurion pipeline system and a Southeast New Mexico crude oil gathering system from Occidental Petroleum. The Centurion pipeline system is an integrated network of approximately 4,828km of

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NuVista Energy to Acquire Pipestone Assets from Cenovus for $478 Million

August 14, 2018

Canadian oil and gas company NuVista Energy has agreed to acquire the Pipestone and Wembley natural gas and liquids business of Cenovus Energy located in the Pipestone area of Northwest Alberta in Canada, for C$625m ($478.8m). The assets held by

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Sempra Energy Launches North American Infrastructure Group

August 14, 2018

US-based natural gas utility firm Sempra Energy has formed a new operating group for its North American infrastructure businesses. It has also named Carlos Ruiz Sacristán chairman and CEO of the group, Sempra North American Infrastructure. Ruiz has served as

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Exxon Mobil Signs Letter of Intent to Support Permian Highway Pipeline Project

August 10, 2018

Kinder Morgan Texas Pipeline (KMTP), EagleClaw Midstream Ventures, and Apache Corporation said that Exxon Mobil Corporation has signed a letter of intent to support the proposed Permian Highway Pipeline Project (PHP Project). Under the letter of intent, ExxonMobil subsidiary XTO

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Williams Enters Transaction Resulting in Entry into Colorado’s Denver-Julesburg Basin

August 10, 2018

Williams has entered two midstream transactions that will result in its entry into Colorado’s Denver-Julesburg (DJ) Basin and the exit of Williams Partners L.P. from the Four Corners Area in New Mexico and Colorado. Williams and KKR & Co. have

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KKR and Williams to Acquire Discovery Midstream for $1.2 Billion

August 10, 2018

KKR has entered into an agreement to acquire Discovery Midstream from TPG Growth for approximately $1.2 billion. KKR is acquiring the provider of natural gas and oil gathering and natural gas processing services company through a newly formed joint venture

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Franco-Nevada and Continental to Acquire Mineral Rights in Scoop and Stack Shale Plays, Oklahoma

August 9, 2018

Franco-Nevada has entered into a partnership with US-based oil and gas firm Continental Resources to jointly acquire mineral rights in the Scoop and Stack shale plays of Oklahoma. In this regard, the Canada-based Franco-Nevada has agreed to pay around $220m

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Eon NRG Enters Powder River Basin with New Lease Acquisition

August 9, 2018

Eon NRG has leased exploration rights in a 640-acre land in the Powder River Basin in the US state of Wyoming from the state government. The acquisition of what is the company’s first lease in the Powder River Basin is

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Kosmos Energy to Acquire Deep Gulf Energy for $1.23 Billion

August 9, 2018

Reuters reported that Kosmos Energy has agreed to acquire Deep Gulf Energy (DGE) from its private equity owner for USD 1.23 billion, according to a bourse filing, expanding the deepwater oil and gas firm’s operations into the Gulf of Mexico.

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