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Study Says Obama Way Overestimated Emissions from Oil Drilling Before Slapping on Regulations
July 12, 2018
The Obama administration relied on flawed data while crafting regulations meant to limit emissions from oil and gas production on federal lands, according to the Environmental Protection Agency (EPA). Texans for Natural Gas (TNG), an oil and gas interest group,
Sempra Energy’s IEnova to Build Liquid Fuels Marine Terminal in Sinaloa, Mexico
July 10, 2018
Sempra Energy announced that its Mexican subsidiary, Infraestructura Energética Nova (IEnova), has been awarded a 20-year contract by the Topolobampo Port Administration in Mexico to build and operate a receipt, storage and send-out liquid fuels marine terminal in the state
Strath Acquires Paramount Resources’ Montney Assets for $258 Million, Canada
July 10, 2018
Waterous Energy Fund-backed oil and gas firm Strath Resources has acquired oil and gas properties and related infrastructure at Resthaven/Jayar in the Kakwa region, Canada from Paramount Resources for C$340m ($258.17m). The acquisition is a part of Strath Resources’ strategy
Brookfield to Acquire Enbridge’s Canadian Natural Gas Gathering and Processing Businesses
July 9, 2018
North American energy infrastructure company Enbridge has signed an agreement to sell its Canadian natural gas gathering and processing business to Brookfield Infrastructure Partners and its institutional partners for C$4.31bn ($3.28bn). Under the terms of the agreement, Enbridge agreed to
Venado and KKR Partnership Acquires More Eagle Ford Oil Assets
July 9, 2018
Venado Oil and Gas, in partnership with global investment firm KKR has acquired certain Eagle Ford oil assets in South Texas from an undisclosed buyer. The Eagle Ford oil assets sold in the transaction include 22 producing wells and an
Ascent Resources to Acquire $1.5 Billion of Gas and Oil Assets in Utica Shale Play
July 6, 2018
Ascent Resources along with its subsidiaries will acquire certain natural gas and oil assets in the Utica shale play in the Appalachian Basin from Hess, CNX Resources, Utica Minerals Development, and an undisclosed fourth seller for a total price of
EQT to Sell $575 Million of Appalachian Basin Assets to Diversified Gas and Oil
July 6, 2018
EQT, a Pennsylvania-based natural gas producer has agreed to sell nearly 2.5 million net acres in the Huron Play in Southern Appalachia to Diversified Gas and Oil for $575m. The acreage to be divested, which is currently considered to be
SJI Acquires Elizabethtown Gas and Elkton Gas
July 6, 2018
SJI, an energy services company has completed its previously announced acquisition of New Jersey-based Elizabethtown Gas and Maryland-based Elkton Gas from a subsidiary of Southern Company Gas. With the close of the transaction, SJI becomes the second largest natural gas
EPA Proposes New Standards for Ethanol Regulations Costing Oil Companies Millions
July 6, 2018
Despite raising the standards, ethanol and biodiesel advocates slammed the EPA proposal and Pruitt for not addressing the agency’s liberal approval of hardship waivers relative to past administrations. Hardship waivers are granted to some small refineries that produce 75,000 barrels
Northern Oil and Gas to Acquire Producing Assets in Williston Basin, North Dakota
July 2, 2018
Minnesota-based Northern Oil and Gas has agreed to acquire producing assets in the Williston Basin of North Dakota from an undisclosed seller. Separately, Northern has entered into another negotiated exchange agreement with an institutional holder (the “Investor”) of its 8
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