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SRC Energy to Acquire Noble Energy’s DJ Basin Assets for $608 Million, Colorado
November 9, 2017
Texas-based Noble Energy has agreed to sell nearly 30,200 net acres from its non-core DJ Basin position in Colorado to SRC Energy for a sum of $608m. SRC Energy, which is based in Denver, Colorado, is an independent operator in
OPEC Already Considering $70 a Barrel for Oil
November 7, 2017
As recently as OPEC’s last meeting, back in May, several oil ministers were talking quite casually about $50 a barrel as a good price for crude. Don’t expect that to be repeated when they convene again at the end of
Senate Approves Nominees for Energy Oversight Commission
November 7, 2017
The Senate has approved two more members of the federal commission that oversees the nation’s power grid and natural gas pipelines, including President Donald Trump’s choice for chairman. On voice votes Thursday, senators approved Republican Kevin McIntyre to chair the
GOP Tax Plan Eliminates Billions in Green Energy Subsidies
November 7, 2017
The GOP’s plan to overhaul the U.S. tax code includes changes to green energy tax subsidies that lawmakers say will save taxpayers billions of dollars every year. Republicans want to modify production and investment tax credits for green energy projects,
American Midstream Partners to Acquire Southcross Energy Partners for $3 Billion
November 6, 2017
American Midstream Partners has signed agreements to acquire certain assets of Southcross Holdings and to merge with Southcross Energy Partners into a wholly owned subsidiary. The two deals, which are valued at $815m including debt, are expected to create a
Dynegy to Merge with Vistra Energy in $1.7 Billion Deal
November 3, 2017
Vistra Energy, the parent company for TXU Energy, Luminant, and Dynegy Inc., has approved, and the companies have executed, a definitive merger agreement to which Dynegy will merge with and into Vistra Energy in a tax-free, all-stock transaction, creating the
Alaska Regulators Order Review of Oil Wells After BP Leak in April
November 2, 2017
State oil and gas regulators are ordering oil wells that share a similar design to one that failed earlier this year in northern Alaska to be shut in and reported to the state. Alaska’s Energy Desk reports that the Alaska
Oil Search to Acquire Oil Assets in Alaska North Slope for $400 Million
November 2, 2017
Energy explorer Oil Search has agreed to acquire oil assets in Alaska North Slope from privately-owned companies Armstrong Energy and GMT Exploration Company for $400m. The assets include a 25.5 percent interest in the Pikka Unit and adjacent exploration acreage
March 2018: Department of Interior to Hold Gas Lease Sale of 76.9 Million Acres in Gulf of Mexico
November 1, 2017
U.S. Secretary of the Interior Ryan Zinke said that the department is proposing the largest oil and gas lease sale ever held in the United States—76,967,935 acres in federal waters of the Gulf of Mexico, offshore Texas, Louisiana, Mississippi, Alabama
Marcellus Shale Boom Cuts Costs for Pennsylvania Ratepayers
October 31, 2017
Pennsylvania’s Marcellus Shale gas boom has significantly cut energy costs for consumers across the state, according to a new study released Friday by the University of Pennsylvania. Residential gas customers have seen a price drop of 40 percent on average,
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