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Magellan and Valero to Expand Pasadena Marine Storage Facility, Texas
September 18, 2017
Magellan Midstream Partners has partnered with Valero Energy to form a joint venture (JV) firm for the expansion of Pasadena marine terminal in the US. Under the deal, the companies will form a limited liability firm to expand and develop
IOG Capital Strikes $130 Million Deal for Development Drilling Programs, Texas
September 18, 2017
IOG Capital has struck deals for three joint development drilling programs in Eagle Ford, Merge, and Arkoma-Woodford which are expected to be carried out with an investment of to $130m. The Texas-based energy investment firm says that the development programs
Elk Petroleum to Acquire Resolute’s Stake in Aneth Field for $195 Million, Utah
September 18, 2017
Elk Petroleum has agreed to acquire Resolute Energy’s interests in Aneth Field of Paradox Basin for around $195m. Under the deal, Elk will acquire Resolute’s subsidiary, which has stake in Aneth Field of Paradox Basin located in Southeastern Utah, US.
Occidental Petroleum to Acquire Hess’s Permian Basin Oil Recovery Assets for $600 Million
September 15, 2017
Hess Corporation has entered into an agreement to sell its interests in enhanced oil recovery (EOR) assets in the Permian Basin to Occidental Petroleum Corporation for a total consideration of $600 million. Proceeds from the sale will be used to
Talos Energy Makes Historic Oil Discovery Offshore Mexico
September 15, 2017
Talos Energy as operator, together with its joint venture partners Sierra Oil and Gas S. de R.L de C.V. and Premier Oil Plc has discovered oil at Zama-1 exploration well, offshore Mexico. Talos holds a 35 percent participation interest with
Pin Oak Energy Partners Acquires Oil and Gas Assets in Ohio and Pennsylvania
September 15, 2017
Pin Oak Energy Partners LLC has closed on a transaction with an undisclosed seller to acquire oil and gas assets in Trumbull, Tuscarawas and Mahoning Counties in Ohio and Mercer, Crawford and Venango Counties in Pennsylvania. “This acquisition adds to
Tallgrass Energy Acquires Outrigger Energy’s Crude Oil Gathering System for $36M, Powder River Basin
September 15, 2017
Tallgrass Energy Partners, through its subsidiary Tallgrass Midstream, LLC (TMID) has closed on the acquisition of Outrigger Energy LLC’s crude oil gathering system in the Powder River Basin for approximately $36 million, subject to potential adjustments specified in the purchase
Devon Energy to Divest Its Eagle Ford Play Assets for $340 Million, Texas
September 15, 2017
Devon Energy Corp. has entered into a definitive agreement to monetize its Lavaca County assets in the Eagle Ford play. Combined with other minor asset sales completed across its U.S. operations, proceeds from the company’s recently reported $1 billion divestiture
American Midstream Enters JV with AMID and Targa Midstream for Cayenne Pipeline, Louisiana
September 15, 2017
American Midstream Partners has entered into a joint venture agreement between AMID and Targa Midstream Services LLC creating Cayenne Pipeline, LLC. Cayenne will transport Y-grade NGLs from the Targa-operated Venice Energy Services Company, LLC gas processing plant to Enterprise Products’
Wood Group and Amec Foster Wheeler Merger Secures Approval in UK
September 14, 2017
The UK competition watchdog has approved the £2.2bn merger of Wood Group and Amec Foster Wheeler after the companies agreed to sell North Sea oil and gas assets. In May, Wood Group had offered to divest most of Amec Foster
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