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Trump Budget Would Allow ANWR Drilling in Alaska, End Oil Revenue Sharing
May 30, 2017
The Trump administration’s fiscal 2018 budget proposal pitches a variety of legislative changes to boost federal revenue from the oil and gas industry, including the sale of oil and gas drilling leases in the Arctic National Wildlife Refuge and ending
DTE Energy Files FERC Application to Build Natural Gas Pipeline, Pa.
May 30, 2017
DTE Energy has filed for federal approval to build a natural gas pipeline connecting the planned Birdsboro power plant to a larger interstate pipeline in Oley Township . After months of meeting with landowners along the pipeline route and obtaining
Trump Proposes Sharp Cuts at Interior Department, Pushes for More Drilling on Public Lands
May 30, 2017
The White House wants to cut the Interior Department budget by about 12 percent as the Trump administration shifts the agency’s focus toward promoting fossil fuel drilling and extraction on public lands and in federal waters. The budget proposal released
EP Energy and Tesoro Establish Drilling JV in Utah’s Uinta Basin
May 30, 2017
EP Energy and Tesoro have established a joint venture (JV) to drill 60 wells in the Uinta basin in Utah, US. Texas-based midstream energy company, EP Energy owns 173,110 net acres in Duchesne and Uinta Counties in the Uinta Basin.
NuStar Acquires Crude Oil Gathering, Transportation, Storage Assets in Permian Basin for $1.475B
May 25, 2017
NuStar Energy L.P. has closed on the purchase of Navigator Energy Services, LLC for approximately $1.475 billion. With the purchase, NuStar now owns and operates crude oil transportation, pipeline gathering and storage assets located in the Midland Basin of West
Tallgrass Energy Acquires Additional Stake in Rockies Express Pipeline for $400 Million
May 25, 2017
Tallgrass Energy Partners, LP has acquired an additional 24.99 percent membership interest in Rockies Express Pipeline LLC (REX) from Tallgrass Development, LP for cash consideration of $400 million. The acquisition increases TEP’s ownership interest in REX to approximately 50 percent.
Meritage Midstream Subsidiary Acquires Devon Energy’s Midstream Assets, Wyoming
May 25, 2017
Meritage Midstream Services II, LLC and its subsidiary Thunder Creek Gas Services, L.L.C., has acquired certain midstream assets located in the southern part of Wyoming’s Powder River Basin from Devon Energy Production Company, L.P., a wholly owned subsidiary of Devon
Magnetar Capital to Invest $250 Million in Lucid Energy Group
May 25, 2017
Midstream provider Lucid Energy Group has secured a preferred equity commitment of up to $250 million from Magnetar Capital, a leading alternative asset manager with assets under management of $13.8 billion. Magnetar’s investment will provide Lucid with additional growth capital
Diversified Gas & Oil to Acquire Titan Energy’s Appalachia and Marcellus Assets for $84.2 Million
May 24, 2017
Titan Energy, LLC said Friday it is selling its conventional Appalachia and Marcellus assets to Diversified Gas & Oil PLC for $84.2 million. The company said in a news release the transaction includes 8,400 oil and gas wells across Pennsylvania,
Kalnin Ventures Acquires Marcellus Shale Wells in $16.25 Million Deal, Pennsylvania
May 24, 2017
Kalnin Ventures LLC is purchasing interest in 34 wells in the Marcellus shale, the fourth such acquisition in just over 22 months in the oil and gas play. The wells are located in Wyoming County, Pennsylvania, in the northeastern corner
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