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British Columbia Province and Metlakatla First Nation Sign Agreement on Pacific NorthWest Project
February 22, 2017
The Province of British Columbia and the Metlakatla First Nation have reached new agreements to ensure benefits accrue as a result of the construction and operation of a liquefied natural gas (LNG) export industry in the Prince Rupert area. “With
California Resources Forms Joint Venture to Invest $250 Million in Oil & Gas Properties
February 21, 2017
California Resources Corporation (CRC) has formed a joint venture (JV) with Benefit Street Partners L.L.C. (BSP) to invest in CRC’s oil and gas properties in California, with a focus on development opportunities in multiple CRC producing fields. CRC will operate
Matador Resources Forms Joint Venture for Delaware Basin Midstream Assets
February 21, 2017
Matador Resources Company has formed San Mateo Midstream, LLC, a strategic joint venture between a wholly-owned subsidiary of Matador and a subsidiary of Five Point Capital Partners LLC to operate and expand Matador’s midstream assets in the Delaware Basin in
Fluor Awarded Engineering and Design Services Contract for Woodfibre LNG Project, Canada
February 21, 2017
Fluor Corporation has signed an agreement with JGC America, Inc. to provide construction-related support to the front-end engineering and design (FEED) services for the Woodfibre Liquefied Natural Gas (LNG) project in the District of Squamish near Vancouver, British Columbia, Canada.
Williams Partners to Acquire Additional Interests in Two Marcellus Shale Gathering Systems
February 20, 2017
Williams Partners L.P. has entered into an agreement with Western Gas Partners, LP, and certain of its affiliates pursuant to which Williams Partners will increase its ownership stake in two Marcellus Shale natural gas gathering systems already operated by Williams
Trump’s Plans to Expand Drilling on Federal Lands Begins With Largest Lease Sale in Four Years
February 20, 2017
The Bureau of Land Management (BLM) made its largest lease sale in four years, marking the start of President Donald Trump’s plans to expand drilling on federal lands. BLM sold drilling rights on 278 parcels of public land for $129.3
Judge Denies Request to Stop Dakota Access Pipeline
February 20, 2017
A district judge has denied two Native American tribes’ plea to stop construction on the final stretch of the Dakota Access Pipeline, the underground oil pipe the tribes claim will dirty their drinking water and make it impossible to practice
Parsley Energy to Acquire Double Eagle’s Permian Basin Assets for $2.8 Billion
February 20, 2017
Parsley Energy has signed an agreement to acquire certain assets in the oil-rich Permian Basin from Double Eagle Energy Permian for about $2.8bn. Under the terms of the deal, Parsley Energy will add 71,000 net leasehold acres including certain undeveloped
Dynegy Completes Acquisition of ENGIE’s U.S. Portfolio for $3.3 Billion
February 20, 2017
Dynegy Inc. has completed its acquisition of ENGIE’s United States portfolio for a total purchase price of $3.3 billion. The portfolio consists of 9,017 megawatts (MW) of generation capacity, more than 90 percent of which is gas-fueled. The plants are
EQT Wins Auction Bid to Acquire 53,400 Core Marcellus Acres for $527 Million
February 20, 2017
EQT Corporation has won a bankruptcy auction to acquire 53,400 core net Marcellus acres, including drilling rights on 44,100 net acres in the Utica and current natural gas production of approximately 80 MMcfe per day, from Stone Energy Corp. for
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