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Tesoro to Acquire Western Refining for $4.1 Billion
November 23, 2016
US-based oil refiner Tesoro has entered into an agreement to buy Western Refining for $4.1bn to create a highly integrated and geographically diversified company. The acquisition is expected to offer a strong platform for earnings growth and cash flow generation
Castleton Acquires Anadarko’s East Texas Assets for $1 Billion
November 23, 2016
Castleton Commodities International (CCI) has acquired certain East Texas assets from Anadarko Petroleum for over $1bn. The commodity trader has acquired the Carthage upstream and midstream assets from subsidiaries of Anadarko Petroleum in a bid to expand in foot print
Sunoco Logistics to Acquire Energy Transfer Partners for $20 Billion
November 23, 2016
Sunoco Logistics Partners has agreed to acquire Energy Transfer Partners (ETP) LP for nearly $20bn to strengthen its midstream business. The transaction, which combines the premier crude oil midstream master limited partnership (MLP) with the premier natural gas midstream MLP,
Department of Interior Unveils Five-year Oil and Gas Leasing Plan for Outer Continental Shelf
November 23, 2016
The US Department of Interior (DOI) and the Bureau of Ocean Energy Management (BOEM) have unveiled a five-year offshore oil and gas leasing plan for the country’s Outer Continental Shelf (OCS). The 2017-2022 plan offers 70 percent of economically recoverable
Concho Resources Acquires Northern Delaware Basin Assets for $430 Million
November 22, 2016
Concho Resources Inc. has reached a definitive agreement to acquire approximately 24,000 gross (16,400 net) acres in the northern Delaware Basin for approximately $430 million. The acquired acreage is complementary to the company’s leasehold position in the northern Delaware Basin,
Dynegy Completes Sale of Elwood Energy Facility for $172.5 Million, Illinois
November 22, 2016
Dynegy Inc. has finalized the sale of its 50 percent equity interest in the Elwood Energy Facility to its partner, J-Power USA Development Co. Ltd. for $172.5 million in cash. The natural gas-fueled peaking facility in Elwood, IL has a
Swift Energy Sharpens Focus on Eagle Ford at Its Lake Washington Field, Louisiana
November 22, 2016
Swift Energy Company has entered into a purchase and sale agreement providing for the company to sell its Lake Washington field in South East Louisiana. This strategic divestiture is a significant step in achieving the company’s goal of becoming a
Feds Cancel Devon Energy’s Drilling Leases Near Tribal Land in Montana
November 18, 2016
Federal officials have canceled 15 oil and gas drilling leases near land sacred to the Blackfeet Nation tribe in Montana, the Interior Department announced on Wednesday. Devon Energy Corp., which held drilling rights in the Badger-Two Medicine Area of the
Obama to Block New Arctic Drilling
November 18, 2016
President Obama is planning in the coming days to release an offshore oil and natural gas plan that blocks new drilling leases in the Arctic Ocean through 2022, people familiar with the plan said. The decision is part of the
McConnell Asks Trump to Approve Keystone Pipeline
November 18, 2016
Senate Majority Leader Mitch McConnell (R-Ky.) asked President-elect Donald Trump to prioritize approving the Keystone XL pipeline at their Thursday meeting. McConnell told reporters Friday that Keystone was one of the top priorities that he asked Trump to take on
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