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The Oil & Gas Asset Clearinghouse Expands into Mexico
May 23, 2016
OFSCap, LLC’s affiliate, The Oil & Gas Asset Clearinghouse, is expanding its presence into Mexico. Clearinghouse and OFSCap will jointly offer advisory services through a concierge office in Mexico City dedicated to serving financial institutions, family offices and high net
Two Oil Sands Production Facilities Hit Due to Fort McMurray Wildfire in Canada
May 20, 2016
A massive wildfire which raged near Fort McMurray, Alberta, Canada, on May 1, 2016 has now been spread to the edges of two major oil-sands mining complexes located northern part of the province. About 8,000 workers have been evacuated from
Vantage Energy Secures $339.5 Million Bid to Acquire Pennsylvania Land Resources’ Natural Gas Assets
May 19, 2016
Vantage Energy Appalachia II, LLC was named the successful bidder for certain oil and natural gas assets in Southwest Pennsylvania owned by Alpha Natural Resources’ subsidiary, Pennsylvania Land Resources, LLC. Vantage’s winning cash bid of $339.5 million far exceeded the
JOVO Group Signs Long-term Offtake Agreement for SCT&E LNG’s Export Terminal, Louisiana
May 19, 2016
The JOVO Group and SCT&E LNG, Inc. have signed a long-term offtake agreement for SCT&E LNG’s future export terminal in Louisiana. The long-term, multibillion dollar agreement signed between JOVO and SCT&E LNG is a first of its kind between a
Eagle LNG Begins Construction of LNG Plant in Jacksonville, Florida
May 19, 2016
Eagle LNG has begun the construction process for a natural gas liquefaction plant in West Jacksonville, FL. The state-of-the-art facility is slated to be operational and producing high-quality liquefied natural gas (LNG) by early 2017. It will have a capacity
Energy & Exploration Partners Emerges from Chapter 11 Restructuring
May 18, 2016
Energy and Exploration Partners, LLC and its debtor affiliates (ENXP) has officially concluded its chapter 11 financial reorganization after completing all required actions and satisfying the remaining conditions to effectiveness of its plan of reorganization, which was confirmed by the
Constitution Pipeline Challenges Decision by New York State to Block Federally Approved Pipeline
May 18, 2016
Constitution Pipeline Company, LLC has appealed the New York State Department of Environmental Conservation’s (NYSDEC) refusal to grant the company’s request for a Section 401 Water Quality Certification under the Clean Water Act. The appeal was filed with the United
Navitas Midstream Enters Long-term Gas Purchase Agreement with Encana Oil & Gas, Texas
May 18, 2016
Navitas Midstream Partners, LLC has executed a long-term gas purchase agreement with Encana Oil & Gas (USA) Inc. Under the agreement, Navitas will purchase Encana’s gas from its substantial acreage position in Howard County, Texas. Navitas will gather gas into
Range Resources and Memorial Resource Development to Merge in $4.4 Billion Deal
May 17, 2016
Range Resources Corporation and Memorial Resource Development Corp. (MRD) have agreed to a definitive merger agreement under which Range will acquire all of the outstanding shares of common stock of MRD in an all-stock transaction valued at $4.4 billion. This
Fortuna Resources Secures $75 Million to Pursue Oil and Gas Acquisitions, Opportunities, Texas
May 17, 2016
Fortuna Resources Holdings, LLC has secured $75 from affiliates of Och-Ziff Capital Management Group LLC, with an option to increase to $150 million. The investment is focused on expanding Fortuna’s activities in the West Texas Permian Basin and related areas
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