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WaterBridge Resources Secures $200 Million Funding for Developing & Acquiring Water Infrastructure
January 11, 2016
Five Point Capital Partners LLC has formed and funded WaterBridge Resources, LLC with an equity commitment of up to $200 million from Five Point Capital Midstream Fund II L.P. and its affiliates. WaterBridge is focused on developing, acquiring and managing
IGS Energy Acquires DPL Energy Resources
January 11, 2016
IGS Energy has acquired DPL Energy Resources, a subsidiary of DPL Inc. and retail affiliate supplier of the utility, The Dayton Power & Light Company (DP&L), headquartered in Dayton, Ohio. The transaction became effective January 1, 2016. DP&L is a
Shell-led Joint Venture Secures Permit to Build LNG Export Facility, Northern British Columbia
January 8, 2016
A Shell-led joint venture has secured facility permit from the British Columbia Oil and Gas Commission (OGC), a key permit to build a liquefied natural gas (LNG) export facility in northern British Columbia. The LNG Canada export facility is joint
Samson Oil and Gas to Expand U.S. Footprint
January 8, 2016
Samson Oil and Gas has moved to acquire a parcel of oil and gas leases, producing oil and gas wells, currently shut-in wells and associated facilities in the U.S. The company has entered into a contract to acquire the assets
Elk Petroleum to Raise Funds to Advance Grieve Oil Recovery Project, Northern Rocky Mountain Region
January 8, 2016
Elk Petroleum is in a trading halt as it looks to raise capital as after it restructured an agreement with a Denbury Resources subsidiary on the Grieve CO2 oil recovery project in the Northern Rocky Mountain region. The region is
Shoreline Energy Files for Bankruptcy
January 6, 2016
Shoreline Energy Corp. has filed an assignment under section 49 of the Bankruptcy and Insolvency Act (Canada) (the BIA) on December 23. Pursuant to the assignment, Grant Thornton Limited was appointed as the bankruptcy trustee. In addition, all of the
ExxonMobil Contributes to North Texas Tornado Recovery and Relief Efforts
January 6, 2016
Exxon Mobil Corporation will donate $100,000 to the American Red Cross to provide disaster relief assistance in response to the recent tornadoes in north Texas. “Our thoughts are with all who have been impacted by the devastating tornadoes, and especially
MFRI to Acquire 100% Ownership of Bayou Perma-Pipe for $9 Million, Canada
January 6, 2016
MFRI, Inc.‘s Perma-Pipe subsidiary has signed a purchase agreement with its joint venture partner Aegion Corporation to acquire 100 percent ownership of Bayou Perma-Pipe Canada (BPPC), a coating and insulation company in Alberta, Canada. Perma-Pipe has owned a 49 percent
Mitcham Industries Acquires L-3 Communications Klein Associates
January 5, 2016
Mitcham Industries, Inc. has acquired L-3 Communications Klein Associates, Inc. (Klein), a designer, manufacturer and worldwide distributor of sonar and waterside security systems to military and commercial customers. Klein was a wholly-owned subsidiary of L-3 Communications Corporation, a leading provider
Tallgrass Energy Partners Acquires Additional Interest in Pony Express Pipeline for $475 Million
January 5, 2016
Tallgrass Energy Partners, LP has acquired an additional 31.3 percent interest in Tallgrass Pony Express Pipeline, LLC for cash consideration of $475 million and 6.518 million TEP common units issued to Tallgrass Development. Based on TEP’s December 31st closing price
