Kinder Morgan pipelines moved lower volumes of oil, gas Oct 19 (Reuters) – Kinder Morgan Inc reported lower-than-expected quarterly revenue as its pipelines moved lower volumes of oil and gas. Pipeline companies, once seen as more insulated from commodity price swings due to fixed-fee contracts, were hit hard by a more than 60 per cent […]
Kinder Morgan revenue falls just over 10 per cent Read More »
Halliburton “relentlessly” managed costs By Anet Josline Pinto Oct 19 (Reuters) – Halliburton Co, the world’s No.2 oilfield services provider, said oil prices would have to stabilize at above $50 per barrel for producers to meaningfully increase oilfield activity. The company posted a surprise quarterly profit on Wednesday by “relentlessly managing costs” and taking advantage
Halliburton posts Q3 profit, says “meaningful” rise in activity likely at $50 oil Read More »
Basic Energy has liquidity to continue uninterrupted operations and meet its obligations to suppliers, customers, and employees FORT WORTH, Texas – Basic Energy Services, Inc. and subsidiaries announced that the company, its secured term loan lenders and secured asset-based revolver lenders, and certain of its unsecured bondholders have taken steps to enable the continuation of negotiations regarding
Basic Energy extends forbearance agreement, continuing negotiations Read More »
RSP Permian expands assets in Permian Basin Oct 13 (Reuters) – Oil producer RSP Permian Inc said it would buy oil and gas company Silver Hill Energy Partners for about $2.4 billion to expand its assets in the Permian Basin in Texas. RSP Permian is the latest company to bulk up in the Permian Basin,
RSP Permian to buy Silver Hill Energy Partners for about $2.4 billion Read More »
Extraction Oil & Gas jumps about 20 pct in debut Oct 12 (Reuters) – Shares of Extraction Oil & Gas Inc – the first producer to launch a U.S. IPO this year – rose as much as 19.7 per cent in their market debut as crude prices held above $50 per barrel. Denver-based Extraction Oil
Extraction Oil & Gas jumps about 20 pct in debut Read More »
All employees of Enbridge currently working on the SE Saskatchewan System are expected to join Tundra CALGARY, AB – Tundra Energy Marketing Limited says it will purchase the South East Saskatchewan pipeline system from an affiliate of Enbridge Income Fund. Closing of the transaction is expected to occur in late 2016, subject to regulatory approvals. The
Tundra Energy to acquire SE Saskatchewan pipeline from Enbridge Read More »
New agreement expected to help Iron Mountain utilize renewable sources for 2/3 of total North American electricity load by 2018 BOSTON – Business record management company Iron Mountain Incorporated, announced the signing of a wind power purchase agreement that will leverage renewable energy sources to power as much as 30 per cent of its North American electricity
Iron Mountain purchases Texas wind power Read More »
HOUSTON – Phillips 66 Partners LP has reached agreement with Phillips 66 to acquire 30 crude, refined products and NGL logistics assets for total consideration of $1.3 billion. The Partnership plans to fund the acquisition with a combination of debt and $196 million in new PSXP units issued to Phillips 66, to be allocated proportionally between
Phillips 66 Partners announces $1.3 billion acquisition Read More »
At least two-thirds of the Devon’s sales proceeds are expected to be utilized for debt reduction OKLAHOMA CITY – Devon Energy Corp. today that it has completed the sale of its 50 per cent ownership interest in Access Pipeline to Wolf Midstream Inc., a portfolio company of Canada Pension Plan Investment Board, for CAD $1.4
Devon Energy completes sale of Access Pipeline for $1.1 billion Read More »
Acquisition price is $135 million, $90 million in cash and issuance to Firewheel of 2,114,523 Resolute shares($45 million) DENVER, CO – Resolute Energy Corporation reported it has entered into a definitive agreement with Firewheel Energy, LLC, a portfolio company of EnCap Investments, to acquire certain oil and gas properties located in Reeves County, Texas, for
Resolute Energy acquires 3,293 net acres in Delaware Basin for $135 million Read More »
