Invictus formed to pursue lease and drill opportunities in North America HOUSTON, Texas – Invictus Energy, LLC has announced a $150 million equity commitment from Kayne Anderson Energy Funds and members of the management team. Invictus is a newly formed independent oil and gas company headquartered in Houston, the company said in a press release. The […]
Invictus Energy receives $150M equity from Kayne Anderson Read More »
Compared to 2014, Matador’s 2015 Permian Basin oil production increased from 3.3 million b/d to 4.5 million b/d Even though oil prices plunged in 2015, like many oil and gas companies operating in the Permian Basin, Matador Resources increased its production last year. Matador Resources Company is focused on its Permian (Delaware) Basin operations in Southeast New
Matador Resources ups Permian Basin oil production 35% in 2015 Read More »
“This region offers some of the best drilling economics in North America with low breakeven prices and active producer customers…” DALLAS, Texas – Enklink says it has completed the previously announced acquisition of certain subsidiaries of Oklahoma-based Tall Oak Midstream, LLC for $1.55 billion, subject to certain adjustments. “The acquisition of Tall Oak is consistent with
EnLink completes acquisition of Tall Oak Midstream Read More »
Heavy snowfall in the Permian Basin, Oklahoma reduced utilization rates in Dec. Fort Worth, Texas-based Basic Energy Services, Inc. is feeling the pinch of low oil and gas prices, as rig and fluid service truck utilization rates fell further at the end of 2015., the company announced Tuesday. Basic Energy’s well servicing rig count remained unchanged
Basic Energy reports major decline in rig, truck services Read More »
Saudi Aramco the world’s largest oil producer NEW YORK _ Saudi Arabia may launch an initial public offering for the world’s largest oil producer, Saudi Arabian Oil Co., according to a report. Deputy Crown Prince Mohammed bin Salman told The Economist that a decision will be made in the next few months. The crown prince is
Saudi Aramco may launch IPO: Deputy Crown Prince Mohammed bin Salman Read More »
Swift Energy launched $640 million loan in June to pay down borrowings/cash needs but pulled due to poor market The Dec. 31 Chapter 11 bankruptcy filing by Swift Energy Company adds to the growing wave of energy defaults and is representative of continued oil patch challenges, according to Fitch Ratings. Swift Energy’s bankruptcy filing, affecting approximately
Swift Energy bankruptcy filing symbolic of oil patch woes – Fitch Read More »
Upstream North American shale plays were hard hit: total value of shale transactions just $29 billion, down from $71 billion in 2015 HOUSTON, Texas – Upstream merger and acquisition (M&A) activity is set to rebound from its record low in 2015, according to a new study from oil and gas information and insight provider 1Derrick.
US upstream oil/gas M&A to surge in 2016 following 73% plunge in 2015 Read More »
Pioneer Natural Resources expects 2015 production growth of 12% compared to 2014, increase from previous guidance of 11% Pioneer Natural Resources says it produced more oil than forecast earlier and the company is raising $1.4 billion, partly to continue developing West Texas fields. “The performance from our Spraberry/Wolfcamp horizontal drilling program continues to be outstanding,” said
Pioneer Natural Resources produces more oil in 2015 than forecast Read More »
Tallgrass Energy Partners now owns 98% of Pony Express Pipeline LEAWOOD, Kan. – Tallgrass Energy Partners, LP announced today that it is acquiring an additional 31.3 per cent interest in Tallgrass Pony Express Pipeline, LLC for $475 million cash and 6.518 million TEP common units issued to Tallgrass Development. “This acquisition demonstrates our continued commitment to
Tallgrass Energy ups stake in Pony Express Pipeline Read More »
Swift Energy had to take action in response to the significant reduction in oil and gas prices that the entire industry has been facing. Swift Energy Company has announced it is filing a Chapter 11 plan of reorganization and is converting debt to equity under a restructuring support agreement signed Monday. The company says it has reached
Houston-based Swift Energy files for bankruptcy, begins restructuring Read More »
