Vantage CEO Paul Bragg says no evidence of “improper activity” by his company Vantage Drilling is denying reports its contract for ultra-deep water drilling is behind the arrest of yet another Petrobras executive for his alleged involvement in the kickback scandal that has buffeted Brazil’s biggest company. The Federal Prosecutor’s Office says in a statement that federal […]
Vantage Drilling denies Petrobras kickback allegations Read More »
Hess says the sale proceeds leave it in a superior financial position Hess Corporation and Global Infrastructure Partners have completed their joint venture deal to create a midstream energy company to serve the Bakken shale play. On Wednesday, the companies announced the completed transaction, which includes the previously announced sale of a 50 per cent interest in
Hess, Global Infrastructure team up on Bakken midstream joint venture Read More »
Williams says Energy Transfer Equity undervalues company The Williams Cos. rejected a $53 billion buyout offer from Energy Transfer Equity, but said that it may still put the natural-gas pipeline company up for sale. Its stock jumped more than 26 per cent in premarket trading. Williams said ETE’s bid significantly undervalues the business, but that it was
Williams rejects Energy Transfer Equity $53B bid Read More »
Clayton Williams Energy expects to run two rigs, one in Eagle Ford, one in Delaware Basin Midland-based independent Clayton Williams Energy, Inc. says it has sold about 3,700 net acres in the Eagle Ford basin for $22.1 million and that it plans to resume drilling in the third quarter. According to a release, the acreage in
Clayton Williams will resume drilling in Q3, sells Eagle Ford land Read More »
Matador Resources grows Permian Basin holdings in SE New Mexico, West Texas to 155,500 gross acres Matador Resources continued its expansion into the Delaware Basin by announcing another deal involving HEYCO Energy Group, Inc., owned by the Yates family of Roswell, New Mexico. Matador Resources says that on June 5 it completed previously announced joint ventures with HEYCO Energy Group affiliates, which resulted in
Matador Resources increases acreage in New Mexico with Yates deal Read More »
If sufficient demand, GOTAC Terminal will be upgraded to 100,000 bbl/day A family dispute over a small Corpus Christ ashphalt refinery – renamed the GOTAC Terminal – has been resolved and Gravity Midstream, LLC says the facility will begin processing Permian and Eagle Ford light crude by mid-2016. Gravity Midstream Corpus ChrisJ, LLC acquired the transacJon facility
GOTAC Terminal back on stream, will serve Permian, Eagle Ford customers Read More »
Pioneer Natural Resources expects to ramp up drilling rigs to same level as before oil price collapse Pioneer Natural Resources is selling Eagle Ford Shale Midstream for $2.15 billion, subject to regulatory approvals, to Reliance Holding USA, an existing partner in the business. Pioneer owns 50.1% of EFS Midstream and Reliance owns the remaining 49.9%. The
Pioneer Natural Resources sells Eagle Ford Shale midstream business for $2.15 Billion Read More »
Noble Energy scores first big M&A since price of oil dropped by 50% Noble Energy Inc said Monday it will acquire Rosetta Resources Inc for about $2 billion in stock, giving it a presence in the Permian and Eagle Ford shale plays. “The Eagle Ford and the Permian are premier unconventional resource plays, two of the most
Noble Energy acquires Rosetta Resources, accesses Permian, Eagle Ford shale plays Read More »
Basic Energy Services CEO says it’s too early to tell if American oil and gas industry has reached the floor of downturn Basic Energy Services, Inc. (NYSE: BAS) says revenue declined by more than a third for the quarter ended March 31 across all operating divisions. Basic Energy Services provides well site services and employs more than
Basic Energy Services revenue drops 35% in 2015 Q1 Read More »
Lowest Exxon Mobil Q1 in six years It was the lowest first-quarter profit for Exxon Mobil Corp. in six years, although the results still beat Wall Street expectations. Exxon earned $4.94 billion in the first quarter, a huge sum but only about half of what the company made last year. Lower oil prices depleted both Exxon’s top
Exxon Mobil Q1 profits down 46% to US$4.94B Read More »
