North America ///
Jones Energy, Inc., today announced the closing of its previously announced acquisition of producing and undeveloped oil and gas assets in the Anadarko basin.
Lucas Energy, Inc., has announced that its wholly-owned subsidiary, CATI Operating, LLC, entered into an agreement with its senior lender, as evidenced by a promissory note, to borrow $1 million, effective August 15, 2016. The company plans to use the funds to participate in the drilling and completion of certain Eagle Ford wells.
Blackstone has announced the formation of Jetta Permian, a partnership between an affiliate of Jetta Operating Company and funds managed by Blackstone Energy Partners.
Blackstone Group is partnering with two oil and gas companies as it targets assets in the sought-after Permian basin.
Sanchez Energy Corp. is seeking buyers for some of its acreage in the Eagle Ford shale in south Texas, according to people familiar with the matter, as the explorer looks to raise cash for developing its best prospects.
The government of Newfoundland and Labrador, Nalcor Energy and Beicip-Franlab announced Wednesday that the in place oil and gas resource potential is 25.5 Bbbl of oil and 20.6 Tcfg in the West Orphan basin located within the area of the Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) 2016 Eastern Newfoundland Call for Bids.
Blackeagle Energy Services, a provider of energy-related construction and maintenance services, has acquired certain Permian basin assets from Brazos Rock, Inc., a provider of oilfield construction services in Texas.
The buyer’s market that the battered U.S. shale patch has become is so far luring more land purchases than takeovers as investors await a more solid crude price rebound before making bigger moves.
PDC Energy has entered into definitive agreements to acquire two privately held companies managed by Kimmeridge Energy Management Company for approximately $1.5 billion.
U.S. Silica Holdings has completed the acquisition of Sandbox Enterprises LLC, a provider of logistics solutions and technology for the transportation of proppant.
The Transocean Winner drilling rig that ran aground in bad weather on the Isle of Lewis nearly two weeks ago has been successfully refloated and stabilized, and is now under tow to safer waters.
Stone Energy Corp., an oil and natural gas producer that’s been in debt restructuring talks with note holders, said it’s negotiating to sell its Appalachian assets in a deal that could fetch $350 million.
Independent ROV service provider ROVOP is set to increase its Houston workforce as a result of further business growth including recent contract wins in the Gulf of Mexico region.
Seadrill has received a notice of termination from Pemex Exploracion y Servicios for the West Pegasus drilling contract effective Aug. 16. Seadrill has disputed the grounds for termination and is reviewing its legal options, the company said in a statement announcing the cancellation.
According to the latest mid-year forecast assembled by World Oil magazine, only 14,430 wells will be drilled in the U.S. this year, on par with the years 1930-1934, when not a single year topped 20,000 wells drilled. In fact, this will be lowest total since 11,700 wells were drilled in 1933.
Shale drillers are adding the most oil rigs since crude was worth $100/bbl as confidence that OPEC may finally agree to freeze output pushed futures into a bull market.
API has released a new report, with the Association of Oil Pipe Lines (AOPL), confirming that pipelines continue to be one of the safest ways to efficiently transport energy across the U.S. The report highlights liquid pipeline safety performance and industry-wide efforts to improve pipeline safety in 2016 and beyond.
Continental Resources has signed a definitive purchase and sale agreement with an undisclosed buyer to sell non-strategic properties in North Dakota and Montana for $222 million.
U.S. Silica Holdings has completed the acquisition of the NBR Sand unit of New Birmingham, Inc., a regional sand mining company based in Tyler, Texas.
U.S. crude oil is reaching all corners of the world, after a 40-year ban on exports was lifted at the end of last year.