All Petroleum News

Athlon to acquire northern Midland Basin properties

Athlon Energy is set to acquire producing properties and undeveloped acreage in the Midland Basin for $873 million. The properties are concentrated primarily on t...

US firms form consortium to serve Iraq fields

North America Western Asia Holdings; US Steel Tubular Products, a subsidiary of US Steel Corp.; and MRC Global Inc. have formed an alliance to bring critical oilw...

L&L Energy to voluntarily delist from NASDAQ

L&L Energy Inc., a US-based company with energy (coal) operations in China, has notified NASDAQ Stock Market LLC of its intention to voluntarily delist its co...

Baker Hughes acquires software technology company

Baker Hughes Inc. has acquired Perfomix Inc., a Texas-based oilfield software technology company focused on solutions to enhance oil and gas operations' performan...

Moody's: Marcellus Shale one of the most profitable regions in US

Exploration and production companies that extract natural gas from the Marcellus Shale will benefit more than natural gas producers elsewhere in North America, ev...

Act 13 Impact Fee revenues to surpass $630M for state of PA

Higher natural gas prices are expected to increase Pennsylvania's drilling fee revenue by 11%. As natural gas prices inch higher over the years, so too, do the fe...

Strike Energy assumes full interest in PEL 96

Strike Energy Ltd. has notified Australian Gasfields Ltd. (AGL) that, due to AGL's nonpayment of a joint venture cash call, Strike Energy will have a 100% interes...

Liberty acquires leases in Baylor County, Texas

Liberty Energy Corp., an independent oil and gas company targeting onshore Texas oil conventional plays with a current focus on the Fort Worth Basin, has acquired...

FTSI offers $500 M of senior secured notes

FTS International Inc. (FTSI) plans to offer $500 million of senior secured notes due 2022 in a private transaction that is exempt from the registration requireme...

Escalera appoints Bush to board of directors

Escalera Resources Co. has appointed Neil Bush to the company's board of directors, effective April 3.