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  • Breitburn to acquire QR Energy to create largest oil-weighted MLP

    Los Angeles, based Breitburn Energy Partners LP has signed an agreement to acquire Houston-based QR Energy LP in a unit-for-unit exchange implying a transaction value of approximately $3.0 billion.


    Mexico’s senate approves key energy reform bill

    Mexico's Senate gave general approval July 18 to a key bill to regulate the opening of the oil and gas industries to private investment, the centerpiece of President Enrique Pena Nieto's economic reform agenda.


    Whiting Petroleum to acquire Kodiak for $6B

    In a deal that will create the largest Bakken/Three Forks producer, Whiting Petroleum Corp. (NYSE: WLL) has agreed to acquire Denver, CO-based Kodiak Oil & Gas Corp. (NYSE: KOG) in an all-stock transaction valued at $6 billion.


    UAS in the petroleum industry and the benefits of the technology

    Unmanned Aircraft Systems, commonly called drones, can be leveraged by the oil and gas industry to collect data to revolutionize upstream, midstream, and downstream operations.


    Texas running one-quarter of all drilling rigs

    With 889 rigs currently operating, Texas is running 47% of the 1,873 drilling rigs currently operating within the US, according to Baker Hughes data published June 26.


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    Commodity Indices

    Market Indices

    Latest Oil & Gas Industry News

    Geopulse Exploration appoints new management

    July 25, 2014 Geopulse Exploration Inc. reports that, upon the acquisition of Dakota Energy Resources Corp. on December 13, 2013, Craig Osterhoudt was appointed as its president and treasurer, and Mark Childs wa...

    Lime Petroleum gives up three licenses in North Sea

    July 25, 2014 Hibiscus Petroleum Bhd reports that its jointly controlled entity, Lime Petroleum Norway AS (Lime Norway) has decided to surrender PL509S, PL509BS and PL509CS, all of which are located in the North...

    Parsley Energy appoints Desai to board of directors

    July 25, 2014

    Parsley Energy Inc. reports that Dr. Hemang Desai has been appointed to the company’s board of directors, effective July 23, and will serve on the board’s Audit and Compensation committees.

    Black Bison acquires third saltwater disposal property

    July 25, 2014 Black Bison Water Services LLC, a provider of services for the disposal of flowback and produced water generated from oil and gas producing wells, has closed its acquisition of a saltwater disposal...

    ONEOK to invest $365–$470M in Oklahoma SCOOP play

    July 25, 2014 ONEOK Partners LP plans to invest $365 million to $470 million between now and the fourth quarter of 2016 to construct a new 200 million-cubic-feet-per-day (MMcf/d) natural gas processing facility ...

    Trilantic Capital Partners and Ward Petroleum form oil and gas partnership

    July 25, 2014 Trilantic Capital Partners and Ward Petroleum Corp. have partnered in a newly formed oil and gas exploration and production company, Ward Energy Partners, which will focus its operations in various...

    Williamson-Dickie Mfg. Co. acquires North East Rig Out

    July 25, 2014

    Global workwear maker Williamson-Dickie Mfg. Co. has acquired North East Rig Out Ltd. (NERO), an Aberdeen, UK-based workwear manufacturer specializing in the oil and gas industry.

    Geopulse Exploration appoints new management

    Jul 25, 2014 Geopulse Exploration Inc. reports that, upon the acquisition of Dakota Energy Resources Corp. on ...

    Parsley Energy appoints Desai to board of directors

    Jul 25, 2014 Parsley Energy Inc. reports that Dr. Hemang Desai has been appointed to the company’s board of di...

    Broadleaf Capital changes name to EnergyTEK

    Jul 24, 2014 Broadleaf Capital Partners Inc. has adopted the name EnergyTEK Corp., reflecting its new mission ...

    Lime Petroleum gives up three licenses in North Sea

    Jul 25, 2014 Hibiscus Petroleum Bhd reports that its jointly controlled entity, Lime Petroleum Norway AS (Lime...

    Strongbow set to prepare development plan for Compeer asset

    Jul 24, 2014 Strongbow Resources Inc. has begun preparing a development plan to drill its Compeer asset in Can...

    Resurgent IPO market provides fresh capital for increasing deal activity

    Jul 18, 2014 PLS reports that year-to-date, the upstream A&D markets are significantly outperforming year-...
    Oil Markets

    Aker Solutions updates on proposed demerger

    July 11, 2014 The board of directors of Aker Solutions ASA has, in accordance with the strategy disclosed April...
    Energy Players

    Geopulse Exploration appoints new management

    July 25, 2014 Geopulse Exploration Inc. reports that, upon the acquisition of Dakota Energy Resources Corp. on December 13, 2013, Craig Osterhoudt was appointed as its president and treasurer, and Mark Childs wa...
    Business Solutions

    Mexico's Senate approves bills expanding power of energy regulators

    July 22, 2014

    Mexico's Senate gave its general approval on July 21 to legislation laying out expanded powers for energy regulators, according to Reuters.

    Upstream

    Carnarvon to explore two permits in Barrow sub-basin

    June 5, 2014 Carnarvon Petroleum Ltd. has been awarded two contiguous blocks on the eastern flank of the proli...
    Unconventional

    Geopulse Exploration appoints new management

    July 25, 2014 Geopulse Exploration Inc. reports that, upon the acquisition of Dakota Energy Resources Corp. on December 13, 2013, Craig Osterhoudt was appointed as its president and treasurer, and Mark Childs wa...
    Midstream

    ONEOK to invest $365–$470M in Oklahoma SCOOP play

    July 25, 2014 ONEOK Partners LP plans to invest $365 million to $470 million between now and the fourth quarter...
    Capital

    ONEOK to invest $365–$470M in Oklahoma SCOOP play

    July 25, 2014 ONEOK Partners LP plans to invest $365 million to $470 million between now and the fourth quarter...
    Analysis

    Texas Petro Index achieves record high

    July 24, 2014 The upstream oil and gas economy in Texas has been expanding for the past 4½ years and shows no s...
    Mergers & Acquisitions

    Black Bison acquires third saltwater disposal property

    July 25, 2014 Black Bison Water Services LLC, a provider of services for the disposal of flowback and produced ...

    Current Issue

    July 2014
    Volume 11, Issue 7
    OGFJ Podcast with Bracewell & Giuliani

    Kirk Morgan
    Partner, Bracewell & Giuliani

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    Don Stowers
    Chief Editor, OGFJ

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    OGFJ Editor Don Stowers discusses the legal and regulatory framework for midstream infrastructure development with Kirk Morgan, a partner in Bracewell & Giuliani’s energy practice based in Washington, DC.

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