NextEra completes acquisition of natural gas pipelines in Texas

    Oct 5, 2015

    NextEra Energy Partners LP has completed its acquisition of NET Midstream, a privately held developer, owner and operator of a portfolio of seven long-term contracted natural gas pipeline assets located in Texas.  

    S&P: CPG's $1B commercial paper program rated 'A-3'

    Oct 5, 2015

    Standard & Poor's Ratings Services today assigned its “A-3” short-term corporate credit rating to Columbia Pipeline Group Inc. and its “A-3” short-term rating to CPG's $1 billion commercial paper program.

    WadeCo acquires Escudero Chemicals

    Oct 5, 2015

    WadeCo Specialties Inc., a specialty chemical provider focused on production chemicals and services for the oil and gas industry, has acquired Escudero Chemicals LLC. 

    CIG Logistics acquires rail facility from Flint Hills Resources

    Oct 2, 2015

    CIG Logistics, an oil and gas logistics provider, has acquired a 330-acre rail facility in Odessa, Texas, from Flint Hills Resources. The purchase price and terms of the acquisition, which closed on Sept. 29, were undisclosed.

    Alta Mesa Holdings closes sale of Alta Mesa Eagle

    Oct 2, 2015

    Alta Mesa Holdings LP has closed the sale of its subsidiary Alta Mesa Eagle LLC, which owns certain oil and gas producing properties in the Eagle Ford shale area and other assets, to EnerVest Ltd. and its affiliates.

    PDC Energy extends maturity of revolving credit facility

    Oct 2, 2015

    PDC Energy Inc. has extended the maturity of its revolving credit facility by two years to May 2020. The borrowing base has been reaffirmed at $700 million of which the company has elected to keep its commitment level at $450 million.

    Oryx launches binding open season for OTP pipeline system

    Oct 1, 2015

    One of Oryx Midstream Services LLC’s operating subsidiaries, Oryx Southern Delaware Oil Gathering and Transport LLC, has launched a binding open season to obtain volume commitments and/or acreage dedications to support the development of the Oryx Trans Permian (OTP) pipeline system, a new crude oil gathering and transportation system to serve the southern Delaware Basin in Texas.

    Far East Energy enters into term loan facility agreement

    Oct 1, 2015

    Far East Energy Corp. has entered into a term loan facility agreement (TLFA), effective Sept. 29 with the lenders party thereto. The TLFA has a term ending March 29, 2016, and up to which $16,263,604 in aggregate principal amount will be loaned to FEEB in accordance with the terms of the TLFA. $8,763,604 of such amount was used to repay in full the amounts outstanding under the term loan facility agreements, dated as of Feb. 24, 2015, April 8, 2015, and June 26, 2015, respectively. 

    FBS Properties completes acquisition of oil and gas companies

    Sep 30, 2015

    FBS Properties Inc., founded by investor Fred Schneiderman, has concluded the acquisition of 100% of Warwick Oil & Gas Inc., Warwick Oil & Gas Inc., and Reserve Royalty Corp. The acquired companies have oil and gas interests in more than 20 counties and parishes in Texas, Arkansas, and Louisiana.

    Sanchez Energy enhances liquidity with $345M midstream asset sale

    Sep 29, 2015

    Sanchez Energy Corp. has executed an agreement with Sanchez Production Partners LP (SPP) pursuant to which the company will divest, and SPP will acquire and operate, certain pipeline, gathering, and compression assets located on the Western part of its Catarina asset in the Eagle Ford shale play in South Texas, for cash consideration of $345 million.

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    Carnarvon to explore two permits in Barrow sub-basin

    Jun 5, 2014

    Carnarvon Petroleum Ltd. has been awarded two contiguous blocks on the eastern flank of the prolific oil producing Barrow sub-basin: Petroleum Exploration Permit EP-490 (bid block L11-6) and TP/27 (bid block T11-3) offshore Western Australia. Carnarvon is the operator and 100% working interest holder in these blocks, which cover a total area of 675 square miles (1,750 square kilometers).

    Report predicts surge in world subsea expenditure

    Jun 5, 2014

    Global subsea hardware capex could total $117 billion between 2014 and 2018, according to Douglas-Westwood’s latest market forecast.

    Hitachi Solutions Canada to unveil JV solution for oil and gas industry

    Jun 4, 2014

    Hitachi Solutions Canada, a global provider of industry solutions based on Microsoft Dynamics AX, will be launching an oil and gas joint venture solution using Microsoft Dynamics AX 2012.

    Primoris wins underground contract work valued at over $10 M

    Jun 2, 2014

    Primoris Services Corp. has received a new contract award from a midstream oil and gas customer. The new contract was secured by Sprint Pipeline Services, a division of Primoris Energy Services, a Primoris subsidiary and part of the East Construction Service segment.


    Alpha Crude Connector to conduct open season

    Jun 2, 2014 Alpha Crude Connector LLC intends to conduct an open season for the Alpha Crude Connector pipeline, a new FERC-regulated crude oil transportation pipeline to be located in Lea and Eddy counties in ...

    MicroSeismic names Foster as president and CEO

    May 30, 2014

    MicroSeismic Inc. has appointed Jeff Foster as the company’s president and CEO. Founder of the company and past CEO, Peter M. Duncan, will continue with MicroSeismic as co-chairman.

    KMP to expand carbon-dioxide infrastructure

    May 8, 2014

    Kinder Morgan Energy Partners LP is set to invest $671 million to grow its carbon-dioxide infrastructure in southwestern Colorado and New Mexico.

    TPC Group expands polyisobutylene capacity

    May 1, 2014

    TPC Group, a provider of C4 based products and services, has achieved a milestone in its comprehensive expansion program to increase polyisobutylene capacity.

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