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Shadow Market: E&P A&D Six-Month Review

Business

Shadow Market: E&P A&D Six-Month Review

As asset-level A&D struggles in the background of multibillion E&P mergers and market indifference to oil and gas, deal advisers see a spike in transactions for minerals, conventional assets and even combinations of private-equity companies.

IndustryVoice: A Must Have – Security and Safety Solutions at Remote Sites
Sponsored Content

IndustryVoice: A Must Have – Security and Safety Solutions at Remote Sites

Often working without existing power or cellular service, remote sites are vulnerable. With solutions specifically designed to benefit customers with remote operations, Twenty20 Solutions has the answer.

IndustryVoice: Innovative Casing Flotation Device Adds Recoverable Gas Value in Appalachian Basin Well
Sponsored Content

IndustryVoice: Innovative Casing Flotation Device Adds Recoverable Gas Value in Appalachian Basin Well

Casing Flotation Device Adds $120,000 in Gas Recovery

MarketsSee More

frac spread

Frac Spread: Saudi Attack Raises Prices, Concerns About NGL

With oilfields shown to be vulnerable and foes unwilling to compromise, an escalation of the regional conflict is likely, says an analyst.

wagp

What’s Affecting Gas Prices? (Week of Sept. 17, 2019)

Stratas Advisors expects a 76 Bcf build in storage.

India Looking To Raise Oil Imports From Russia After Saudi Attacks

India is looking at raising oil imports from Russia, its oil minister said on Sept. 17, at a time of surging oil prices after an attack on Saudi Arabian facilities halved the kingdom's production.

Cheniere And EOG Resources Reach Long-Term Gas Supply Agreements

Under the GSAs, EOG has agreed to sell natural gas to Cheniere over a period of approximately 15 years beginning in early 2020, with the quantity starting at 140,000 MMBtu/d and increasing to 440,000 MMBtu/d.

BusinessSee More

Shadow Market: E&P A&D Six-Month Review

Shadow Market: E&P A&D Six-Month Review

As asset-level A&D struggles in the background of multibillion E&P mergers and market indifference to oil and gas, deal advisers see a spike in transactions for minerals, conventional assets and even combinations of private-equity companies.

Oilman Stephen Gose Dies At 89

Texas oilman Stephen M. Gose Jr. died Sept. 11 at age 89. He was chairman of the board of San Antonio-based The Exploration Co., later TXCO Resources Inc., in addition to many other oil and gas interests.

Investors Turn Heat On Big Oil Ahead Of UN Climate Summit

Investors managing $15 trillion in assets turned up the heat on oil and gas sector on Sept. 18 ahead of a United Nations summit in New York aimed at accelerating efforts to fight climate change.

Infrastructure Networks, Osprey Informatics Swap CEOs

Infrastructure Networks Inc. (INET), the wireless LTE solutions provider to the onshore energy industry, and Osprey Informatics, a provider of intelligent visual monitoring solutions for industrial operations, have swapped senior leaders.

TechnologySee More

Senegal Ultra Deep 3D with logos

TGS Commences Ultradeep Survey Offshore Senegal

TGS has commenced a new survey in the MSGBC Basin, offshore north-west Africa on Sept. 19.

SeaBird Exploration Wins Contract For Seismic Survey In Africa

SeaBird Exploration has signed a contract to acquire a 2-D seismic survey for an international oil and gas company in the Africa region on Sept. 19.

Shell, BP Join Science-Based Collaboratory Studying Methane Emissions From Natural Gas

SIEP Inc. (Shell) and BP recently joined the Collaboratory for Advancing Methane Science (CAMS), an industry-led consortium helping the natural gas and oil industry continue to improve its environmental performance.

Aqua America To Acquire DELCORA Wastewater System For $276.5 Million

Aqua America Inc. said Sept. 17 its Pennsylvania subsidiary, Aqua Pennsylvania Wastewater, has signed an asset purchase agreement with the Delaware County Regional Water Quality Control Authority (DELCORA) to acquire the municipal authority’s wastewater assets for $276.5 million.

Exploration & ProductionSee More

Excess natural gas is burned off at an oil well site. (Source: Sean Hannon/acritelyphoto/Shutterstock.com)

Pioneer, Chevron Call On Industry, Others To Tackle Permian Basin Flaring

The amount of gas flared has steadily increased, for the most part, in the Permian Basin as oil production has risen in recent years.

US Shale Oil Output To Rise To Record 8.8 MMbbl/d In October: EIA

U.S. oil output from seven major shale formations is expected to rise by 74,000 barrels per day (bbl/d) in October to a record high 8.843 million bpd (MMbbl/d), the U.S. Energy Information Administration (EIA) said in its monthly drilling productivity report on Sept. 16.

TGS Adds Deepwater Node, Acquisitions To Accelerate Growth

TGS has achieved five milestones accelerating the company’s growth strategy, the company said on Sept. 16.

The U.S. Energy Information Administration estimates oil production will fall by about 6,000 barrels per day in the Eagle Ford, shown above, to 1.38 million barrels per day in September. (Source: Shutterstock.com)

ConocoPhillips, Private Equity See Shale Growth Opportunities

Technology could help unlock more barrels from shale plays, as it has in the past, but comfort levels pose challenges amid tough market conditions.

TransactionsSee More

A&D Transactions From The Week Of Sept. 18, 2019

A&D Transactions From The Week Of Sept. 18, 2019

Here’s a snapshot of energy deals from the past week including Energy Transfer’s roughly $5 billion acquisition and a multimillion-dollar all-equity deal by Diamondback’s mineral acquisition subsidiary.

Talos Energy Enters GoM Deals With BP, Exxon Mobil

Talos Energy Inc. has entered into two separate agreements on Sept. 19 with BP Plc and Exxon Mobil Corp. related to new exploration opportunities in the U.S. Gulf of Mexico (GoM).

Eco-Energy Acquires Southern Appalachian Natural Gas Gathering, Processing, Terminal Assets

The Stone Mountain cryogenic processing plant has capacity of 25,000 Mcf/d with a pipeline connection to the Stone Mountain liquids terminal.

On The Market Quicklist (Week Of Sept. 18, 2019)

Here’s a quicklist of oil and gas assets on the market including Encana Bakken assets and Scoop and Stack leasing opportunities from Panhandle Oil and Gas.

Policy & RegulationsSee More

Warren

Analyst: Why The Country Can’t Quit Hydraulic Fracturing ‘Cold Turkey’

Have proponents of an immediate ban on 40% of the U.S. energy supply thought through possible consequences?

Colombian Hydraulic Fracturing Moratorium Does Not Block 'Investigative' Projects

Colombia's top administrative court on Sept. 17 clarified that a moratorium on fracking it upheld last week does not prevent "investigative" pilot projects, surprising both oil companies and environmental activists.

Perry Calls Oil Market Robust After Attack On Saudi Plants

Department of Energy is ready to respond if a release from the Strategic Petroleum Reserve is needed, he says.

drone flag

Opinion: Will Hard Lessons Of Saudi Oil Attack Be Learned?

Ramping up tensions with a country like Iran invites a counterpunch, says Reuters columnist.

MidstreamSee More

gas pipeline safety

Interview: The New Era Of Pipeline Safety

An unprecedented coalition of North American oil and gas operators and associations created the Pipeline Safety Management System with the goal of ensuring that pipeline infrastructure is as safe as is humanly possible.

NextDecade, Enbridge To Develop Rio Bravo, Other Gas Pipelines

Natural gas will be moved from Agua Dulce to NextDecade’s Brownsville LNG project.

LNG Ltd. To Supply Gas To Vietnam From Louisiana Project

The deal comes at a time when LNG Ltd. has been struggling to lock in sales agreements for its Magnolia project due to the U.S. trade dispute with China.

Greenpeace Members Face Federal, State Charges In Houston Protest

Federal and state authorities on Sept. 13 criminally charged climate change protesters for shutting down the largest U.S. energy-export port for a day by dangling from a bridge.