The company said it expects several of its growth projects to be operational in 2019, including the $700-million Gray Oak pipeline.
Currently, Oilfield Water Logistics (OWL) owns and operates the largest commercial produced water gathering and transportation system in the Northern Delaware Basin.
Lopez Obrador aims to leverage oil to fight poverty, but environmentalists insist he is going in the wrong direction.
Despite a severe discount, Pengrowth CEO Pete Sametz said the transaction is the best available alternative for the Calgary, Alberta-based oil and gas producer.
Encana is set to become U.S.-based Ovintiv Inc. as the company continues the strategic transformation it undertook more than five years ago.
The CEO of Houston energy-focused investment bank Tudor, Pickering, Holt & Co. says it’s not time to panic as investors flee the oil and gas space, but structural change is inevitable to adapt to the new marketplace.