United States

Acquisitions & Divestitures

Jones Energy II Enters Into Merger Agreement To Be Acquired By Revolution Resources

Jones Energy II, Inc. said late on Dec. 6 that it has entered into a definitive merger agreement to be acquired by Revolution II WI Holding Company LLC, an affiliate of Mountain Capital Partners LP, in an all-cash transaction valued at approximately $201.5 million.

December 7, 2019

Unconventional , Shale Plays , Mergers

Three-Way Midland Basin Combination Creates $1.5 Billion E&P

The deal would create the largest pure-play northern Midland Basin E&P with a 73,000-net-acre position that is expected to produce 12,000 barrels of oil equivalent per day (boe/d) in 2020.

December 6, 2019

Business

Halliburton Lays Off 70 Employees At Bakersfield Plant In California

Halliburton Co. is laying off employees at its Bakersfield plant in California in its latest round of job cuts this year, as the U.S. oilfield services firm struggles with falling profits amid slowing oil and gas activity.

December 6, 2019

Highlights

Best Of This Week’s Drilling Activity Highlights (Dec. 6, 2019)

EOG's Wolfcamp discoveries; Antero Resources, Utica completion; two Bethany Longstreet Field-Haynesville completions.

December 6, 2019

Mergers , Storage , Pipelines

Energy Transfer, Semgroup Complete Merger

Energy Transfer expands vast pipeline network and acquires strategic position on the Houston Ship Channel.

December 6, 2019

Unconventional , Top IP Wells

Updated: Top 12 IP Wells In The Permian Basin

December 2019: Three Loving County, Texas, Wolfcamp Discoveries Reported By EOG Resources

December 6, 2019

Petrochemicals , Natural Gas liquids (NGL) , Natural Gas , Frac Spread , Crude Oil , Storage

Frac Spread: Slow Ride

Hydrocarbon prices are improving, but at a slower rate than expected based on tailwinds.

December 6, 2019

People , Company Profiles , Water Management , Midstream

Forty Under 40: Justin Love, Blackbuck Resources

Today’s featured Forty Under 40 honoree is Justin Love, who founded Blackbuck Resources, a midstream water solutions firm that designs, builds and operates water infrastructure in Texas and New Mexico.

December 6, 2019

Rig Counts , Unconventional

Chart: Eastern Rig Count As Of December 6, 2019

Alabama. Florida, Illinois, Indiana, Kentucky, Michigan, New York, Ohio, Pennsylvania, Virginia and West Virginia

December 6, 2019

Rig Counts , Unconventional

Chart: Gulf Coast Rig Count As Of December 6, 2019

Arkansas, Louisiana, Mississippi and Texas RRC Dist. 1, 2, 3, 4., 5, 6, inland, offshore

December 6, 2019