Three Rivers IV LLC emerged earlier this month following an equity commitment of up to $500 million by Riverstone Holdings to focus on oil and gas acquisition opportunities in the Permian Basin.
Funds managed by Blackstone agreed to acquire the stake in Targa Badlands, which operates oil and gas gathering and processing assets in the Bakken.
Analysts name small- and midcap stocks to watch this year and into 2020.
A look at top performers among oil and gas producers suggests that a $50 WTI price environment will not act as a show-stopper for U.S. shale.
Oklahoma City-based Devon Energy launched plans for its transformation on Feb. 19 including the possible sale or spin-off of its Canadian and Barnett Shale assets.
Production increases in the Permian Basin, the biggest oil patch in the U.S., and the Bakken has led overall output increases in the country over the past year, the EIA says.
Three Rivers IV LLC emerged earlier this month following an equity commitment of up to $500 million by Riverstone Holdings to focus on oil and gas acquisition opportunities in the Permian Basin.
In a two-hitter, Mid-Con Energy agreed to sell substantially all of its Texas properties while also picking up producing Oklahoma properties.
Funds managed by Blackstone agreed to acquire the stake in Targa Badlands, which operates oil and gas gathering and processing assets in the Bakken.
Equinor said studies of the ocean showed conditions were about as harsh as other settings where Equinor has operations, including the Norwegian Sea, the Barents Sea, off Canada's east coast and offshore Brazil.
U.S. Silica Holding has been investing in this unit as it records slowing growth in its oil and gas proppant segment, with oil producers hampered by tight pipeline capacity and lower crude prices holding back on completing wells.
Analysts name small- and midcap stocks to watch this year and into 2020.
Companies added three oil rigs in the week to Feb. 15, bringing the total count to 857, Baker Hughes, a GE company (NYSE: BHGE), said in its weekly report.
Drilling curbs by oil producers in the Permian Basin, the largest U.S. shale field, will continue until transport bottlenecks ease and investors stop punishing companies, executives say.