Enable Midstream Partners LP has been granted approval by the Federal Energy Regulatory Commission (FERC) to construct and operate the Gulf Run Pipeline project under section 7(c) of the Natural Gas Act, the company said on June 2.
U.S. rig count fell slightly for the second week in a row, leading to the conclusion that last week’s sudden drop was more than a blip caused by rig downtime — some rigs moving between wells.
Here’s a snapshot of recent energy deals including Oasis Petroleum’s Permian Basin exit and the all-equity consolidation of three Kayne Anderson portfolio teams in the Anadarko Basin.
Here’s a quicklist of oil and gas assets on the market including two Permian Basin packages in Howard County, Texas—one comprising Cholla Petroleum’s nonoperated position and the other a private seller’s mineral and royalty interest footprint.
Grizzly Operating LLC retained EnergyNet for the sale of roughly 5,945 net mineral acres across Oklahoma through an auction closing June 10.
Despite being named as potential targets for larger rivals, the merger between Cabot Oil & Gas and Cimarex Energy shows a desire to remain independent while reaching a size that is relevant for energy investors, says Enverus analyst Andrew Dittmar.
The U.S. dropped 21 active oil and gas rigs in the past week with Enverus noting the week-over-week swing to most likely be due to rigs moving between wells.
The combination of Cabot Oil & Gas and Cimarex Energy, which will operate under a new name, is estimated to have an enterprise value of approximately $17 billion.