The Latest

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 8, 2019

Unconventional

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

Mergers

Energy Transfer, Semgroup Complete Merger

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

December 6, 2019

Exploration & Production

Oil Companies Press Mexican President To Resume Suspended Auctions

Chevron Corp., Exxon Mobil Corp. and Royal Dutch Shell Plc, among other firms in Mexico’s Association of Hydrocarbon Companies (Amexhi), say they have met output targets and investment pledges worth hundreds of millions of dollars in the initial phases of their contracts.

December 5, 2019

Transactions

Energy Transfer, Shell Release Seek Bids For Lake Charles LNG Project

Energy Transfer LP said Dec. 3 that a comprehensive commercial tender package has been issued to EPC contractors to submit final commercial bids for the proposed Lake Charles LNG liquefaction project being developed by Energy Transfer and Shell US LNG LLC (Shell).

December 5, 2019

People

Forty Under 40: Matt Loreman, Development Capital Resources

Today’s featured Forty Under 40 honoree is Matt Loreman, who leads a team in Houston that sources, negotiates and manages JVs for DCR, an oil and gas platform he co-founded.

December 5, 2019

Exploration & Production

Oil Companies Swap Stakes In Mexico As Government Holds Off On Auctions

Companies selling stakes include large foreign producers that were awarded blocks in previous rounds.

December 4, 2019

Exploration & Production

Petrobras Says It May Divest Billions More Than Forecast

Talking to analysts and journalists, executives said they may sell parts of the Marlim oil field, one of Brazil’s largest, as well as its majority stake in the smaller Papa-Terra Field.

December 4, 2019

Pressure Pumping

Motive Offshore Acquires Pumptech Flexible Flowline Business

Motive has completed the acquisition of Stavanger-based Pumptech for a seven-figure sum, reflecting the ambitious growth strategy which follows significant investment earlier this year from private equity firm, EV Private Equity.

December 4, 2019

Exploration & Production

Algeria Plans To Block Sale Of Assets To Total

The country’s energy minister said the deal was "incompatible" with Algerian legislation.

December 4, 2019