Joint Ventures

People , Investment , Joint Ventures , Midstream

Executive Q&A: ARM Energy Holdings Chasing Optionality

From wellhead to water, with a trading floor in between, ARM Energy Holdings continues to grow. CEO Zach Lee has inked four big joint ventures so far this year.

August 7, 2019

Shale Plays , Joint Ventures , Construction , Pipelines

Wink-to-Webster Pipeline JV Adds MPLX, Delek US, Rattler Midstream

The project will have origin points in Wink and Midland and deliver to multiple locations in the Houston market, including Webster and Baytown, with connectivity to Texas City and Beaumont.

August 5, 2019

Public Capital , Unconventional , Shale Plays , Acquisitions & Divestitures , Joint Ventures

Occidental Forms $1.5 Billion Permian Basin JV With Ecopetrol

Nearing completion of its takeover of rival Anadarko, Occidental formed the JV with Colombia’s Ecopetrol to accelerate development in the Midland Basin.

July 31, 2019

Investment , Unconventional , Shale Plays , Acquisitions & Divestitures , Joint Ventures

ConocoPhillips Forms Vaca Muerta Partnership With Wintershall Dea

German oil and gas producer Wintershall Dea expects ConocoPhillips’ experience in U.S. shale will help accelerate its Vaca Muerta development in Argentina.

July 25, 2019

Public Capital , Field Development , Acquisitions & Divestitures , Joint Ventures

California Resources Lands $500 Million JV To Develop Historic Field

Los Angeles-based investment firm Colony Capital has agreed to fund the development of California Resources’s flagship Elk Hills Field as part of a strategic JV.

July 23, 2019

Digital Oilfield , Joint Ventures

Baker Hughes Enters Deal To Promote AI Solutions

Baker Hughes, a GE company and C3.ai on June 24 announced a joint venture (JV) agreement that brings together BHGE’s fullstream oil and gas expertise with C3.ai’s unique AI software suite to deliver digital transformation technologies that will drive new levels of productivity for the oil and gas industry.

June 24, 2019

Crude Oil , Joint Ventures , Pipelines

Report: Planned Red Oak Pipeline Will Contribute To Crude Overbuild

Bernstein Midstream speculates that the additional pipeline projects will bring the 2021 WTI-Brent differentials to less than $4 a barrel, which is way below the current curve of $6.50.

June 23, 2019

Private Equity , Investment , Unconventional , Shale Plays , Acquisitions & Divestitures , Joint Ventures

Texas Company Forms $165 Million JV To Develop Permian Wolfcamp

Ares-backed Development Capital Resources agreed to partner with an unnamed private operator to fund development of the Permian’s Wolfcamp Shale.

June 20, 2019

Private Equity , Unconventional , Shale Plays , Joint Ventures

Louisiana Austin Chalk Private Operators Team Up With New JV

Lime Rock-backed Prime Rock Resources and New Dawn Energy formed a JV to jointly develop roughly 120,000 net acres in the red-hot Louisiana Austin Chalk.

June 12, 2019

Public Capital , Shale Plays , Joint Ventures , Pipelines

Phillips 66 Forms Multiple Pipeline JVs To Serve Key Shale Oil Producers

The JVs—one with Plains All American and the other with Bridger Pipeline—will build pipelines aimed at transporting crude from key shale plays to the Gulf Coast.

June 10, 2019