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.
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.
Nearing completion of its takeover of rival Anadarko, Occidental formed the JV with Colombia’s Ecopetrol to accelerate development in the Midland Basin.
German oil and gas producer Wintershall Dea expects ConocoPhillips’ experience in U.S. shale will help accelerate its Vaca Muerta development in Argentina.
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.
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.
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.
Ares-backed Development Capital Resources agreed to partner with an unnamed private operator to fund development of the Permian’s Wolfcamp Shale.
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.
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.