Joint Ventures

Restructurings , People , Infrastructure , Health, Safety & Environment , Acquisitions & Divestitures , Mergers , Joint Ventures , Midstream , Pipelines

Q&A: Significant Midstream Consolidation on the Way

New Sidley partner Trent Bridges shares his thoughts on the strategic outlook for midstream companies, pipeline contracts, M&A, renewable fuels, capital markets and regulations.

October 19, 2021

Shale Plays , Acquisitions & Divestitures , Joint Ventures , Gathering & Processing

Diamondback’s Rattler Midstream Acquires $104 Million Stake in Midland Basin JV

Rattler Midstream acquired a minority interest in a gas gathering and processing JV servicing the Midland Basin where Diamondback Energy is deploying a majority of its development capital.

October 15, 2021

Joint Ventures , Midstream

Sentinel Midstream Forms JV with Exxon Mobil Serving Houston Oil Market

Sentinel Midstream established a JV with Exxon Mobil that will provide “the critical last-mile link for Permian, Gulf of Mexico and other barrels in the Houston crude oil market,” the company said.

October 4, 2021

Exploration & Production , Joint Ventures

Suncor Assumes Operatorship of Syncrude

The arrangement was initially announced in the fourth quarter of 2020.

October 1, 2021

Investment , Energy Transition , Joint Ventures

Chevron to Invest in Bunge Soybean Crushers to Secure Renewable Feedstock

Chevron and Bunge's proposed JV will include expanding Bunge's facilities in Destrehan, Louisiana, and Cairo, Illinois, to nearly double their capacity by 2024.

September 2, 2021

Business , Shale Plays , Joint Ventures

Andros Capital Closes $150 Million JV with Private Permian Basin Operator

Andros Capital agreed to fund approximately $150 million to participate in a development drilling program targeting the Spraberry and Wolfcamp formations on MPDC’s Permian Basin position in Midland County, Texas

August 25, 2021

Joint Ventures

U.S. Energy Development to Invest $21.8 Million in Core of Permian Basin

The company's CEO said the joint venture comes at an ideal time as the company continues to grow its footprint in the Permian Basin.

August 12, 2021

Business , Shale Plays , Mergers , Joint Ventures , Midstream

Plains All American, Oryx Midstream to Merge Permian Basin Assets

The combination with a vast majority of Plains All American’s Permian Basin assets is a “natural evolution of the Oryx growth story,” says Oryx Midstream CEO Brett Wiggs.

July 13, 2021

Field Development , Joint Ventures , Midstream

Williams Forms JV with Upstream Operator in Wyoming’s Wamsutter Field

The JV consolidates three legacy upstream assets held by BP, Southland and Crowheart Energy into one contiguous footprint consisting of over 1.2 million net acres, which Denver-based Crowheart will operate, says Williams.

July 6, 2021

Unconventional , Shale Plays , Acquisitions & Divestitures , Joint Ventures

Vista Oil & Gas, Trafigura Strike $25 Million Vaca Muerta Shale Deal

Under terms of the JV agreement, Vista Oil & Gas and Trafigura will jointly develop initially five pads of four wells each in Bajada del Palo Oeste, which is Vista’s main shale oil development in Vaca Muerta.

July 1, 2021