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.
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.
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.
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.
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.
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.
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.
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.
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.
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.