Joint Ventures

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

Private Equity , Exploration & Production , Shale Plays , Joint Ventures

Vortus Forms Permian Basin JV Initially Focused in New Mexico’s Eddy County

Stateline Operating, a newly formed JV between Vortus Investment Advisors and Flat Creek Resources, will initially focus on the development of existing oil-rich assets in New Mexico’s Eddy County in the Delaware Basin.

April 19, 2021

Business , Exploration & Production , Trends , Joint Ventures

Oil and Gas Investor Cross-border Partnerships: International JVs

Conducting business internationally offers many opportunities to U.S. oil and gas companies, but a proper understanding of the partnerships often involved is key. Here are some of the practical considerations of pursuing a successful joint venture abroad.

March 31, 2021