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.
Plains All American will use proceeds from a new JV with Delek to fund the expansion of the Red River pipeline system from Cushing, Okla., and the Permian to U.S. Gulf Coast markets.
Mach Resources, an independent oil and gas producer led by industry veteran Tom Ward, continues to build its position in the Mississippi Lime play.