Joint Ventures

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.

July 25, 2019

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.

July 23, 2019

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.

June 24, 2019

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.

June 23, 2019

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.

June 20, 2019

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.

June 12, 2019

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.

June 10, 2019

Shale Plays , Acquisitions & Divestitures , Joint Ventures , Construction , Pipelines

Plains To Boost Cushing Takeaway Through Pipeline JV

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.

May 28, 2019

Private Equity , People , Unconventional , Shale Plays , Acquisitions & Divestitures , Joint Ventures

Tom Ward-Led Company Acquires Mississippi Lime Bolt-On

Mach Resources, an independent oil and gas producer led by industry veteran Tom Ward, continues to build its position in the Mississippi Lime play.

May 22, 2019

Investment , Shale Plays , Acquisitions & Divestitures , Joint Ventures , Pipelines

Carlyle In Talks To Sell 25% Stake In Oil Export Terminal

Negotiations with three companies includes joint operation of a crude pipeline from Houston to Corpus Christi.

May 20, 2019