Chevron Looks To Sell Permian Holdings

Chevron Corp. (CVX) is offering packages in Reagan and Cochran counties, Texas, that include producing oil and gas wells.

In Cochran County, Chevron Midcontinent LP is set to divest its interests in the Permian Basin’s Masten Unit, said EnergyNet, which is handling the divestments. Chevron is auctioning operations and HBP leasehold consisting of about 3,193.50 gross acres.

In Reagan County, Chevron U.S.A. Inc. and Chevron Midcontinent are conducting a sealed bid offering for its operations, HBP leasehold and overriding royalty interests.

Tue, 07/28/2015 - 09:59

India’s Reliance Considers Selling US Shale Gas Assets

Indian oil refinery complex operator Reliance invested more than $8 billion in its U.S. unconventional gas joint ventures through March, Bloomberg reported. It is considering sale in private matter.

Tue, 07/28/2015 - 09:29

BP Acquisition Unlikely After $18.7 Billion GoM Settlement

BP CEO Bob Dudley said company is less likely to be acquired, “and it is certainly not our intention” to sell, after $18.7 billion Gulf of Mexico settlement, Reuters reported.

Tue, 07/28/2015 - 08:45

Vermilion Enters Deal To Grow Interest Onshore Germany

The farm-in will provide Vermilion participating interest in 19 onshore exploration licenses in northwest Germany, comprising about 850,000 net acres of oil and gas rights (100% undeveloped), the company said in a news release.

Tue, 07/28/2015 - 08:03

Philadelphia Energy Solutions Pursues Bakken Supply Chain JV

PES would receive controlling interest in crude oil rail-loading facility handling 210,000 barrels per day, nearly 1 million barrels of oil storage and 39-mile pipeline in North Dakota, Bloomberg said.

Mon, 07/27/2015 - 15:35

Saudi Arabian Chemical Manufacturer, Enterprise Sign Shale Gas Agreement

Under deal with Enterprise Partners, feedstock may be used in U.S. or exported, acting CEO Yousef al Benyan told Bloomberg. Saudi Basic Industries Corp. converted U.K. crackers to produce olefins.

Mon, 07/27/2015 - 10:03

Enterprise Closes Offshore GoM Business Sale

Michael A. Creel, CEO of Enterprise’s general partner, said the proceeds enhance the company’s financial flexibility for Eagle Ford and Permian Basin projects. Including proceeds, current liquidity surpasses $6 billion.

Mon, 07/27/2015 - 09:28

Crew Energy, British Columbia Close Montney Rights Exchange

The new acreage is in an area that has generated positive results in the Upper and Lower Montney. There is access to existing and future infrastructure 

Fri, 07/24/2015 - 14:19

United Energy Trading Sells Pawnee Crude Terminal

Pawnee Terminal is primary injection site for Tallgrass Energy Partners’ Northeast Colorado Lateral on the Pony Express Pipeline, which takes crude oil from Bakken and Niobrara formations to Cushing, Okla.  

Fri, 07/24/2015 - 10:54

First River Energy Acquires Texas Gathering Co.

Texas Gathering Co. gathers about 24,000 barrels per day of crude, primarily in Texas. Owner Travis Davis and management team joined First River Energy and will continue managing the business.

Fri, 07/24/2015 - 09:30

Ares, Kayne Anderson Undertaking $2.55 Billion Merger

Ares Kayne Management LP, an alternative investment group, will have $113 billion in assets, Bloomberg said. It will be formed through a $2.55 billion merger.

Fri, 07/24/2015 - 09:14

Black Ridge, Merced Form Williston Basin-focused JV

A joint-venture entity will acquire and develop Williston Basin nonoperated assets. Merced will fund the joint venture with an initial $50 million target investment. Merced will approve investments.

Thu, 07/23/2015 - 15:22

Eni Considers Selling Onshore Nigerian Assets

Italy’s Eni has asked advisers to look at options for the assets, which include interests in oil and natural-gas fields, people with knowledge of the private matter told Bloomberg.

Thu, 07/23/2015 - 14:59

Eagle Energy Trust Will Acquire Private Canadian Company

Through acquisition of shares of a private company, Eagle Energy Trust will acquire about 750 barrels of oil equivalent per day in the Twining Field in Alberta.

Thu, 07/23/2015 - 13:35

Touchstone Divests Dawson Area Interest

Touchstone now does not have any land holdings in Alberta after divesting its interest in Dawson project in Peace River area of Alberta. The property was a nonproducing legacy asset.

Thu, 07/23/2015 - 09:55