Industry News


HAL/BHI Stockholders Approve Merger

Special meetings determined the shareholders’ votes. The merger of Halliburton and Baker Hughes is scheduled to close in the second half of 2015, subject to regulatory approvals.

Fri, 03/27/2015 - 15:02

Chevron Will Exit Australian Shale Gas

Chevron Global Energy Inc. will sell its stake in refiner Caltex Australia Ltd., Business Wire said. Bloomberg said this marks Chevron’s exit from shale gas in Beach Energy’s Nappamerri Trough.

Fri, 03/27/2015 - 12:02

ConocoPhillips Might Sell Some Western Canada Assets

Bank of Nova Scotia will advise ConocoPhillips’ sale of about 20% of non-oil sands properties in Western Canada, Bloomberg said. About 35,000 barrels of oil equivalent per day is produced.

Fri, 03/27/2015 - 11:29

Galenfeha Closes Daylight Pumps Acquisition

Chemical injection systems seller Galenfeha acquired chemical injection pump systems maker Daylight Pumps. The North American chemical injection market share is about $1 billion annually.

Fri, 03/27/2015 - 11:20

Marquee Closes Michichi Acquisition

Richard Thompson, president and CEO, said the acquisition covers a 25-mile, multizone light oil fairway.  About 330 barrels of oil equivalent per day are produced. 

Thu, 03/26/2015 - 11:01

Radiant Oil & Gas Offers Louisiana Assets

PLS is marketing the trustee-ordered sale of nonoperated assets La Salle Parish, La. The property is on 40 acres with one well operated by Sanchez Oil & Gas Corp.

Thu, 03/26/2015 - 10:43

Blue Tip Energy Selling Uinta Producing Properties

Blue Tip Energy Management LLC is selling Uinta Basin producing properties in Carbon, Utah and Duchesne counties, Utah.

Darren Barbee
Thu, 03/26/2015 - 10:41

Patriot Royalties Offers Eagle Ford Acreage

The Eagle Ford acreage contains eight wells currently producing 40,000 barrels of oil and 13 million cubic feet of gas per month.  There are also additional proven undeveloped opportunities.

Wed, 03/25/2015 - 11:37

Maple Leaf Royalties Corp. Will Purchase Alberta, Saskatchewan Assets

The transaction with Maple Leaf 2012-II Energy Income Limited Partnership will close April 1. There are 17 oil and natural gas wells producing throughout Alberta and Saskatchewan.

Wed, 03/25/2015 - 11:02

C&J Energy Services Ltd. Emerges From C&J, Nabors Merger

C&J Energy Services Ltd. is led by current C&J management and will be based out of Bermuda. The transaction was originally announced June 25, 2014.

Wed, 03/25/2015 - 09:43

Plains All American Pipeline, Delek Logistics Form Caddo Pipeline JV

The pipeline will move 80,000 barrels of crude oil from Longview, Texas, to Shreveport, La., and El Dorado, Ark. The joint venture between the companies creates Caddo Pipeline LLC.

Wed, 03/25/2015 - 08:59

Austin Exploration, Pierre Energy Partners Form Colorado-Focused JV

Australia-based Austin is operator of an 11,560-acre Pathfinder oil and gas property in Fremont County, Colo., and it agreed to have Pierre drill two wells back-to-back in April and May. 

Tue, 03/24/2015 - 17:12