Industry News


Comstock Unloads Eagle Ford Shale Properties

Comstock, based in Frisco, Texas, intends to use proceeds to fund its 2015 drilling program and to enhance the company's liquidity as well as for other corporate purposes.

Wed, 07/01/2015 - 13:59

Exmar Deal Creates $2 Billion LNG Company

Exmar will transfer its assets to Flex LNG in return for 323.7 million new shares in the company, giving it a 64.6% stake, London-based Flex LNG said in a statement July 1. 

Wed, 07/01/2015 - 09:16

Lucas Transfers Property To Victory Through Settlement Agreement

In Karnes County, two wellbores, Boggs Unit No. 1H and the Boggs Unit No. 2H will go to Earthstone Energy/Oak Valley Resources. Lucas sold 139.04 net acres for about $350,000.

Wed, 07/01/2015 - 09:16

NOW Acquires Odessa Pumps And Equipment

The cash transaction is subject to regulatory approval and other closing conditions, were not disclosed. Odessa provides pumps and equipment for oil and gas, municipal and wastewater markets.

Wed, 07/01/2015 - 08:39

Tourmaline Oil Will Acquire Mapan Energy For CA$105.98 Million

Tourmaline Oil Corp. will acquire Mapan Energy Ltd. for CA$105.98 million. There are 216,916 gross acres of land with 19.2 million barrels of oil equivalent of proved plus probable reserves. 

Tue, 06/30/2015 - 16:03

Interests In Core Bakken, Three Forks On The Market

An unidentified Bakken/Three Forks player is offering mineral and royalty interests that include more than 500 producing wells, according to TenOaks Energy Advisors LLC, which has been retained to handle the transaction.

The majority of the interests are located in Williams, McKenzie, Mountrail and Divide counties, N.D. The mineral interests span more than 330 Bakken/Three Forks drilling spacing units.

Tue, 06/30/2015 - 15:31

Magellan, LBC Tank Terminals Form JV

More than 700,000 barrels of crude oil storage capacity and other infrastructure will be built through the roughly-$95 million project, supported by a long-term commitment with a major refiner. 

Tue, 06/30/2015 - 13:43

Montana Exploration To Acquire Gale Force Petroleum

More than 350 million barrels of oil have been produced from Upper and Lower Shaunavon on the Canadian side, and 20MMbbl have been produced on the U.S. side in Montana.

Mon, 06/29/2015 - 11:06

Blue Water, Viscos Form Sludge To Oil JV Company

Oilfield technologies company Blue Water Petroleum Corp. signed a letter of intent with Viscos Energy Partners to form STO (Sludge to Oil) to operate Viscos’ oil sludge remediation, upgrading system.

Fri, 06/26/2015 - 14:53

Extex’s Operated North Texas Properties For Sale

TenOaks Energy Advisors LLC has been retained as exclusive adviser to assist Houston-based 
Extex with the transaction.

Fri, 06/26/2015 - 13:06

Ferrellgas Finalizes Close Of Bridger Logistics Acquisition

Ferrellgas Partners LP completed the close of the Bridger Logistics acquisition for about $562.5 million and 11.2 million common units. Purchase and sale agreement was entered on June 1. 

Fri, 06/26/2015 - 10:28

JVSA Serves Growing Global JV Needs

JVSA will provide JV management, JV auditing, contract and agreement management, vendor compliance and dispute resolution services at offices in Houston and Calgary, Alberta, said PKF Texas, an advisory firm.

Fri, 06/26/2015 - 10:08