Joint Ventures

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KMI Closes Acquisition Of BP North America’s Refined Product Terminals

About 160 former BP employees were included as part of the roughly-$350 million transaction. KMI will operate and market 14 of the terminals, which the joint venture will own. 

Erin Pedigo
Mon, 02/01/2016 - 12:19
Free

Athabasca Forms JV With Murphy To Develop Montney, Duvernay

At closing, Athabasca forecasts about C$900 million of liquidity with a net cash position of about C$80 million adjusted for debt.

Emily Moser
Thu, 01/28/2016 - 07:25
Free

Warren Equity, Multifuels Launch New Midstream Company

The new midstream company will be led by a seasoned management team that is highly experienced in the development of pipelines, gathering systems and storage assets in the oil and gas industry, the release said.

Emily Moser
Mon, 01/25/2016 - 07:25
Free

Bayou City, Alta Mesa Subsidiaries Enter JDA For Stack Play Wells

Bayou City will fund all of Alta Mesa’s working interests to the maximum $3.2 million in drilling and completion costs per well for any tranche. Bayou City will receive 80% of Alta Mesa’s  working interest  in each well.

Erin Pedigo
Tue, 01/19/2016 - 05:00
Free

Emerald Bay, Alliance Petro Form JV For South Texas Wells

The project will be a four-well infield drilling program in South Texas and is the first JV between the two companies. Emerald Bay will be the operator for the project.

Emily Moser
Thu, 01/07/2016 - 07:43
Free

Japan's Jera, Shizuoka Gas Sign LNG Sale Agreement

Japan's Jera Co. signed a basic agreement to sell about 70,000 tonnes of LNG per year to Shizuoka Gas for five years, starting in April 2022, Reuters said.

Erin Pedigo
Mon, 12/28/2015 - 09:55
Free

ConocoPhillips Reportedly Sells Stake In Rosneft JV, Exits Russia

The exit from Russia comes about five years after ConocoPhillips sold its biggest sole asset in Russia, a stake in Lukoil, for $9.5 billion.

Emily Moser
Tue, 12/22/2015 - 07:19
Free

Gastar Closes Acquisition Of Additional AMI Interests From Husky Ventures

The AMI participation agreements have been dissolved because the transaction is closed. About 11,000 net noncore, nonproducing acres in Blaine and Major counties, Okla., were transferred to the sellers. 

Erin Pedigo
Wed, 12/16/2015 - 15:59
Free

YPF, Dow Chemical Will Drill For Vaca Muerta Gas In 2016

YPF estimates the Vaca Muerta deposit contains 661Bbbl of oil and 1,181Tcf of natural gas, making it one of the biggest shale reserves in the western hemisphere, Reuters said. 

Erin Pedigo
Tue, 12/15/2015 - 09:21
Free

Seneca Resources Will Develop Marcellus Assets Through JDA

Up to 80 wells on about 10,500 acres in the Clermont/Rich Valley area in Pennsylvania will be developed. Some of them have already been drilled or drilled and completed. 

Erin Pedigo
Wed, 12/02/2015 - 17:39
Free

Hovensa St. Croix Refinery To Be Turned Into Oil Storage Hub

Hovensa currently has capacity for 13 million barrels of crude and oil products. Freepoint will lease 2 million barrels of fuel oil storage at the site, Reuters reported.

Erin Pedigo
Tue, 12/01/2015 - 14:49
Free

BC Operating, Nadel And Gussman Combine Permian Acreage

The large-scale position has multiple Permian targets including Wolfcamp, Avalon, Delaware and Bone Spring production. BC will run at least one drilling rig in 2016 and will add more acreage.

Erin Pedigo
Mon, 11/30/2015 - 09:20

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