Joint Ventures


Hess Closes Sale, Establishes $5.35B Bakken Midstream JV

Midstream assets included in the joint venture include a natural gas processing plant in Tioga, N.D. Hess Infrastructure will make an IPO of Hess Midstream Partners LP common units.

Thu, 07/02/2015 - 11:46

Black Gold Resources Acquires Austin Chalk JV Stake

The 13-well EOR project is in Caldwell County, Texas, and 12 of the wells are proved productive vertical oil wells. Of this group, two will become water injection wells.

Thu, 07/02/2015 - 11:28

Alpha Natural Resources Subsidiary Consolidates Marcellus JV Ownership

Pennsylvania Services Corp. will be sole owner and operator of joint venture that supports a concentrated gas resource in Greene County, Pa., in “core of the core” of the Marcellus.

Thu, 07/02/2015 - 10:23

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

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

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

Additive Producer FDEP Formed Under JV

Freestone Dynamis Energy Products LLC, formed after more than year of strategy development, will produce Petrozene additive for tanker sludge, paraffin problems, storage tank maintenance and other issues.

Thu, 06/25/2015 - 11:39

Harvest Natural Resources Enters Venezuela-Focused Partnership

Houston-based Harvest entered into a term sheet with Venezuela’s state-owned PDVSA, its partner in Petrodelta, to reposition Petrodelta’s business. Harvest has a 20.4% investment in Petrodelta.

Mon, 06/22/2015 - 11:17

PBF Energy Will Buy Chalmette Refining

ExxonMobil’s full interest in MOEM Pipeline LLC, and the 80% interests in Collins Pipeline Co. and T&M Terminal Co., are also being purchased under an agreement between ExxonMobil and PBF.

Thu, 06/18/2015 - 15:15

Chevron Sells Offshore Vietnam Stakes To Petrovietnam

Joint-venture partners and the government of Vietnam approved PetroVietnam’s acquisition of the shares of Chevron subsidiaries working offshore Vietnam. Blocks B, 48/95 and 52/97 have been explored since 1996. 

Thu, 06/18/2015 - 11:59

Trinidad Drilling, CanElson Drilling Will Combine

Contract drilling fleets of Trinidad Drilling Ltd. and CanElson Drilling Inc. will combine after the companies combine under court-approved plan. The combined Canadian company will have 163 land drilling rigs.

Thu, 06/11/2015 - 14:55

Matador Wraps Up Delaware Basin Joint Ventures

Following the acquisitions, the company said its acreage position in the Permian Basin in southeast New Mexico and West Texas increased to about 155,500 gross acres.

Tue, 06/09/2015 - 08:17