Joint Ventures


IEP, Dominion Enter Agreement Supporting Gas-To-Butanol Potential

Isobutanol burns with less corrosion, holds more of gasoline's energy content allowing longer travel, is cheaper to blend with gas, and is compatible with the current petroleum infrastructure. 

Erin Pedigo
Fri, 08/21/2015 - 11:09

Nine Energy Becomes N. America Provider Of GEODynamic’s Well Tools

FracDock minimizes coiled tubing well intervention procedures while replacing frack plugs during plug and perf. Plugs don’t need to be drilled out and there’s less risk of premature plug setting. 

Erin Pedigo
Thu, 08/20/2015 - 13:46

MarkWest, EMG Will Develop Utica Dry Gas Gathering System

The system will be underpinned by a long-term fee-based contract with Ascent Resources-Utica LLC, a subsidiary of Ascent Resources LLC, which has about 280,000 net acres in Utica and Marcellus.

Thu, 08/13/2015 - 09:06

ConocoPhillips Might Seek Buyers For Indonesia Oil, Gas Stake

ConocoPhillips holds a 40% interest in South Natuna Sea Block B, and other companies with participating interests are Chevron, with 25% and Japan's Inpex, which holds 35%, Reuters said.

Tue, 08/11/2015 - 10:09

Basic Energy Services Signs LOI For Acquisitions Funding

Depending on the size and nature of the transaction, the amount provided will vary. Roe Patterson, Basic’s president and CEO, said some smaller acquisitions have already been made. 

Tue, 08/04/2015 - 16:51

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

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

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

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