Crude Oil ( ) Brent Crude ( ) Natural Gas ( ) S&P 500 ( ) PHLX Oil ( )
Source Parker Drilling

Parker Drilling’s Board of Di...

HOUSTON, Sept. 10, 2019 /PRNewswire/ —...

No, Shale’s Not Dying, It’s Just Maturing

No, Shale’s Not Dying, ItR...

From Forbes Recent headlines heralding the death...

Source The Houston Business Journal

Former Tudor Pickering Holt leader ...

From The Houston Business Journal Nearly...

Source: The Houston Chronicle

Big Oil circles Permian riches as s...

From The Houston Chronicle A bloodbath in energy...

360 Profiles

Featured 360 Articles

  • Yemen’s Houthis propose to Saudi Arabia that both sides halt missile strikes

    Yemen’s Houthis propose to Saudi Arabia that both sides halt missile strikes

    September 20, 2019

    Source: Reuters – Yemen’s Iran-aligned Houthis will stop aiming missile and drone attacks at Saudi Arabia if a coalition targeting Yemen does the same, a Houthi official said on Friday, nearly a week after the Houthis claimed a strike on Saudi oil facilities. The Houthis have insisted they are responsible for a devastating Sept. 14 assault on Saudi Arabia’s oil[Read More…]

  • Source: Houston Chronicle

    Report: Tellurian to sign $2.5 billion deal with India’s Petronet LNG

    September 20, 2019

    Source: Houston Chronicle – Houston liquefied natural gas company Tellurian is expected to sign a $2.5 billion deal with India’s Petronet LNG, sources told Reuters. The deal is expected to be signed on Saturday, Reuters reported. Full details were not immediately available but Reuters reported that Petronet will invest $2.5 billion in Tellurian’s proposed Driftwood LNG export terminal in Lakes[Read More…]

  • Click the above image to access EnerCom's interactive rig count dashboard

    U.S. Rig Count drops another 18 rigs, down to 868

    September 20, 2019

    This week’s Baker Hughes rig count shows that U.S. numbers declined by 18, resulting in the total count falling to 868 and marks the fifth straight decline. Canada decreased compared to last week with a total count of 119, representing a decrease of 15 rigs. Breakdown by region Of the regions tracked by Baker Hughes, only the DJ-Niobrara saw an[Read More…]

  • East Texas refineries shut key units, cut back production after Imelda

    East Texas refineries shut key units, cut back production after Imelda

    September 20, 2019

    Source: Reuters – East Texas refineries shut key units on Thursday night and cut production after Tropical Storm Imelda brought days of heavy rain over the region, rivaling the inundation from 2017’s Hurricane Harvey. More than 40 inches (102 cm) of rain fell on Thursday across Jefferson County, which includes Beaumont and Port Arthur. Exxon Mobil Corp shut the large[Read More…]

  • McDermott to Explore Strategic Alternatives for Lummus Technology

    McDermott to Explore Strategic Alternatives for Lummus Technology

    September 20, 2019

    Company recently received unsolicited approaches for Lummus Technology with valuation exceeding $2.5 billion McDermott International, Inc. (NYSE: MDR) today announced it recently received unsolicited approaches to acquire all or part of Lummus Technology, McDermott’s industry-leading technology business, with valuation exceeding $2.5 billion. Based on the receipt of these approaches, McDermott is exploring strategic alternatives to unlock the value of Lummus[Read More…]

E&P

Source: Houston Chronicle

Oxy selling stake in Plains All American for $650M

September 19, 2019 — Comments are Disabled

Source: Houston Chronicle As Occidental Petroleum seeks to trim down after buying Anadarko Petroleum for $30 billion, the company said it would sell its stake in Plains All American Pipeline for $650 million. Oxy placed its stake in Plains and the parent Plains GP Holdings up for sale on public markets after owning a position in the Houston oil pipeline[Read More…]

A&D Transactions

Tailwater Capital Announces Commitment of $150 Million to Triten Energy Partners

Tailwater Capital Announces Commitment of $150 Million to Triten Energy Partners

September 19, 2019 — Comments are Disabled

Commitment Furthers Tailwater’s Downstream-Adjacent Investment Strategy Tailwater Capital LLC (“Tailwater”), an energy-focused private equity firm based in Dallas, today announced an equity commitment of $150 million to Triten Energy Partners (“TEP”, “Triten” or the “Company”), a newly established Company based in Houston pursuing downstream infrastructure projects. TEP will develop and acquire downstream facilities related to producing valuable fuels and chemicals[Read More…]

Mergers & Acquisitions

SemGroup to be Acquired by Energy Transfer in $5 Billion Transaction

SemGroup to be Acquired by Energy Transfer in $5 Billion Transaction

September 17, 2019 — Comments are Disabled

  SemGroup to merge with one of the largest, diversified midstream energy companies in North America Benefits of scale will strengthen and accelerate growth opportunities for SemGroup assets and improve access to capital markets SemGroup shareholders to benefit from significant, immediate premium and future upside of combined company SemGroup® Corporation (NYSE: SEMG) today announced it has entered into a definitive merger[Read More…]