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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

  • Source: Houston Chronicle

    Trump announces deputy energy secretary to replace Perry

    October 18, 2019

    Houston Chronicle: President Donald Trump said Friday he would nominate Deputy Energy Secretary Dan Brouillette to helm the Department of Energy, following Rick Perry’s announcement he would resign by the end of the year. “Rick was a great Governor of Texas and a great Secretary of Energy….He is also my friend!” Trump tweeted “At the same time, I am pleased[Read More…]

  • Source: Reuters

    Carlyle Group quits $1 billion U.S. oil export project: Texas port official

    October 18, 2019

    Source: Reuters HOUSTON (Reuters) – Carlyle Group has exited its equity position in Lone Star Ports LLC, which proposed a $1 billion crude oil export terminal near Corpus Christi, Texas, a port official said on Friday. Sean Strawbridge, chief executive of the Port of Corpus Christi, said Carlyle notified the port on Oct. 8 it would no longer proceed with[Read More…]

  • Source: EIA, EnerCom Analytics

    U.S. Rig Count down 5 to 851 rigs

    October 18, 2019

    This week’s Baker Hughes rig count shows that U.S. numbers declined by 5, resulting in the total count falling to 851.  Canada decreased over last week as well by 3 rigs, resulting in a total Canadian count of 143. Breakdown by region Of the regions tracked by Baker Hughes, only two regions saw an increase; the Permian basin saw an increase[Read More…]

  • Source: Reuters/Arnd Wiegmann

    BP raises Asian profile with Chinese acetic acid plant plan

    October 18, 2019

    Source: Reuters LONDON (Reuters) – BP is increasing its Asian presence with an initial agreement, or memorandum of understanding, with China’s Zhejiang Petroleum and Chemical Corporation (ZPCC) to build a 1 million tonne a year acetic acid plant, BP said on Friday. The planned production site for acetic acid, which is used in chemical products such as paints and adhesives,[Read More…]

  • Source: Houston Chronicle

    The late Aubrey McClendon’s Permian business merges with parent to avoid bankruptcy

    October 18, 2019

    Source: Houston Chronicle The Permian Basin business of the late shale pioneer Aubrey McClendon merged its assets with its parent company to avoid bankruptcy for now. Houston-based Permian Sable Resources said Friday it successfully merged its assets with its subsidiary American Energy – Permian Basin and paid almost $400 million in cash in a deal with creditors to cut back the[Read More…]

E&P

People on the move: Steven J. Shapiro appointed to Centennial Resources Dev board

People on the move: Steven J. Shapiro appointed to Centennial Resources Dev board

October 17, 2019 — Comments are Disabled

Centennial Resource Development, Inc. (“Centennial” or the “Company”) (NASDAQ: CDEV) today announced that Steven J. Shapiro has been appointed to its Board of Directors, effective immediately. Mr. Shapiro will serve as a member of the Audit and Compensation Committees. “We are pleased to welcome Steve to our Board of Directors,” said Mark G. Papa, Chairman and Chief Executive Officer. “His[Read More…]

A&D Transactions

Sempra Energy to sell its Peruvian business to China Yangtze for $3.59 billion

Sempra Energy to sell its Peruvian business to China Yangtze for $3.59 billion

September 30, 2019 — Comments are Disabled

Sempra Energy (NYSE: SRE) today announced that it has entered into an agreement to sell its equity interests in its Peruvian businesses, including its 83.6% stake in Luz del Sur S.A.A. (Luz del Sur), to China Yangtze Power International (Hongkong) Co., Limited (CYP). Sempra Energy’s interests will be sold for $3.59 billion in cash, subject to closing adjustments for working capital and net indebtedness[Read More…]

Mergers & Acquisitions

DTE Energy to buy natural gas gathering system, pipeline for $2.25 billion

DTE Energy to buy natural gas gathering system, pipeline for $2.25 billion

October 18, 2019 — Comments are Disabled

Source: Reuters DTE Energy’s midstream business said on Friday it would buy a natural gas gathering system and pipeline in Louisiana’s Haynesville shale for $2.25 billion in cash. DTE Midstream will acquire the assets from Momentum Midstream and Indigo Natural Resources. DTE Energy has looked to expand into natural gas pipelines and storage, which provides steady cash flows even during[Read More…]