November 19, 2018 – Oil & Gas 360

Just about a year ago, a handful of oil and gas CEOs were urged to take action by their own. Tim Dove, CEO of Pioneer Natural Resources (stock ticker: PXD) and Travis Stice, CEO of Diamondback Energy (stock ticker: FANG) asked a group of fellow Permian Basin oil producers to help identify and find ways to solve the human needs

Texas Feeding Frenzy Continues in $1.6 Billion Deal

November 19, 2018

Deal expands Cimarex’s Reeves County position The oil and gas M&A frenzy continues, as Cimarex Energy (stock ticker: XEC) announced its acquisition of Resolute Energy (stock ticker: REN) today. Resolute Energy is a pure-play Delaware player, with 21,100 net acres in Reeves County. The company is currently producing 34.8 MBOEPD, 45% of which is oil. Much of this acreage is

QEP Resources Sells its Haynesville/Cotton Valley Assets for $735 Million

November 19, 2018

QEP will become a Permian pure-play oil producer soon as Bakken, Haynesville deals close QEP Resources, Inc. (stock ticker: QEP) said its subsidiaries, QEP Energy Company, QEP Marketing Company, and QEP Oil & Gas Company, have entered into a definitive agreement to sell natural gas and oil producing properties, undeveloped acreage and associated gas gathering and treating systems in the Haynesville/Cotton

Russia Tightens Energy Grip on Turkey and Southern Europe

November 19, 2018

From Bloomberg Russia is one step closer to tightening its natural-gas grip on Turkey and southern Europe just as the U.S. aims to curb the expansion of Kremlin-backed energy projects. President Vladimir Putin and his Turkish counterpart Recep Tayyip Erdogan met in Istanbul on Monday to oversee the completion of the 930-kilometer (580-mile) underwater part of the TurkStream dual pipeline, which is

Reliance Considers Plan to Expand World’s Largest Refinery Complex

November 19, 2018

From Bloomberg Billionaire Mukesh Ambani-owned Reliance Industries Ltd. is considering a plan to boost its oil-refining capacity by about half, people with knowledge of the matter said. The proposed plant, to come up at the world’s biggest refining complex in Jamnagar, will be able to process as much as 30 million tons of crude a year, the people said asking not to be identified

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