By Bevo Beaven, Editor, Oil & Gas 360, with Olivier Goodrich Gulf of Mexico explorer Talos Energy (stock ticker: TALO) has added three new lenders to its credit facility and bumped its borrowing base to $850 million from the previous level of $600 million. Additionally, Talos has announced multiple derivative contracts, consisting of swaps and costless collars, to hedge its
By Tyler Losier, Energy Reporter, Oil & Gas 360 Patrick Conroy promoted to principal Intervale Capital, a private equity firm dealing mainly in the energy industry and the infrastructure products and services sector, has promoted Patrick Conroy to principal, effective immediately. Conroy first joined Intervale back in 2015, and since then, he has been responsible for managing numerous aspects of
NGL Energy Partners LP Closes Combination with Mesquite and Announces Investment from EIG and FS Energy and Power Fund
Effective Rig Count falls by 49 in May By Bevo Beaven, Editor, Oil & Gas 360 Oil & Gas 360 has released the latest Effective Rig Count, a measure that evaluates the state of drilling activity in the U.S. shale plays and links the reported production from the major shale basins. Drilling productivity keeps increasing. CLICK IMAGE TO ACCESS ENERCOM’S
By Tyler Losier, Energy Reporter, Oil & Gas 360 Chisholm Oil and Gas to combine with Gastar Exploration Chisholm Oil and Gas LCC, backed by Apollo Global Management (stock ticker: APO), has entered into a definitive merger agreement with Gastar Exploration LLC, owned by private equity firm Ares Management Corporation (stock ticker: ARES). Source: Gastar The combined company will
Development Capital Resources Announces $165 Million Development Joint Venture in the Permian Basin
By Tyler Losier, Energy Reporter, Oil & Gas 360 Lime Rock Resources acquires land from BP Lime Rock Resources, a private equity firm and operator under the umbrella of Lime Rock Partners, announced today that it has signed a definitive agreement with BP America Production Company to acquire oil and gas assets in Cleveland and McClain counties, Oklahoma. The transaction
By Tyler Losier, Energy Reporter, Oil & Gas 360 Initial capital commitments of $500 million TPG Sixth Street Partners, a global finance and investment business founded in 2009, announced a new partnership today with the Houston-based private oil and gas company Glendale Energy Ventures. The two companies plan to directly invest in the development and acquisition of upstream oil and
From CNBC CrowdStrike opened its first day of trading on the Nasdaq with a share price of $63.50, surging from its IPO price of $34. The company provides cloud-based security software to companies like Amazon Web Services and Credit Suisse. CrowdStrike recorded a net loss of $140 million for the year ended Jan. 31, while revenue more than doubled to
From Bloomberg Supply and demand both falling quickly, says BofA’s Blanch, Energy investors beat sector ‘to death’: RBC Capital Markets Oil flirted with bear-market territory as Saudi Arabia insisted OPEC will avert a global supply glut after international trade brinkmanship triggered the steepest monthly slump this year. Futures gained as much as 2.1% in New York on Monday before surrendering
By Tyler Losier, Energy Reporter, Oil & Gas 360 Increased Gas Processing Capabilities in Weld County Cureton Midstream, LLC, a Denver-based company founded in 2016, signed a commercial agreement this Tuesday with six unnamed E&P’s in the DJ Basin. Over the past year and a half, Cureton has been installing approximately 115 miles of high- and low-pressure gas gathering
By Tyler Losier Partnership seeks to acquire assets Investment firm KKR (stock ticker: KKR) is partnering with Western Natural Resources, with the intention of acquiring and producing undeveloped assets in the Williston Basin. This move is closely aligned with KKR’s Energy Real Assets strategy, which has grown to make up around $4 billion of its investment portfolio since the program’s
