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360 Articles

Tesoro Logistics Adds Stake in the Rocky Mountains with $2.5 Billion Acquisition of QEP Field Services

Tesoro Logistics Adds Stake in the Rocky Mountains with $2.5 Billion Acquisition of QEP Field Services

On Sunday, October 19, 2014, Tesoro Logistics (ticker: TLLP) announced the acquisition of QEP Field Services in a deal equaling $2.5 billion. TLLP also acquires a 58% working interest in QEP Midstream Partners (ticker: QEPM), a wholly owned natural gas gathering and processing business of QEP Resources (ticker: QEP). The transaction is expected to close in Q4’14. Tesoro Logistics is[Read More…]

October 20, 2014 - 6:52 pm 360 Articles, Midstream, MLPs
An Oil & Gas 360® Exclusive: Interview with Jason Wangler, Wunderlich Securities

An Oil & Gas 360® Exclusive: Interview with Jason Wangler, Wunderlich Securities

Commodities prices are becoming top-of-mind around the globe. November contract West Texas Intermediate crude closed today at $87.34. Brent closed at $91.74, according to Bloomberg. Earlier in the day Oil & Gas 360® spoke to Jason Wangler, Wunderlich Securities Equity Research, discussing some of the points in his research note sent to clients today. Wangler covers E&P/Onshore Oilfield Services. OAG360:[Read More…]

NiSource Joins the Crowd with New MLP Spin Off

NiSource Joins the Crowd with New MLP Spin Off

NiSource Inc. (ticker: NI) said yesterday it will file a registration statement for an IPO of common units for a new MLP whose assets will consist of a 14.6% interest in CPG OpCo LP, which will own the natural gas transmission, midstream and storage assets of NiSource. NiSource, through its wholly owned subsidiary Columbia Energy Group, will own the general partner[Read More…]

September 29, 2014 - 5:08 pm 360 Articles, Midstream, MLPs
ONEOK Partners Doing its Part to Keep Up with Bakken Midstream Needs; Nearly Doubled Williston Pipeline Network Since 2012

ONEOK Partners Doing its Part to Keep Up with Bakken Midstream Needs; Nearly Doubled Williston Pipeline Network Since 2012

ONEOK has laid enough pipe to go from Dallas to NYC five times and it’s not nearly enough. The current state of the United States oil and gas industry is indicative of a foot race between two Olympic athletes. In lane one is the upstream division, in lane two is the midstream. The stadium is packed – standing room only,[Read More…]

September 23, 2014 - 6:13 pm 360 Articles, Midstream, MLPs
MLPs:  Moving Energy from Wellhead to End User

MLPs:  Moving Energy from Wellhead to End User

Midstream infrastructure has emerged as a hot topic in the oil and gas space. A common theme heard at E&P investor conferences and recent earnings calls is new supply is being produced from the shale basins at a faster rate than the amount of midstream infrastructure available to collect, process and transport it to market. While E&Ps are focused on finding[Read More…]

MLPs are All the Rage in Growing Oil & Gas Industry

MLPs are All the Rage in Growing Oil & Gas Industry

Rice Energy (ticker: RICE) announced the intent to form a master limited partnership (MLP) prior to its Q2’14 earnings release on August 11, 2014. The announcement comes less than seven months after Rice closed its initial public offering in January 2014. The MLP offering is expected to consist of the company’s Pennsylvania gas gathering assets and will likely close in[Read More…]

Magellan Petroleum’s CO2 Injection Project in the Williston is Underway; Results Expected by Q4’14

Magellan Petroleum’s CO2 Injection Project in the Williston is Underway; Results Expected by Q4’14

Magellan Petroleum Corporation (ticker: MPET) is an independent oil and gas exploration and production company with assets in the US, Australia, and the UK.  The Company is primarily focused on the development of a CO2-enhanced oil recovery (CO2-EOR) program at Poplar Dome in eastern Montana.  The Poplar, acquired by Magellan in 2009, is the largest geologic structure in the western[Read More…]

April 2, 2014 - 5:21 pm 360 Articles, Mergers & Acquisitions, Midstream, MLPs, Regulatory
Magellan Petroleum Centralizes Assets, Sells Australian Onshore Plays for $35 Million

Magellan Petroleum Centralizes Assets, Sells Australian Onshore Plays for $35 Million

Magellan Petroleum Corporation (ticker: MPET) is an independent oil and gas exploration and production company with assets in the United States, Australia, and the United Kingdom. The development of a CO2-enhanced oil recovery program at its Poplar Dome assets in eastern Montana is its primary focus. Magellan’s U.K. properties are onshore and include the Weald and Wessex Basins prospective for unconventional[Read More…]

February 18, 2014 - 4:32 pm 360 Articles, Finance, MLPs
Magellan Petroleum Aims to Capitalize on Australia’s Growing Natural Gas Market

Magellan Petroleum Aims to Capitalize on Australia’s Growing Natural Gas Market

Magellan Petroleum Corporation (ticker: MPET) is an independent oil and gas exploration and production company with assets in the United States, Australia, and the United Kingdom. The development of a CO2-enhanced oil recovery program at its Poplar Dome assets in eastern Montana is its primary focus. In Australia, Magellan operates two onshore gas fields in the Amadeus Basin in the Northern[Read More…]

January 27, 2014 - 2:11 pm 360 Articles, Finance, Mergers & Acquisitions, Midstream, MLPs
Magellan Petroleum Aims to Exploit Unconventional Wells in the Gas-Hungry U.K.

Magellan Petroleum Aims to Exploit Unconventional Wells in the Gas-Hungry U.K.

Magellan Petroleum Corporation (ticker: MPET) is an independent oil and gas exploration and production company with assets in the United States, Australia, and the United Kingdom. The development of a CO2-enhanced oil recovery program at its Poplar Dome assets in eastern Montana is its primary focus. Magellan’s U.K. properties are onshore and include the Weald and Wessex Basins prospective for unconventional[Read More…]

January 16, 2014 - 4:49 pm 360 Articles, Fracing, MLPs, Regulatory
Magellan Petroleum’s CO2 Injection Program Highlights Operations in the Williston Basin

Magellan Petroleum’s CO2 Injection Program Highlights Operations in the Williston Basin

Magellan Petroleum Corporation(ticker: MPET) is an independent oil and gas exploration and production company with assets in the US, Australia, and the UK.  The Company is primarily focused on the development of a CO2-enhanced oil recovery (CO2-EOR) program at Poplar Dome in eastern Montana.  The Poplar, acquired by Magellan in 2009, is the largest geologic structure in the western Williston[Read More…]

December 10, 2013 - 4:33 pm 360 Articles, Mergers & Acquisitions, Midstream, MLPs