Post Tagged with: "Hilcorp"

Source: Reuters

BP revises $5.6 billion Alaska deal after oil price crash

Reuters


BP (BP.L) said on Monday it had amended some financial terms of the $5.6 billion sale of its Alaska business to privately held Hilcorp following the recent slump in oil prices, which may lead to a lower …

Alaska Is the Biggest Bet Yet for Texas’s Anti-Shale Oil Billionaire

Alaska Is the Biggest Bet Yet for Texas’s Anti-Shale Oil Billionaire

From Bloomberg


Hildebrand gained fortune buying old, conventional oil assets, bet may be timely as investors begin to sour on shale

Texas oilman Jeffery Hildebrand became a billionaire by shunning the shale revolution taking place in his home state. Now, …

BP Divests Alaska for $5.6 Billion

BP Divests Alaska for $5.6 Billion

By Tyler Losier, Energy Reporter, Oil & Gas 360

BP sells its entire Alaskan business to Hilcorp for a total consideration of $5.6 billion
BP (stock ticker: BP), through its subsidiary BP Alaska, has agreed to sell its entire business

New Oil Tech Adds Hundreds of Millions of Barrels to Alaska’s Oil Resources

New Oil Tech Adds Hundreds of Millions of Barrels to Alaska’s Oil Resources

From Hellenic Shipping News

Rapid technology advances are allowing explorers and producers in Alaska to add hundreds of millions of barrels of new resources to portfolios at a cost competitive with finding oil in the Lower 48 states.

Chief among …

Williams Weighs Selling Stake in Wyoming Pipeline

Williams Weighs Selling Stake in Wyoming Pipeline

From Bloomberg

  • Its 50% of Jackalope system could fetch more than $500 million
  • Division gathers and processes gas in Powder River Basin

 

Williams Cos., one of the biggest natural gas pipeline operators in the U.S., is seeking buyers …

November 30, 2018 - 12:33 pm Closing Bell Story‎, Energy News
BOEM Conditionally Approves Hilcorp’s Artificial Island Plan for Alaska Waters

BOEM Conditionally Approves Hilcorp’s Artificial Island Plan for Alaska Waters

Similar to four others offshore Alaska
Ryan Zinkie, U.S. Secretary of the Interior, provided more details today regarding a proposed oil and gas development facility in offshore Alaska, the first facility of its type in waters off Alaska if approved.

October 25, 2018 - 12:53 pm Closing Bell Story‎, Offshore
Rule Change Would Double Well Density in San Juan Basin for Hilcorp

Rule Change Would Double Well Density in San Juan Basin for Hilcorp

From the Associated Press/US News

ALBUQUERQUE, N.M. (AP) — A Houston-based oil and gas company wants New Mexico regulators to ease restrictions on well locations in two counties within one of the oldest producing basins in the U.S., saying …

First Lease Sale in Alaska’s Federal Waters Since 2008 Attracts $3 Million

First Lease Sale in Alaska’s Federal Waters Since 2008 Attracts $3 Million

Hilcorp Alaska top bidder in Cook Inlet federal lease sale with more than $3 million in high bids on 76,000 acres

Cook Inlet Lease Sale 244 — the first lease sale held in Alaska’s federal waters since 2008 — garnered …