Kinder Morgan (ticker: KMI), the largest energy infrastructure company in North America, is adding to its footprint. On October 20, 2015, KMI announced a joint venture agreement with a subsidiary of BP plc (ticker: BP) for 15 terminals at a cost of $350 million. As part of the arrangement, KMI acquires a 75% interest in 14 terminals and will operate
The drilling program of Nighthawk Energy plc (ticker: HAWK.L) is up and running again, and new arrangements in its marketing firm agreements are expected to provide increased upside in the second half of 2015. The plan to drill the first of six gross wells (three net) commenced on schedule in September, as part of its joint development agreement with Cascade
Resolute Energy Corporation (ticker: REN), an exploration and production company based in Denver, Colorado, took a step to enhance its liquidity by selling its Hilight Field asset for $55 million. The divesture, announced on September 16, 2015, is intended to reduce debt and will close before October 6. REN management began marketing the properties in June, and the company will
Nighthawk Energy (ticker: HAWK.L), an exploration and production company focused on conventional operations in the Denver-Julesburg Basin, is preparing to ramp up its drilling program after finalizing a series of financing and joint development agreements. Capital in Place to Begin Drilling in Sept. 2015 The company completed a convertible loan issue in August, raising $10 million to restart operations within
Merced Capital Targets Initial Investment of $50 Million in Its First Oil and Gas Venture On July 23, 2015, Black Ridge Oil & Gas (ticker: ANFC), a Bakken/Three Forks E&P, announced a $50 million initial target investment from Merced Capital to form an entity that will acquire and develop Williston Basin non-operated assets. Black Ridge will receive a management fee and reimbursement
Energy XXI’s Chairman and CEO John Schiller appeared on CNBC’s Mad Money to talk about the disconnect between WTI and Brent crude oil prices, EXXI’s joint venture with Apache to explore the Gulf of Mexico shelf, and the company’s strategy for 2013.
Equal Energy Ltd. (TSX, NYSE: EQU) signed an agreement with Atlas Resource Partners, L.P. (NYSE: ARP) to sell 50% of its interest in approximately 14,500 net undeveloped acres prospective for Mississippian light oil for total cash consideration of approximately US$18 million, or approximately $2,482 per acre. OAG360 has seen per-acre amounts paid ranging between $1,331 to $4,425 for Mississippian-aged prospective
