By Tyler Losier, Energy Reporter, Oil & Gas 360 Acquisition of Lineal Star completed in an all-stock transaction Camber Energy (stock ticker: CEI), an independent E&P with a new focus on adding midstream, downstream and field service activities, closed its previously announced acquisition of Lineal Star Holdings on Monday through an all-stock transaction by entry into an agreement and plan
By Tyler Losier, Energy Reporter, Oil & Gas 360 Antero intends to offer $600 million in senior unsecured notes Antero Midstream Partners LP, a wholly owned subsidiary of Antero Midstream, intends to offer $600 million in aggregate principal amount of senior unsecured notes due 2028 in a private placement to eligible purchasers. The proceeds of this offering are expected to
By Tyler Losier, Energy Reporter, Oil & Gas 360 Chevron Phillips to have 30% stake in new petrochemical plant Chevron Phillips Chemical Company LLC – equally owned by Chevron Corporation and Phillips 66 – and Qatar Petroleum (QP) have inked a deal for the development, construction and operation of a new petrochemicals complex in Qatar. The facility, to be built
By Tyler Losier, Energy Reporter, Oil & Gas 360 ConocoPhillips Alaska (stock ticker: COP) has forged an agreement with Caelus Natural Resources Alaska, a small, private E&P, to acquire 100% of Caelus’s holding in the Nuna discovery. The land in question is located just east of the Colville river, approximately five miles southwest of the Oooguruk field. The purchase will
November 01, 2018 16:40 ET | Source: Range Resources Corporation FORT WORTH, Texas, Nov. 01, 2018 (GLOBE NEWSWIRE) — RANGE RESOURCES CORPORATION (NYSE: RRC) announced today that Steve Gray has been appointed to the Company’s Board of Directors. Mr. Gray’s appointment is effective October 30, and was mutually agreed upon by the Company’s Board of Directors and SailingStone Capital Partners, LLC. Mr. Gray will serve on the
SemGroup® Corporation (NYSE:SEMG) and DCP Midstream, LP (NYSE:DCP) today announced that, due to shipper interest, they have extended by one week the binding open season for natural gas liquids (NGL) transportation service from the DJ Basin to Mont Belvieu, Texas. The transportation capacity is available via a soon-to-be converted portion of White Cliffs Pipeline and Southern Hills Pipeline, connecting Weld
Targa Resources Corp. (NYSE: TRGP) (“Targa” or the “Company”) announced today that Targa NGL Pipeline Company LLC, a wholly owned subsidiary of the Company, has launched an open season commencing June 15, 2018 and closing July 6, 2018 to gauge shipper interest in firm interstate transportation service for natural gas liquids (“NGLs”) from Coal and Hughes Counties, Oklahoma to Mont
In the fourth quarter of 2017, Unit Corporation (ticker: UNT) recorded a net income of $89.2 million, this compares to a net income of $1.7 million for Q4 2016. $81.3 million of the net income was accounted for as a tax benefit associated with the Tax Cuts and Jobs Act enacted during the quarter. Total revenues for the quarter were
Occidental Petroleum Corporation (ticker: OXY) reported net income of $497 million, or $0.65 per diluted share, for the fourth quarter of 2017, compared with $190 million, or $0.25 per diluted share, for the third quarter of 2017. Core income for the fourth quarter of 2017 was $313 million, or $0.41 per diluted share, compared with $137 million, or $0.18 per diluted
Diamondback Energy, Inc. (ticker: FANG) pulled in a net income of $115 million in the fourth quarter of 2017, or $1.16 per diluted share. Diamondback spent $246 million on drilling, completions, non-operated properties and $61 million on infrastructure in the fourth quarter of 2017. For the full year 2017, Diamondback spent $737 million on drilling, completions, non-operated properties and $124
Enterprise Products Partners L.P. (ticker: EPD) plans to convert one of its NGL pipelines to carry crude oil from the Permian Basin to Enterprise’s crude oil hub in the Houston area. The conversion is expected to be completed in the first half of 2020. This pipeline conversion would provide the partnership with total crude oil pipeline capacity of over 650,000
220,000 BPD pipe: targeting early 2018 for initial phase in-service date EPIC Y Grade Pipeline, LP, a subsidiary of EPIC Y Grade Services, LP and EPIC Midstream Holdings, LP, has signed a definitive agreement with BP Energy Company to anchor a new 650-mile natural gas liquids (NGL) pipeline that will be known as “EPIC NGL Pipeline,” which will link producers’
