World Oil (Bloomberg) — Tokyo Gas Co. said its subsidiary Tokyo Gas America Ltd. will purchase Haynesville shale operator Rockcliff Energy II LLC for about $2.7 billion in a move to expand its U.S. shale gas operations. Tokyo Gas America will acquire all the shares of Rockcliff, a portfolio company of Quantum Energy Partners, through its ownership interest in
World Oil (Bloomberg) — Rockcliff Energy LLC, a private equity-backed natural gas explorer, has been speaking with advisers as it evaluates takeover interest from rival U.S. shale drillers, people with knowledge of the matter said. The Houston-based company could seek $4 billion or more in a sale, the people said. Deliberations are at an early stage, and there’s no certainty
Houston Chronicle Most companies are trying to get oil and natural gas out of the ground. Others make money by injecting wastewater or carbon dioxide into geological formations thousands of feet below the surface. Last week’s edition of “Drilling Down” featured the top 10 companies trying to extract oil and natural gas. This week, we’re focusing on those filing for
Houston Chronicle European oil major Royal Dutch Shell filed for six horizontal drilling permits with the Railroad Commission of Texas for projects on five leases split between Winkler and Loving counties in the Permian Basin. Half of those wells target the Wolfcamp geological layer while the others target the Bone Spring formation. Total drilling depths of the projects range from
