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Enerplus to acquire Williston Basin producer Bruin E&P for $465m

Enerplus to acquire Williston Basin producer Bruin E&P for $465m

Enerplus, a Canadian oil and gas company, has signed an all-cash deal worth $465 million to acquire Bruin E&P HoldCo, a pure play producer in the Williston Basin in North Dakota, US. The operational areas of Bruin E&P include the Fort Berthold Indian Reservation, and the Bakken Shale and Three Forks formations. The Texas-based oil […]

Pine Mills oil field : Nostra Terra completes Cypress farm-out well

Pine Mills oil field : Nostra Terra completes Cypress farm-out well

Nostra Terra, a UK-based oil and gas company, said that it has completed the Cypress farm-out well at its Pine Mills oil field in the Permian Basin in Wood County, Texas. The company had perforated the Cypress farm-out well in the target formation in December 2020. After this, the well was swabbed for removing drilling […]

Seahawk oil pipeline : Max Midstream Texas to launch open season

Seahawk oil pipeline : Max Midstream Texas to launch open season

Max Midstream Texas is initiating an open season for its Seahawk oil pipeline, seeking shipper commitments for services in the Eagle Ford region. The Seahawk oil pipeline along with the associated terminal was acquired by the Houston-based midstream company in September 2020 from Oaktree Capital. The crude oil pipeline will connect the Port of Calhoun […]

Adams Resources & Energy acquires Victoria Express Pipeline in Texas

Adams Resources & Energy acquires Victoria Express Pipeline in Texas

Adams Resources & Energy, a US crude oil marketing and transportation company, has acquired Victoria Express Pipeline (VEX Pipeline) and certain associated pipeline terminal facility assets from EnLink Midstream Operating. The financial details of the transaction were not disclosed. The transaction was carried out through Adams Resources & Energy’s crude oil marketing subsidiary – GulfMark Energy […]

ConocoPhillips to acquire US shale producer Concho Resources for $9.7bn

ConocoPhillips to acquire US shale producer Concho Resources for $9.7bn

ConocoPhillips acquisition of Concho Resources : US oil and gas giant ConocoPhillips has agreed to acquire Concho Resources, an unconventional shale producer in the Permian Basin, in an all-stock deal worth $9.7 billion. The deal is set to combine a couple of high-quality industry leaders to create a company with an enterprise value of nearly […]

Max Midstream acquires Seahawk Pipeline and Terminal, announces new pipeline to Texas Gulf Coast

Max Midstream acquires Seahawk Pipeline and Terminal, announces new pipeline to Texas Gulf Coast

Max Midstream said that it has acquired the Seahawk Pipeline and Terminal from Oaktree Capital at the Port of Calhoun in Texas and plans to build a pipeline with an investment of $1 billion that will directly connect the port to both the Eagle Ford and Permian Basins. According to the Texas-based midstream company, the […]

Braskem begins commercial production at polypropylene plant in La Porte

Braskem begins commercial production at polypropylene plant in La Porte

Brazilian polyolefins producer Braskem said that it has started commercial production at its new $750 million polypropylene plant in La Porte, Texas, which is capable of producing 450 kilotons (kt) or a billion pounds per year. Braskem said that the new polypropylene production line is capable of producing the entire polypropylene portfolio, which includes a […]

Barron Petroleum claims major discovery in Permian Basin

Barron Petroleum claims major discovery in Permian Basin

Barron Petroleum has claimed to have made one of the largest hydrocarbon discoveries in the Permian Basin in Texas through the drilling of the Sahota Carson 20BU #1 well. The Texas-based oil and gas company said that the new discovery well in Val Verde County is estimated to hold 417 billion cubic feet, or 74.2 […]

Texan oil and gas firms Southwestern Energy, Montage Resources to merge

Texan oil and gas firms Southwestern Energy, Montage Resources to merge

Southwestern Energy Company has agreed to acquire rival  Texas-based oil and gas Montage Resources Corporation in an all-stock deal. Montage Resources, which is presently focused on the Utica and Marcellus Shales of Southeast Ohio, West Virginia and North Central Pennsylvania, has nearly 195,000 net effective core undeveloped acres. The company was created following a merger […]

Quorum wins oil and gas software contract from Black Bear Transmission

Quorum wins oil and gas software contract from Black Bear Transmission

Quorum Software, a US cloud-based oil and gas software provider, said that Texan midstream company Black Bear Transmission will use its Quorum gas pipeline software, gas measurement software, and measurement services to support its operations. According to the oil and gas software company, Black Bear Transmission requires a proven solution that can support its eight natural […]

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