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Reliance Industries signs $250m deal to offload US shale assets to Northern Oil and Gas

Reliance Industries signs $250m deal to offload US shale assets to Northern Oil and Gas

Reliance Industries has signed a $250 million worth deal to offload its stake in some producing assets in the Appalachian Basin in US held by its fully-owned subsidiary Reliance Marcellus to Delaware-based Northern Oil and Gas. The assets are located in the Marcellus shale play in south-western Pennsylvania, that are currently operated by EQT’s affiliates. […]

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 […]

Halliburton carries out electric grid-powered fracturing in Permian Basin

Halliburton carries out electric grid-powered fracturing in Permian Basin

Halliburton revealed that it has successfully deployed an electric grid-powered fracturing operation for Cimarex Energy on several pads in the Permian Basin in the US. The US-based oilfield services company said that it had started the work in November 2020 and has so far finished nearly 340 stages across various wells using utility-powered electric frac […]

Hilcorp Energy wraps up $5.6bn acquisition of BP’s Alaska operations

Hilcorp Energy wraps up $5.6bn acquisition of BP’s Alaska operations

Hilcorp Energy has wrapped up the previously announced $5.6 billion acquisition of BP’s upstream and midstream operations in Alaska. Harvest Alaska, a midstream services provider and an affiliate of Hilcorp Energy, secured approval from the Regulatory Commission of Alaska last week for acquiring BP’s 49% stake in the 800 miles long Trans-Alaska Pipeline System (TAPS) […]

Zephyr Energy spuds State 16-2 well in Paradox Basin, Utah

Zephyr Energy spuds State 16-2 well in Paradox Basin, Utah

UK-based oil and gas company Zephyr Energy has started drilling of the State 16-2 well in the Paradox Basin in Utah using the Cyclone rig. The primary goals of the well are to drill a mildly deviated well to an approximate true vertical depth (TVD) of 9,815 feet. This is to enable Zephyr Energy to […]

PG&E puts up Pleasant Creek natural gas storage field for sale

PG&E puts up Pleasant Creek natural gas storage field for sale

Pacific Gas and Electric Company (PG&E), a California-based gas and electric utility, has put up its Pleasant Creek natural gas storage field in Yolo County, California, for sale. The Pleasant Creek storage field is partly located in the city of Winters and also in Yolo County. It was discovered by a previous owner and was […]

Line 3 Replacement Project : Enbridge begins construction on Minnesota stretch

Line 3 Replacement Project : Enbridge begins construction on Minnesota stretch

Canadian energy transportation company Enbridge has commenced construction on the Minnesota stretch of its Line 3 Replacement Project following receipt of all the required approvals and permits. The Minnesota Pollution Control Agency (MPCA) approved a construction stormwater permit, which was the last state level permit needed by the crude oil pipeline replacement project. It follows […]

Keystone XL pipeline project : Natural Law Energy to acquire 12% stake for $763m

Keystone XL pipeline project : Natural Law Energy to acquire 12% stake for $763m

Natural Law Energy (NLE) has agreed to acquire a stake of 12% in the $8 billion Keystone XL pipeline project from TC Energy for CAD 1 billion ($763.7 million). The deal follows a memorandum of understanding (MOU) signed by the parties in September 2020 to allow Natural Law Energy to invest in the pipeline project as […]

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 […]

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