• NAFTA exit could hamper US gas exports to Mexico, speaker warns
    on January 16, 2018 at 11:04 pm

    A US withdrawal from the North American Free Trade Agreement could create an additional delay for projects seeking to export US natural gas to Mexico, dealing an unnecessary blow to the Trump administration’s goal of establishing US energy dominance, an American Petroleum Institute official warned during a Jan. 16 discussion at the Heritage Foundation. […]

  • Linn Energy to divest Altamont Bluebell field interest
    on January 16, 2018 at 7:22 pm

    Linn Energy Inc., Houston, signed an agreement to sell its interest in properties in Altamont Bluebell field in the Uinta basin to an undisclosed buyer for $132 million. […]

  • EXCO Resources files petitions under Chapter 11
    on January 16, 2018 at 5:23 pm

    EXCO Resources Inc., Dallas, has filed petitions for a court-supervised reorganization under Chapter 11 of the US Bankruptcy Code in the Southern District of Texas and is in discussions with its creditors regarding the terms of a financial restructuring plan. The company will explore alternatives, including a sale of assets under Section 363 of the bankruptcy code.&nbs […]

  • MARKET WATCH: Brent crude oil settles above $70/bbl
    on January 16, 2018 at 3:19 pm

    Brent crude oil for March delivery settled above $70/bbl on the London market Jan. 15 for the first time since December 2014. Analysts attributed rising oil prices in a weakening US dollar. […]

  • Nichols named Shell Midstream Partners CEO; Hollowell to retire
    on January 15, 2018 at 9:49 pm

    Shell Midstream Partners LP reported that after working 38 years with Royal Dutch Shell PLC, John Hollowell will retire as president and chief executive officer of general partner Shell Midstream Partners GP LLC, effective Mar. 31. […]

  • Ineos Oil & Gas forms six business units
    on January 15, 2018 at 6:41 pm

    Ineos Oil & Gas has organized its holdings into six business units. The division of chemical giant Ineos, London, has grown rapidly through acquisitions in the North Sea and UK onshore since 2015. &nbs […]

  • MARKET WATCH: Brent price reaches briefly above $70/bbl
    on January 15, 2018 at 4:12 pm

    Brent crude oil for March delivery traded as high as $70.05/bbl on the London market Jan. 12 before retreating to settle at about $69.90/bbl while light, sweet crude prices in New York settled just above $64/bbl. […]

  • House Resources Democrats question BLM’s fracing rule withdrawal
    on January 12, 2018 at 9:45 pm

    Two leading Democrats on the US House Natural Resources Committee questioned the US Bureau of Land Management’s Dec. 29, 2017, rescission of its 2015 hydraulic fracturing regulation because the agency’s justification varied dramatically from one it reached in 2012 when it explained why the rule was needed. […]

  • SandRidge cancels Bonanza Creek takeover
    on January 12, 2018 at 6:02 pm

    SandRidge Energy Inc., Oklahoma City, has canceled its agreement to acquire Bonanza Creek Energy Inc., Denver. The cash-and-stock deal had an implied value of $746 million. […]

  • MARKET WATCH: Crude-price rally continues after US crude inventory drop
    on January 12, 2018 at 4:23 pm

    US light, sweet crude oil and natural gas futures both traded higher on the New York market Jan. 11 after the US Energy Information Administration reported weekly drops in both crude oil supplies and underground gas storage levels. […]

  • Panel: Oil-price stability expected to aid deal-making in 2018
    on January 12, 2018 at 4:15 pm

    Relative price stability bodes well for oil and gas deal-making in 2018 and the Permian basin is expected to continue as the lead target for merger and acquisition activity. Barring a geopolitical event, oil prices are expected to remain on the high end of the $55-65/bbl range, and price stability is as important to deal-making as a high oil price, said a panel of Gibson, Dunn & Crutcher oil and gas and M&A attorneys in a Jan. 10 webcast. […]

  • EIA: Natural gas in storage drops 359 bcf for week ended Jan. 5
    on January 11, 2018 at 6:30 pm

    Natural gas in underground storage across the Lower 48 was 2.767 tcf for the week ended Jan. 5, down 359 bcf from the previous week, the US Energy Information Administration estimated. […]