An affiliate of Enterprise Products Partners LP has agreed to acquire the midstream business and assets of Azure Midstream Partners LP and its operating subsidiaries in East Texas and North Louisiana.
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Idaho Proposes New Oil, Gas Rules
A state lower house committee in the Idaho legislature last Tuesday approved a new set of rules for the oil/gas industry. The House Resources and Conservation Committee voted 16-1 in favor of the new rules that were hammered out with the industry and other stakeholders.
CME Clearing in ‘Strong Financial Position’ After MF Global Bankruptcy
After reviewing orders from bankrupt securities firm MF Global Holdings Ltd., CME Clearing, a trading arm of CME Group, said it was holding “substantial excess margin collateral” and continued to be in a “strong financial position” with respect to MF Global and in general.
Newfield, Anadarko Jointly Acquire TXCO Assets in $310M Deal
Ending with an unexpected twist at the end of a bidding war for bankrupt San Antonio-based TXCO Resources Inc.’s oil and gas assets in the Maverick Basin of Southwest Texas, Newfield Exploration Co. and Anadarko Petroleum Corp. — once competitors for the assets — announced a joint transaction last week valued at up to $310 million.
Newfield, Anadarko Come Together on $310M TXCO Asset Purchase
Ending with an unexpected twist at the end of a bidding war for bankrupt San Antonio-based TXCO Resources Inc.’s oil and gas assets in the Maverick Basin of Southwest Texas, Newfield Exploration Co. and Anadarko Petroleum Corp. — once competitors for the assets — announced a joint transaction Tuesday valued at up to $310 million.
Anadarko Outbids Newfield for TXCO Resources
Anadarko Petroleum Corp. has agreed to buy the majority of bankrupt San Antonio-based TXCO Resources Inc. Anadarko’s bid of as much as $310 million beat an earlier offer from Newfield Exploration Co.
Anadarko Outbids Newfield for Remains of TXCO Resources
Anadarko Petroleum Corp. has agreed to buy the majority of bankrupt San Antonio-based TXCO Resources Inc. Anadarko’s bid of as much as $310 million beat an earlier offer from Newfield Exploration Co.
Miller Petroleum Builds Alaska Presence
Miller Petroleum Inc., which explores for natural gas and oil in Alaska and Tennessee, has significantly upped its net reserves and acreage after acquiring the Alaska assets of bankrupt Pacific Energy Resources.
Mariner Strikes $215M Deal to Acquire Edge Petroleum
Mariner Energy Inc. has won a bidding auction to acquire the bankrupt operations of natural gas-weighted Edge Petroleum Corp. in a transaction valued at $215 million. The transaction, set to close by the end of the month, has been approved by the bankruptcy court in which Edge’s Chapter 11 case is pending, which will allow Mariner to build its presence onshore.
Miller Petroleum Builds Alaska Presence
Miller Petroleum Inc., which explores for natural gas and oil in Alaska and Tennessee, has significantly upped its net reserves and acreage after acquiring the Alaska assets of bankrupt Pacific Energy Resources.