Hilcorp Captures BP’s Legacy Alaska Oil, Gas Operations for $5.6B

Hilcorp Captures BP’s Legacy Alaska Oil, Gas Operations for $5.6B

Houston-based Hilcorp Energy Co., one of the largest private operators in the country and the largest in Alaska, pulled a stunner Tuesday, agreeing to pay BP plc $5.6 billion for all of its legacy operations and interests.

August 27, 2019

Alaska Will Accept LNG Capacity Requests Until Aug. 31

After securing a memorandum of understanding (MOU) with Korea Gas Corp. (Kogas) to cooperate on liquefied natural gas (LNG) issues, Alaska’s state-owned natural gas corporation said it will accept expressions of interest for capacity on its Alaska LNG Project through the end of August.

July 6, 2017
West Virginia Supreme Court Sides With Industry in Marcellus Pooling Case

West Virginia Supreme Court Sides With Industry in Marcellus Pooling Case

The Supreme Court of Appeals of West Virginia has reversed a lower court ruling that approval by those holding oil and natural gas royalty rights is required for pooling agreements in the state’s Marcellus Shale.

June 2, 2017

Thailand’s Banpu Secures Interests in More Marcellus Assets

Energy investment firm Kalnin Ventures LLC has cut another deal to acquire more nonoperated Marcellus Shale interests in Northeast Pennsylvania on behalf of its client Banpu pcl.

March 21, 2017

Foreign Interest in U.S. Oil, NatGas Assets Vanished in 2Q

U.S. oil and natural gas mergers and acquisition activity (M&A) plunged in the second quarter from the first three months of 2012, with divestitures driving activity, according to PwC US.

August 7, 2013

ENGlobal Wins Contract for Ohio Cryogenic Plant

ENGlobal Corp. has been awarded a $5 million contract to provide engineering and procurement support services for a cryogenic processing plant being built in Carroll County, OH, and owned by Utica East Ohio Midstream LLC (UEO).

July 29, 2013

Pony Express Conversion Project Gets Favorable Environmental Nod

FERC on Friday issued a favorable environmental assessment (EA) of Tallgrass Interstate Gas Transmission’s proposal to convert the Pony Express Pipeline to meet the increasing demand for crude oil transportation service out of the Bakken formation.

June 18, 2013

Industry Briefs

Western Gas Partners LP has exercised an option to acquire a 25% interest in a joint venture with Enterprise Products Partners LP to own two fractionation trains (Trains 7 and 8) being constructed in Mont Belvieu, TX. The trains, scheduled to begin service later this year, would be operated by Enterprise. Western, formed by Anadarko Petroleum Corp., also plans to begin constructing a second cryogenic processing train at its Lancaster plant in the Denver-Julesburg Basin this year. Lancaster II is expected to have a capacity of 300 MMcf/d with throughput of 200 MMcf/d guaranteed by an Anadarko subsidiary. The partnership anticipates the project will cost $165 million, with 50% spent in 2013 and the remainder spent by early 2015. The new train is expected to begin operating in early 2015.

June 13, 2013

Crosstex Invests Another $25M in Utica Partnership

Crosstex Energy Inc. will invest about $25 million in a third natural gas compression and condensate stabilization facility in the Ohio River Valley through E2, a company Crosstex formed in March with former management of Enerven Compression Services to serve Utica Shale producers.

May 16, 2013

Pioneer Proposes West Texas MLP Buyout

Pioneer Natural Resources Co. (PXD) has made a buyout offer to Pioneer Southwest Energy Partners LP(PSE) with the goal of consolidating the companies’ properties in the Midland Basin in West Texas.

May 13, 2013
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