Operator

TexStar Acquires Eagle Ford Shale Pipeline

TexStar Midstream Services LP has acquired Tierra Pipeline LP from The Tierra Companies, and the companies said they have tentatively agreed on the sale of trucking operator Tierra Transportation to Black Creek Well Services, a TexStar sister company, with closing expected by July 1.

April 22, 2013

People

Randy L. Limbacher, former chairman, CEO and president of Rosetta Resources Inc., is taking the helm of Tulsa onshore operator Samson Resources Corp. Limbacher, who has 32 years in the exploration business, ran Rosetta from November 2007 until the end of February. He previously was president of exploration and production in the Americas for ConocoPhillips and worked at predecessor Burlington Resources Inc. for 20 years.

April 22, 2013

People

Randy L. Limbacher, former chairman, CEO and president of Rosetta Resources Inc., is taking the helm of Tulsa onshore operator Samson Resources Corp. Limbacher, who has 32 years in the exploration business, ran Rosetta from November 2007 until the end of February. He previously was president of exploration and production in the Americas for ConocoPhillips and worked at predecessor Burlington Resources Inc. for 20 years. “With positions in some of the best plays in North America, a dedicated team of talented executives, and the backing of leading energy investors, Samson is well positioned to begin its next phase of growth,” said Limbacher.

April 18, 2013

Magnum Hunter Drilling First Utica Target

Magnum Hunter Resources Corp. said Friday it has dropped a drillbit into its first Utica Shale horizontal target in Ohio’s northern Washington County.

April 15, 2013

NuVista Taking Montney Midstream Capacity

Canadian midstream operator Keyera Corp. has agreed to transport and process the Wapiti Montney condensate-rich natural gas production of NuVista Energy Ltd.

April 10, 2013
SandRidge Cost Cutting Could Include Reduced Rig Count

SandRidge Cost Cutting Could Include Reduced Rig Count

SandRidge Energy Inc.’s revamped board of directors is making good on its promise to review the company’s strategy and costs — including a potential decrease in rig count — and allegations made against embattled CEO Tom Ward by hedge fund TPG-Axon Capital.

April 9, 2013

BP Waves Goodbye to ‘Beyond Petroleum’ with Wind Sale

BP plc is putting its once touted U.S. wind energy business on the market to refocus on growing its oil and natural gas operations, the operator said last week.

April 8, 2013

BP Selling U.S. Wind Unit, Focusing on Oil, Natural Gas

BP plc is putting its U.S. wind energy business on the market to refocus on growing its oil and natural gas operations, the operator said Wednesday.

April 4, 2013

BP Sharing Rosneft Proceeds with Stockholders

BP plc is taking some of the proceeds from the sale of its half-stake in TNK-BP and repurchasing shares valued at up to $8 billion, the operator said Friday.

March 25, 2013

ExxonMobil Builds Woodford War Chest

ExxonMobil Corp.’s quest to remain the biggest operator in the Ardmore Basin’s Woodford Shale remains on track after the super major agreed to pay $147.5 million to buy the bulk of BNK Petroleum Inc.’s leasehold in the Tishomingo Field.

March 25, 2013