Blackstone Energy Partners has binding agreements in hand to acquire a majority stake in Ulterra Drilling Technologies, a drillbit manufacturer that works across North America, from affiliates of American Securities LLC.
Articles from Stakeholders
As interest in the San Andres formation in the Permian Basin is growing, so too is infrastructure, with Stakeholder Midstream LLC announcing Tuesday it plans to build a natural gas gathering system that would run from West Texas into southeastern New Mexico. It also plans to expand a crude gathering system in the play.
As open dockets for pipeline and liquefied natural gas (LNG) projects groan under the weight of numerous objections from landowners and others, FERC has published guidance on “best practices” for stakeholder outreach. Projects will have an easier time in the regulatory process if developers try to make friends with the locals, the Commission said.
The oil and natural gas industry, and other stakeholders, should collaborate to quantify potential risks of hydraulic fracturing (fracking), according to DNV GL, a global maritime and oil/gas safety consulting and accreditation organization.
A diverse set of federal and state stakeholders has completed a new conservation plan for Utah that is designed to protect more than 90% of greater sage grouse habitat through a combination of incentives and “reasonable” regulations, Gov. Gary Herbert said last week.
Development of oil and natural gas in the Eagle Ford Shale added more than $61 billion in total economic impact during 2012, according to a study by the Center for Community and Business Research in The University of Texas at San Antonio (UTSA) Institute for Economic Development.
As part of a continuing effort to stretch Bakken and western Canadian oil supplies into new markets, Calgary-based Enbridge Inc. on Thursday outlined a $6.2 billion, four-year effort to expand several of its pipelines to access light oil markets in the eastern United States and Canada.
Finger pointing has begun among the federal, state and industry stakeholders in the ongoing effort to determine whether natural gas drilling, and specifically hydraulic fracturing (fracking), near Pavillion, WY, has contaminated groundwater.