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.
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Articles from Stakeholders
Permian’s San Andres Draws More NatGas, Crude Oil Infrastructure Expansions
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.
FERC Offers Developers Advice on How to Befriend Stakeholders
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.
Joint Industry Project Would Quantify Fracking Risks
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.
SandRidge Founder Tom Ward Ousted
SandRidge Energy Inc. founder Tom Ward, the former chairman and CEO, was replaced Wednesday by the board of directors, which said its decision was “in the best interests of the company and its shareholders at this time.”
Utah Adopts Greater Sage Grouse Conservation Plan
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.

Eagle Ford Surge: Tens of Thousands of Jobs, Billions in Revenue
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.
Enbridge Unfolds $6.2B Pipeline Expansion
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.
Debate Over EPA Wyoming Tests Boils Over
Finger pointing has begun among the federal, state and industry stakeholders in the ongoing effort to determine whether natural gas drilling in and around Pavillion, WY, has impacted ground water supplies.
Wyoming Governor, Industry Question Pavillion Reports
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.