Parex Operational Update: Q1 Production 26,700 bopd and Plans for Drilling Activity Increase in 2015 Parex Resources Inc. (“Parex” or the “Company“) (PXT.TO), provides an operational update that confirms Q1 2015 production of 26,700 bopd and announces the start of its 2015 exploration program. All amounts herein are in United States dollars (USD). Exploration & Production Update: Oil production for Q1 2015
Story by San Antonio Business Journal Two new automotive plants being built south of the border are being regarded as good news for natural gas producers in the Eagle Ford shale. A Toyota-to-build-new-plants-in-China-Mexico”>report from the Nikkei Asian Review revealed that Toyota is building an automotive plant in Guanajuato in 2019 that is expected to produce 200,000 Toyota Corollas per year.
Genesis Energy, L.P. Announces Public Offering of Common Units Genesis Energy, L.P. (GEL) today announced the commencement of a registered underwritten public offering of 4,000,000 common units representing limited partner interests. We expect to grant the underwriters a 30-day option to purchase up to 600,000 additional common units from us. We intend to use the net proceeds from the offering,
Tesoro Logistics LP to Acquire Remaining Portion of QEP Midstream Partners, LP Tesoro Logistics LP (TLLP) (“TLLP”) and QEP Midstream Partners, LP (QEPM) (“QEPM”) today jointly announced the signing of a definitive merger agreement whereby TLLP will acquire QEPM in a unit-for-unit exchange. Under the terms of the merger agreement, QEPM public unitholders will receive 0.3088 TLLP common units for
EV Energy Partners Exits the Region Williams Partners L.P. (ticker: WPZ) has increased its equity interest to 70% in Utica East Ohio Midstream LLC (UEO), the company announced on April 6, 2015. The transaction involved EV Energy Partners’ (ticker: EVEP) 21% stake for total consideration of $575 million. M3 Midstream holds the remaining 30% interest in the project, but holds
Tesoro Logistics LP (TLLP) (“TLLP”) and QEP Midstream Partners, LP (QEPM) (“QEPM”) today jointly announced the signing of a definitive merger agreement whereby TLLP will acquire QEPM in a unit-for-unit exchange. Under the terms of the merger agreement, QEPM public unitholders will receive 0.3088 TLLP common units for each QEPM Common Unit held. This consideration is valued at $17.09 per
Iran will add to the glut, but not right away Oil markets were closed last Friday, but prices fell in electronic trade after reports of a framework Iranian nuclear deal raised concerns of added supply to an already over-supplied market. Prices were back up today with analysts estimating that Iranian crude exports could take several months to ramp up significantly.
Williams Partners Agrees to Acquire Additional Interest in Utica East Ohio Midstream Partnership Williams Partners L.P. (WPZ), which, through its subsidiary Utica Gas Services, currently owns 49 percent equity interest in Utica East Ohio Midstream LLC (UEO), today announced it has agreed to acquire an additional 21 percent equity interest in UEO from a subsidiary of EV Energy Partners, L.P. (EVEP)
EV Energy Partners Announces Agreement to Divest Its 21 Percent Interest in Utica East Ohio for $575 million EV Energy Partners, L.P. (EVEP) today announced that it has signed a definitive agreement to divest its entire 21 percent interest in Utica East Ohio Midstream LLC (UEO), to Utica Gas Services, L.L.C., a subsidiary of Williams Partners L.P. (WPZ), for total
Devon Energy Transfers VEX Ownership to Enlink Midstream Last week Devon Energy (ticker: DVN) completed a dropdown of its Victoria Express Pipeline (VEX) to Enlink Midstream Partners (ticker: ENLK). Devon will receive $280 million from ENLK and EnLink Midstream LLC (ticker: ENLC), in which it owns a 34% and 70% interest, respectively. The VEX pipeline is a 56-mile multi-grade crude
Matador Resources Company (MTDR) (“Matador” or the “Company”), an independent energy company engaged in the exploration, development, production and acquisition of oil and natural gas resources, with an emphasis on oil and natural gas shale and other unconventional plays and with a current focus on its Eagle Ford operations in South Texas and its Permian Basin operations in Southeast New
Callon Petroleum Company (CPE) today announced that the borrowing base under its senior secured revolving credit facility remained unchanged at $250 million following its lenders’ regularly scheduled semi-annual redetermination process. There were no other changes to the terms of the credit facility resulting from this borrowing base redetermination. Fred Callon, Chairman and CEO, commented, “We are pleased that our credit
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