Frac sand companies could continue to feel strain even if oil makes a recovery Every corner of the oil and gas industry has felt the effects of lower commodity prices since prices fell off drastically November of last year. Even as prices seem to be making a slow comeback, with Brent at $65.07, up $11.56 from March 17, and WTI
Oilservice major Halliburton announces marketing of certain assets to satisfy antitrust laws Earlier this month, Halliburton (ticker: HAL) announced that it would divest $3.5 billion in assets in the first round of divestitures to satisfy antitrust concerns in its $35 billion acquisition of Baker Hughes (ticker: BHI). HAL will be separately marketing for sale the company’s Fixed Cutter and Roller
InterOil Corporation (NYSE: IOC; POMSoX: IOC) has begun flow testing at the Elk-Antelope gas field in Papua New Guinea as part of the field appraisal. Papua New Guinea Prime Minister the Honorable Peter O’Neill and the Minister for Department of Petroleum and Energy the Honorable Nixon Duban today visited the Antelope-5 well site in the Gulf Province to see the
Parsley Energy, Inc. (PE) (“Parsley” or the “Company”) today announced that aggregate lender commitments under its revolving credit facility have been increased by $135 million to $500 million. Aggregate commitments equal the Company’s $500 million borrowing base, which was reduced by approximately $61 million in the April 1, 2015 redetermination by its bank lending group. Parsley currently has no outstanding
Canacol Energy Ltd. Enters Into US$ 200 Million Long-Term Secured Credit Agreement to Replace Existing Credit Agreement Canacol Energy Ltd. (“Canacol” or the “Corporation”) (TSX:CNE)(OTCQX:CNNEF)(BVC:CNEC) is pleased to announce that it has entered into a credit agreement for a US$ 200 million senior secured term loan with a syndicate of banks led by BNP Paribas as Sole Lead Arranger and
Alerian Announces A Special Rebalancing Of The Alerian MLP Infrastructure Index Alerian announced today that Regency Energy Partners (RGP) is expected to be removed from the Alerian MLP Infrastructure Index (NYSE:AMZI) in a special rebalancing. Special rebalancings are triggered by corporate actions that result in the termination of trading of an index constituent on a major US exchange. Such corporate
Memorial Production Partners LP Announces First Quarter 2015 Cash Distribution and First Quarter 2015 Earnings Conference Call and Webcast Memorial Production Partners LP (MEMP) announced today that the board of directors of its general partner declared a cash distribution of $0.55 per unit for the first quarter of 2015. This distribution represents an annualized amount of $2.20 per unit and
Larry Lee Controlled Entity Acquires Interest In New Source Energy GP, LLC New Source Energy Partners L.P., a Delaware limited partnership (“NSLP” or the “Partnership”), today announced that 2100 Energy LLC (“2100 Energy”), an entity owned by Larry Lee, whose entities under control and affiliates currently operate over 194 wells and currently produce approximately 2,000 boepd, acquired an 18.4% interest
Week Ended February 5, 2016 None Week Ended January 29, 2016 ONEOK Partners Week Ended January 22, 2016 None Week Ended January 15, 2016 American Midstream Partners Buckeye Partners Martin Midstream Partners MPLX LP NuStar Energy LP ONEOK Partners Rose Rock Midstream Summit Midstream Partners Sunoco LP Tesoro Logistics Week Ended January 8, 2016 Mid-Con Energy Partners Week Ended December
A bill that would prohibit local frac bans is expected to reach the Governor The Oklahoma House approved a bill 64-32 that would prevent local governments from enacting bans on hydraulic fracturing. Senate Bill 809 would leave local governments with the power to enact “reasonable ordinances” in regards to oil and gas activities, but would prohibit any outright bans. After passing the
Story by Bloomberg Iraq, OPEC’s second-biggest producer, will start exporting Basrah Heavy crude next month after offering discounts for the new grade in Europe, Asia and the Americas. The heavy grade “will help us to preserve our oil qualities” and increase “output chances,” Iraq’s Oil Minister Adel Abdul Mahdi said on his Facebook page. Shipments will represent a “big achievement,” he
Tallgrass Energy GP, LP Announces Launch of Initial Public Offering Tallgrass Energy GP, LP (“TEGP”) today announced the launch of its initial public offering of 35,311,000 Class A shares representing limited partner interests pursuant to a registration statement on Form S-1 filed with the U.S. Securities and Exchange Commission (“SEC”). TEGP will list its Class A shares on the New
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