July 9, 2015 – Oil & Gas 360

ETP Simplifies Structure with $20 Billion Sunoco Acquisition

Pennsylvania Forms Task Force to Oversee Construction of 25,000 Miles of Pipeline

July 9, 2015

New task force focuses on developing Pennsylvania infrastructure responsibly In 2014, Pennsylvania became the second largest natural gas producing state after Texas, producing over 4 trillion cubic feet of natural gas last year, according to the Energy Information Administration. The shale revolution has allowed companies to unlock massive quantities of natural gas locked in tight formations, doubling Pennsylvania’s output from

Synergy Resources Reports Fiscal Third Quarter 2015 Results

July 9, 2015

Synergy Resources Corporation (NYSE MKT: SYRG), a U.S. oil and gas exploration and production company focused in the Denver-Julesburg Basin, today reported its fiscal third quarter results for the period ended May 31, 2015. Third Quarter 2015 Financial Results Revenues for the fiscal 2015 third quarter increased 1.4% to $26.0 million from $25.7 million in the same quarter a year

Oil and Gas Discoveries to Date in 2015

July 9, 2015

“If I had to do it over again I would do the same thing. I love the chase. The thrill of exploration.” –Bill Barrett, IPAMS 1993 Wildcatter of the Year, 2003 Hall of Fame Inductee Oil and gas exploration is an art, and even though the golden age of discoveries is likely in the rearview mirror, a certain appreciation will

Matador Resources Company Provides Operational Update, Summary of Recent Corporate Events and Timing for Second Quarter Earnings Release and Conference Call

July 9, 2015

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 a particular emphasis on oil and natural gas shale plays and other unconventional plays and currently focused on its Permian Basin operations in Southeast New Mexico and West Texas, today provided a summary

Turkmenistan: Gazprom Has Become an Insolvent Partner

July 9, 2015

Turkmenistan’s gas company says Gazprom has yet to pay for Turkish gas this year An official release from Turkmenistan’s state-run Turkmengas claimed that Russia’s gas giant Gazprom (ticker: OGZPY) had “become an insolvent partner … due to the continued global economic crisis and Western sanctions against Russia.” “Since the beginning of 2015, Gazprom has not paid its debts to Turkmengas

Enterprise Expands Propylene Pipeline System

July 9, 2015

Enterprise Expands Propylene Pipeline System; Converting North Dean and Lou-Tex Pipelines to Polymer Grade Service Enterprise Products Partners L.P. (EPD) today announced a series of projects to convert and expand segments of its petrochemicals pipeline network designed to increase throughput capacity for polymer grade propylene (“PGP”) and enhance system flexibility and reliability. • North Dean pipeline conversion and expansion –

Sanchez Production Partners Initiates Capital Restructuring with a 1-for-10 Reverse Split

July 9, 2015

Sanchez Production Partners LP (NYSE MKT: SPP) (“SPP” or the “Partnership”) today announced that it intends to implement a 1-for-10 reverse split on its common units, effective after the market closes on August 3, 2015. “Since the summer of 2013, we have worked diligently to better position SPP for future growth by initiating a business development relationship with a committed

Exterran Announces New Name for the U.S. Market Leader in Contract Compression Services

July 9, 2015

Exterran and Exterran Partners are pleased to announce the future name of the market leader in U.S. natural gas contract compression services: Archrock. In the third quarter of 2015, Exterran expects to separate its international contract operations, international aftermarket services and global product line businesses into a standalone company, resulting in two independent companies. The remaining company, which will be

Enterprise Expands Propylene Pipeline System; Converting North Dean and Lou-Tex Pipelines to Polymer Grade Service

July 9, 2015

Enterprise Products Partners L.P. (EPD) today announced a series of projects to convert and expand segments of its petrochemicals pipeline network designed to increase throughput capacity for polymer grade propylene (“PGP”) and enhance system flexibility and reliability. • North Dean pipeline conversion and expansion – The 149-mile pipeline will be converted from refinery grade propylene (“RGP”) service to PGP service.

Spark Energy, Inc. Announces Acquisition of CenStar Energy

July 9, 2015

Spark Energy, Inc. (SPKE), a Delaware corporation (“Spark”), announced today that it has acquired CenStar Energy, a retail energy company with approximately 75,000 residential customer equivalents. CenStar serves natural gas and electricity customers across 20 utilities in New York, New Jersey, and Ohio. In conjunction with the acquisition of CenStar Energy, Spark also announced today that it has amended and

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