By Tyler Losier, Energy Reporter, Oil & Gas 360 Genscape will become a part of Verisk subsidiary Wood Mackenzie Verisk (stock ticker: VRSK), a data analytics provider headquartered in New Jersey, has signed a definitive agreement to acquire Genscape, a provider of real-time data for commodity markets, from Daily Mail and General Trust (DMGT) for $364 million in cash. As
By Tyler Losier, Energy Reporter, Oil & Gas 360 Alliance Resource Partners Acquires $145 million worth of Permian mineral interests from Wing Resources Alliance Resource Partners L.P. (stock ticker: ARLP), a diversified natural resource company based in Tulsa, Oklahoma, has completed its previously announced acquisition of oil and gas mineral interests in the Permian Basin from Wing Resources LLC and
By Tyler Losier, Energy Reporter, Oil & Gas 360 Lonestar estimates production of 13,500 BOEPD for Q2 2019 Lonestar Resources (stock ticker: LONE), an independent E&P focused on the Eagle Ford Basin in Texas, released its estimated production rates for Q2 2019, registering results higher than the guidance for each commodity. More specifically, after the completion of the three months
ONEOK Announces Bakken NGL Pipeline Extension to Support New Third-party NGL Volume
Enterprise Products Partners L.P. (NYSE: EPD) and Apache Corporation (NYSE and NASDAQ: APA) executed a long-term agreement, in which Apache is committing 100 percent of its Alpine High natural gas liquids (“NGLs”) to Enterprise. Apache has 336,000 net acres in its Alpine High discovery in the Delaware Basin. Enterprise has committed to accept a minimum of 205,000 barrels per day
Range Resources Corporation (ticker: RRC) reported a net income of $49 million, or $0.20 per diluted share. “The first quarter was a good start to the year, generating record quarterly cash flow while remaining on track to deliver our expected 11% growth within cash flow for 2018. Operationally, Range is focused on translating our peer leading inventory into shareholder value
Canada is hurting for takeaway capacity—the industry needs pipelines to take its oil and gas production to market, or more locomotive hauling capacity—or both. Cenovus Energy Inc. (ticker: CVE) said it has reduced production rates due to pipeline constraints and a lower price for Canada’s oil. Cenovus is storing excess barrels in its reservoirs due to wider than normal light-heavy
Cabot Oil & Gas Corporation (ticker: COG) produced 685.3 Bcfe in 2017. The production mix consisted of 655.6 Bcf of natural gas, 4,440.9 Mbbls of crude oil and condensate and 512.1 Mbbls of NGLs. Cabot incurred a total of $757.2 million of capital expenditures in 2017, including $637.2 million of drilling and facilities capital associated with drilling 91 gross (82.5
250-275 gross wells expected to be on production in the Permian Basin in 2018 $2.6 billion 2018 Permian-focused CapEx Pioneer Natural Resources (ticker: PXD) placed 64 horizontal wells on production in the fourth quarter of 2017. In the Permian, 43 wells were in the northern area and 21 wells were in the southern Wolfcamp joint venture area. For the full
U.S. midstream services company Targa Resources Corp. (ticker: TRGP) announced executive changes, all effective March 1, 2018. Targa said its board has appointed: Matthew J. Meloy to President, reporting to Targa CEO Joe Bob Perkins Jennifer R. Kneale to Chief Financial Officer, reporting to Targa CEO Joe Bob Perkins Patrick J. McDonie to President – Gathering and Processing, reporting to
EPIC’s Y Grade pipeline will link NGLs from Permian and Eagle Ford to Corpus Christi Construction began Tuesday on the first phase of the EPIC NGL Pipeline project. The 650-mile EPIC NGL Pipeline runs from Southeast New Mexico to Corpus Christi. When complete in early 2019, the EPIC NGL pipeline will have throughput capacity of at least 375,000 barrels per
DCP Midstream (ticker: DCP) announced this week it will be expanding its Sand Hills natural gas liquids pipeline by 85 MBPD up to approximately 450 MBPD. DCP will be investing $105 million towards long lead equipment and securing right of way, according to its press release. The expansion will include partial looping and the addition of seven new pump stations.
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