More Takeaway for the DJ Basin
April 12, 2018
Outrigger Energy II Enters the DJ Basin with Comprehensive Midstream System
Brazos Midstream Holdings Sold for $1.75 Billion
April 9, 2018
Fort Worth-based Brazos Midstream Holdings, LLC and its financial sponsor, Old Ironsides Energy, have entered into a definitive agreement to sell its Delaware Basin subsidiary companies to North Haven Infrastructure Partners II (NHIP II) and related funds for approximately $1.75 billion in cash. Closing is expected in the second quarter of 2018. Brazos’s Delaware Basin assets are located in Reeves,
Unit Corp Accelerates Drilling Program with $300 Million Sale
March 29, 2018
Divesting 50% Interest in Superior Pipeline Unit Corporation (ticker: UNT) has agreed to sell a fifty percent equity interest in its wholly owned subsidiary, Superior Pipeline Company, LLC for cash proceeds of $300 million. The purchaser, SP Investor Holdings, LLC, is jointly owned by OPTrust and funds managed by Partners Group, a global private markets investment manager. The sale is
Alta Mesa Resources Expects $725-$800 Million 2018 CapEx
March 29, 2018
Alta Mesa Resources, Inc. (ticker: AMR) and its wholly owned subsidiaries, Alta Mesa Holdings, LP (AMHLP) and Kingfisher Midstream, LLC, have released financial results, CapEx guidance and other updates. 2018 CapEx Alta Mesa’s total capital expenditures for 2018 are expected to range from $725 million to $800 million. Capital will be allocated primarily to Alta Mesa’s upstream STACK area, $550 million
Frontera Drums Up 70 MBOEPD in 2017, Plans 2018 Encore
March 28, 2018
Frontera Energy Corporation (ticker: FEC) reported a net loss of $217 million, or $(4.33) per share for 2017. In Q4 2017, the company posted a net loss of $33 million, or $(0.65) per share. The company attributed the year’s loss to impairment charges in the aggregate amount of $123 million and mark to market loss on risk management activities of
Lilis Energy’s Permian Takeaway Starts Operations, Production Now Beyond 5,000 BOEPD
March 26, 2018
Thanks to new takeaway capacity, company looks at additional growth in 2018 Permian E&P Lilis Energy, Inc. (ticker: LLEX) said its third-party operated midstream system has commenced operations. The company also said that its current production is exceeding 5,000 BOEPD (75% liquids) and continues to grow as the midstream system reaches maximum efficiency. Additional wells are currently in flowback. “Completing
After Approving 7 Pipelines in 2017, FERC is Dead in the Water
March 7, 2017
FERC is out of gas without a quorum For years, Marcellus and Utica natural gas transportation bottlenecks have seen producers crying for more takeaway capacity to move produced natural gas out of Appalachia. And just when they started to get some relief from FERC-approved pipeline projects, FERC ran out of gas—at least temporarily. So far in 2017, the Federal Energy Regulatory Commission (FERC)
