• WellBid Inc. and eNersection are merging, and will become Wellogix Inc., which will provide tools for expediting intercompany exchange of enterprise data, streamlining workflow and collaboration, and transacting complex, engineered services via the Internet. The Beacon Group Energy Investment Fund II, which led an investment round in WellBid in May, will invest $8- to $10 million in the new company. • eOilfield.com, Lake Charles, La., an e-commerce, business-to-business portal serving the oil and gas industry, has launched its online oilfield equipment auction site. • PetroCosm Corp., Houston, a global business-to-business e-commerce marketplace for the oil and gas industry, is now live at Petrocosm.com. • Englewood, Colo.-based Oil & Gas Asset Clearinghouse, a wholly owned subsidiary of Petroleum Place, sold $12.4 million of properties at its June 14 auction. • Toreador Resources Corp., Dallas, has acquired a 35% interest in EnergyNet.com Inc. EnergyNet auctions oil and gas properties on a real-time, online basis.
Recommended Reading
ArcLight Completes $865MM Deal for Phillips 66’s Stake in NatGas Line
2025-02-03 - Kinder Morgan will continue to operate the Gulf Coast Express as a project to increase the line’s capacity moves ahead.
Overbuilt Fleet of LNG Tankers Sinking Cargo Transport Rates
2025-01-30 - LNG shipping rates are at historic lows as a flooded transport market waits for projects to come online and more cargoes to move.
ONEOK, Enterprise Renew Agreements with Houston’s Intercontinental Exchange
2025-01-29 - ONEOK and Enterprise Product Partners chose to continue their agreements to transfer and price crude oil with Houston-based Intercontinental Exchange.
FERC Reinstates Permit for Williams’ Mid-Atlantic Project
2025-01-27 - The Federal Energy Regulatory Commission’s latest move allows Williams’ Transco natural gas network to continue operations after a D.C. court shot down the expansion plan.
DC Circuit Denies Rehearing for Williams’ Mid-Atlantic Project
2025-01-23 - Williams Cos.’ Regional Energy Access will continue operating as the midstream company seeks an emergency FERC certificate to keep supplying natural gas to Pennsylvania, New Jersey and Maryland.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.