Park Energy Services Partners With Chesapeake Following Midcon Compression Acquisition
The partnership with Chesapeake Energy follows the acquisition by Park Energy Services of Midcon Compression, a division of Chesapeake, for an undisclosed amount.
HEADLINES: Billion-Dollar Deals; Production Surge; Election Effect
Chesapeake Energy and Encana made headlines this week with multibillion-dollar acquisitions. Also, crude oil and natural gas production hit new records and the industry is watching initiatives on the ballot in Colorado and Washington state next week.
Marketed: Haymaker Minerals & Royalties Bakken, Midland Basin, Scoop/Stack Assets
Haymaker Minerals & Royalties II retained EnergyNet to sell multiple packages comprised of assets in the Williston and Permian basins as well as the Midcontinent region through sealed-bid offerings.
Encana To Combine With Newfield Exploration In $5.5 Billion All-Stock Transaction
The acquisition of Newfield and its key position in the Stack/Scoop is expected to make Encana the second largest producer of unconventional resources in North America.
HEADLINES: Midstream, Upstream Deals; Alaska Project Gets Approval
Also, why Mexico's president-elect criticized Pemex and a private company consortium expects to win the lease for a wind farm offshore California.
Enable Midstream Expands Liquids Business With Velocity Acquisition
Analysts say the $442 million Velocity acquisition combined with the concurrently announced Bakken acreage dedication doubles down on a strategic pivot to liquids by Enable Midstream.
US To Serve The Global Energy Marketplace
U.S. shale has developed at a breathtaking pace, yet we see the revolution still ongoing, according to a Stratas Advisors’ outlook analyzing upstream dynamics in a downstream context.
EOG Warns Hedges Will Hurt Third-Quarter Results
EOG Resources warned of a non-cash loss of $52.1 million in the third quarter on commodity derivative contracts in a filing with the U.S. Securities and Exchange Commission.
LongPoint Minerals II Launches With Nearly $850 Million Capital Raise
LongPoint II is the second company launched by Denver-based FourPoint Energy LLC to focus exclusively on the acquisition of oil and gas mineral interests.
Fall Plays On E&P Players
Fall themes for investing in oil and gas emerged in analysts’ reports including what one firm is calling the “Permian pause.”