EQT Production Co., a subsidiary of Pittsburgh-based EQT Corp., has won a bankruptcy auction to acquire 53,400 core net Marcellus acres, including drilling rights on 44,100 net acres in the Utica, from Stone Energy Corp., Lafayette, La., for $527 million. Source: News

BHP Billiton Ltd. reported that its board has approved expenditure of $2.2 billion for its share of the development of the Mad Dog Phase 2 project in the Gulf of Mexico. Source: News

MOL Group has received six licenses in Hungary’s 4th bid round, doubling its exploration acreage in the country. Source: News

Two US senators introduced separate bills aimed at restricting federal regulation of hydraulic fracturing in onshore oil and gas activities. Both measures were referred to the Energy and Natural Resources Committee, where they may be combined before being considered. Source: News

Parsley Energy Inc., Austin, has agreed to acquire undeveloped acreage and producing oil and gas properties in Permian’s Midland basin from recently formed Double Eagle Energy Permian LLC for $2.8 billion. Source: News

The Dakota Access crude oil pipeline project’s sponsor reported that it received the final easement necessary to complete the project from the US Army Corps of Engineers (ACE). “With this action, Dakota Access now has received all federal authorizations necessary to proceed expeditiously to complete construction of the pipeline,” Dallas-based Energy Transfer Partners LP said […]