American Midstream Partners LP has agreed to acquire 100% of JP Energy Partners LP in a unit-for-unit merger, creating a $2-billion midstream master limited partnership (MLP) with primary operations in the Permian, Eagle Ford, Bakken, and Gulf of Mexico. Source: News

Venezuela’s national oil company likely will be a significant force if reforms are launched successfully to repair the badly damaged national economy and living conditions, speakers at an Oct. 18 Brookings Institution discussion generally agreed. But some also questioned whether Petroleos de Venezuela SA (PDVSA) itself has been damaged so badly by years of neglected […]

According to data from the American Petroleum Institute, total US petroleum deliveries, a measure of petroleum demand, rose 1% in September from the same period last year, but were down 2.6% from August to average 19.6 million b/d. September deliveries were the highest deliveries for the month in 9 years. Source: News

According to data from the US Commodity Futures Trading Commission (CFTC), short positions in West Texas Intermediate crude oil futures contracts held by producers or merchants totaled more than 540,000 as of Oct. 11, the most since 2007. Source: News

Adelaide-headquartered Santos Ltd. has agreed to sell all its remaining Victorian assets to fellow Adelaide company Cooper Energy Ltd. for up to $82 million (Aus.). Source: News

Sentinel Peak Resources California LLC, backed by Denver-based private equity Quantum Energy Partners, has agreed to buy Freeport-McMoRan Inc.’s (FMMR) onshore oil and gas assets in California for $742 million. Source: News

Gastar Exploration Inc., Houston, will develop 60 wells in its Kingfisher County, Okla., STACK play acreage. The drilling program will target the Meramec and Osage formations within the Mississippi Lime in three townships covering 18,000 net undeveloped acres. Source: News