Sentinel Peak Resources LLC, backed by Denver-based private equity firm Quantum Energy Partners, has named two more industry veterans to its executive leadership team. Source: News
Senators ask Obama to delay Dakota Access pipeline’s construction
US Sens. Bernie Sanders (I-Vt.) and Democrats Benjamin L. Cardin (Md.), Dianne Feinstein (Calif.), Patrick J. Leahy (Vt.), and Edward J. Markey (Mass.) have asked US President Barack Obama to halt construction of the Dakota Access crude oil pipeline until affected Indian tribes are consulted and a fuller environmental review can be conducted. Source: […]
Sentinel to buy Freeport-McMoRan’s California assets for $742 million
Sentinel Peak Resources California LLC, backed by Denver-based private equity firm Quantum Energy Partners, has agreed to acquire Freeport-McMoRan Inc.’s onshore oil and gas properties in California for $742 million. Source: News
BHI: Fueled by gas-directed rigs, US rig count jumps 15 units
The US oil and gas drilling rig count jumped 15 units to 539 during the week ended Oct. 14, according to Baker Hughes Inc. data. Source: News
RSP Permian to buy Silver Hill companies for $2.4 billion
RSP Permian Inc. has agreed to acquire fellow Dallas-based firms Silver Hill Energy Partners LLC and Silver Hill E&P II LLC in two separate deals for $2.4 billion, expanding its position in the Permian Delaware basin. Source: News
Rosneft buys controlling stake in Bashneft
OGSJ Rosneft has acquired the Russian government’s controlling interest in PJSOC Bashneft. Source: News
Koch studies sale of Rotterdam refinery
Koch Supply & Trading is considering the sale of its 85,000-b/d refinery in Rotterdam. Source: News
Geopark says Jacana field adding to its Colombia oil production
Independent Latin American operator Geopark Ltd. reported average net production in Colombia of a rounded 15,678 boe/d in the third quarter, up 20% from the same period a year ago. The additional output came largely from Jacana field, and Geopark continues to appraise Jacana’s oil potential. Source: News
BLM schedules online oil, gas lease sales during December
Citing the success of its recent Eastern States online oil and gas lease sale, the US Bureau of Land Management announced on Oct. 13 that it would hold four more during December. The Western Energy Alliance (WEA) in Denver said it supports the move, especially in light of protests against the Dakota Access crude oil […]
Aramco extends jack up contracts with Asia Offshore Drilling
Saudi Aramco negotiated a 3-year contract extension with Asia Offshore Drilling Ltd. (AOD) for the AOD I and AOD II jack up drilling rigs. Those contracts were due to expire in June 2019 and July 2019, respectively. Source: News