DCP Midstream, DCP Midstream Partners announce merger

DCP Midstream LLC, the Denver-based 50-50 joint venture of Phillips 66 and Spectra Energy Corp., and DCP Midstream Partners LP (DMP) have signed a definitive merger agreement under which the companies will combine their businesses to form a new entity that, by late January, will be the largest NGL producer and gas processor in the […]


BHI: US rig count begins 2017 with 7-unit increase

The US drilling rig count began the new year with its eighth consecutive weekly rise and 28th increase of the past 32 weeks that comprise the recent drilling rebound. Source: News


Pembina Pipeline receives approvals for NEBC Expansion

Pembina Pipeline Corp., Calgary, has received regulatory approval for and has initiated construction on its previously announced $235-million expansion of its pipeline system in northeast British Columbia. Source: News


Antero lifts 2017 capital budget by 7%

Antero Resources Corp., Denver, has set its 2017 capital budget at $1.5 billion, up 7% from 2016. The total includes $1.3 billion for drilling and completions and $200 million for core leasehold additions and extensions. Source: News


W&T Offshore extends Mahogany field resources

After a brief hiatus in drilling in early 2015, W&T Offshore Inc. has logged 149 ft of net oil pay in five zones in its Mahogany field on Ship Shoal Block 359 in the Gulf of Mexico. The SS 349 A-18 well was drilled on the western side of the field to extend the productive […]