Devon to pay $6 billion for Eagle Ford acreage
Devon Energy has agreed to pay $6 billion in cash for Eagle Ford assets owned by GeoSouthern Energy, a company based in The Woodlands, the company said Wednesday.
View ArticleKinder Morgan to buy tanker businesses for $1B
Pipeline giant Kinder Morgan Energy Partners will spend nearly $1 billion to move into the tanker business after agreeing to buy two companies that ship oil between U.S. ports, the companies said Monday.
View ArticleBlackstone CEO sees ‘remarkable’ opportunities in slumping oil
Most of Blackstone's energy investments aren’t in oil, meaning its exposure to lower oil prices is limited, CEO Stephen Schwarzman said.
View ArticleKinder Morgan LNG export project applies for FERC approval
Kinder Morgan is seeking Federal Energy Regulatory Commission to build the $8 billion LNG export project near Pascagoula, Mississippi. The applicants are seeking FERC approval no later than June 17, 2016.
View ArticleLinn Energy sells Permian assets, finalizes $1.5 billion in equity deals
The assets include 6,400 net acres northeast of Midland for prospective horizontal drilling in the Wolfcamp area of the Permian. The deal also includes existing production from 133 wells in the area.
View ArticleSamson bondholders said to contest Cerberus-led takeover plan
Under the plan now in place, Cerberus and other lenders including Silver Point Capital LP and Anschutz Investment Co. would cancel the debt Samson owes them in exchange for ownership.
View ArticleDistress in the oil patch is spurring a new type of joint venture
Joint ventures between oil and gas explorers in the U.S. and their foreign counterparts helped fuel the shale boom. They’re coming back in a new iteration for the bust.
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