South Dakota-based energy company Black Hills Corp. is selling its oil and gas development business, after failing to secure regulatory approval from various states to participate in a so-called cost-of-service natural gas program.
One week after oil and gas producers added the most working rigs in the Lower 48 U.S. states in nearly 13 months, last week’s rig count slipped by a handful of rigs, Baker Hughes, a GE company, reports.
Tidewater Logistics, which provides logistics services to the frac sand sector, said last week it sold a “majority interest” in the company to certain funds managed by affiliates of Apollo Global Management.
Here is an interesting way to approach filing for protection from creditors under the U.S. Bankruptcy Code:
File the usual Chapter 11 paperwork, along with all forms and information related to a Restructuring Support Agreement (RSA) agreed-to by no less than 72% of all creditors.
Russian largest gas producer, Gazprom, will build two small-scale liquefied natural gas (LNG) production facilities at local gas distribution stations to refuel LNG-powered locomotives and shunters, Kallanish Energy learns from the company.
The Pennsylvania Department of Environmental Protection (DEP) ruled last week Sunoco Pipeline can resume horizontal directional drilling (HDD) in Chester County for its Mariner East 2 pipeline project, Kallanish Energy reports.