Eclipse acquiring assets in central Pa. in all-stock deal

December 11, 2017 0

Eclipse Resources said today it’s signed a deal with Travis Peak Resources for oil and gas leases, wells and other rights and interests covering roughly 44,500 net acres in Pennsylvania’s Tioga and Potter counties for $93.7 million in stock.

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Australian producer builds Canadian holdings

December 11, 2017 0

Australian independent oil and gas producer Calima Energy said this week it’s increased its holding in western Canada’s Montney Shale play in northern British Columbia by 4% via a government auction.

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Dover to spin off upstream O&G unit

December 11, 2017 0

Diversified manufacturing conglomerate Dover Corp. said last week it plans to spin off its upstream oil and gas businesses into a new publicly traded company.

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Alaska reserve lease-auction draws only seven bids

December 11, 2017 0

The results were disappointing as the federal government made its largest-ever lease offering in the National Petroleum Reserve-Alaska, Kallanish Energy reports. Last week, oil companies submitted bids on just seven tracts covering 125 square miles in the reserve, the Bureau of Land Management announced.

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NEB: Trans Mountain Pipeline can ignore Burnaby bylaws

December 11, 2017 0

Canada’s National Energy Board has ruled the stalled Trans Mountain Pipeline in western Canada need not comply with two sections of the city of Burnaby’s bylaws, in a small win for Kinder Morgan Canada, Kallanish Energy reports. The order was issued by the NEB on Thursday and allows initial pipeline construction to begin.

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