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.
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.
Oil prices rose Friday, helped by rising Chinese crude demand and threats of a strike in Africa's largest oil exporter, but U.S. crude still posted its biggest weekly loss in two months, Reuters reported.
Catalyst Midstream Partners, a joint venture between affiliates of Howard Energy Partners and WPX Energy said its Stateline Crude unit has launched a binding open season for a crude oil gathering and related pipeline system to serve the Delaware Basin.
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.
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.
Private equity firm ArcLight Capital Partners’ LOGOS Resources II portfolio company is acquiring independent producer WPX Energy's legacy gas properties and undeveloped Mancos acreage in the San Juan Basin.