Archives for 2019
U.S. oil and gas rig count falls
The nation’s total number of rigs fell to 851, more than 200 fewer rigs than the same week a year ago. Source: FuelFix
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Houston firms sell Haynesville pipeline assets for $2.65 billion
Affiliated Houston firms Momentum Midstream and Indigo Natural Resources are selling their jointly owned pipeline assets in the Haynesville shale for $2.65 billion to Detroit-based DTE Midtsream. Source: FuelFix
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The late Aubrey McClendon's Permian business merges with parent to avoid bankruptcy
The Permian Basin business of the late shale pioneer Aubrey McClendon merged its assets with its parent company to avoid bankruptcy for now. Source: FuelFix
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Saudi Aramco to delay launch of its initial public offering
Saudi Aramco’s stop-start initial public offering was delayed again just days before a planned launch as doubts re-emerged about the $2 trillion valuation placed on the state oil giant by Crown Prince Mohammed bin Salman....
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Marathon Petroleum board, investors are said to discuss CEO
Marathon Petroleum Corp. board members are meeting this week with activist investors to discuss Chief Executive Officer Gary Heminger’s future and the company’s strategy amid calls to split up its businesses, according to people familiar...
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