Oklahoma advances 5 up to 123; U.S. Rig Count remains flat The result of no change in the rig count to the...
LONDON/TOKYO (Reuters) – Oil prices stood near a one-week high on Friday as global equities headed for their biggest weekly gain in...
The broader upswing in the equities market also helped crude benchmarks. Russia and Saudi Arabia sign LNG deal. Russia and Saudi Arabia signed several energy...
“U.S. producers are enjoying a second wave of shale growth so extraordinary that in 2018 their increase in liquids production could equal...
The increase in the week to Feb. 9 was the biggest weekly rise since January 2017. More than half of those oil...
Chesapeake Energy (CHK) announced last week its exit from the Mississippian Lime, the play that the company helped to pioneer several years...
As we prepare for Valentine’s Day, our gift to you is not a bouquet of roses or a box of chocolates, but...
The Trump administration is aggressively sweeping aside regulations protecting public land to clear a path for expanded oil and gas drilling. A memorandum from...
Oklahoma experienced a dramatic drop in earthquakes in 2017 — a decline likely due, in part, to regulations limiting activity at oil-field...
U.S. energy companies added oil rigs for a second week in a row as crude prices hovered near their highest levels since...
E&P EQT Corp. and Equitrans Midstream Corp. have entered into a definitive merger agreement reuniting the two companies in an all-stock deal worth roughly $5.45 billion, according to a March 11 press release.
The companies said the deal creates the U.S.’ only large-scale, vertically integrated natural gas company prepared to “compete on the global stage,” according to EQT — an echo of the rationale Chesapeake Energy cited in its $7.4 billion merger announcement in January with Southwestern Energy.
Under the terms of the merger agreement, each outstanding share of Equitrans common stock will be exchanged for 0.3504 shares of EQT common stock, representing an implied value of $12.50 per Equitrans share brd on the volume weighted average price of EQT common stock for the 30 days ending on March 8. The transaction suggests a 12% premium over Equitrans’ March 8 closing price of $11.16.
After the deal, EQT shareholders would own 74% of the combined company and Equitrans shareholders the remaining 26%.
EQT said that when complete, the combined company’s enterprise value would exceed $35 billion and add more than 2,000 miles of critical pipeline infrastructure with “extensive overlap with EQT's core upstream operations and existing midstream assets.”
Harold Hamm, the founder of Oklahoma based Continental Resources and a major figure in...
by Bloomberg | Devika Krishna Kumar and Christopher Charleston | Oil held steady after...
Owning mineral rights can be both a rewarding and challenging experience, especially if you...
By Tsvetana Paraskova for Oilprice.com | Russian oil companies and officials have discussed the...
BP has officially abandoned its 2030 target to significantly cut oil and gas production,...
By Bloomberg| Anthony Di Paola & Sherry Su | Saudi Arabia raised its main...
U.S. energy firms have reduced the number of oil and natural gas rigs for...
Story By By David Wethe (Bloomberg) — Oilfield-service costs for US horizontal shale drilling are...
Brent crude prices have climbed 8.5% so far this week on concerns over conflicts...
According to a press release on October 2nd, Texas Pacific Land Corporation (TPL) has...
Story by Tsvetana Paraskova for Oilprice.com: The slump in U.S. natural gas prices in...
“I will cut your energy prices in half” From OilPrice.com | A Trump campaign...
Have your oil & gas questions answered by industry experts.