ConocoPhillips Sells Canadian Assets to Cenovus Energy Inc. for $13.3 Billion
On March 29, Houston, Texas-based ConocoPhillips announced the sale of some of its Canadian assets to Cenovus Energy, an oil-production firm based in Calgary. The...
Articles by Tim McNally
Joint Venture to be Formed by Schlumberger and Weatherford
On March 24, Schlumberger and Weatherford announced an agreement to create a joint venture known as OneStim. According to a joint release by the companies,...
Exxon Mobil Looks to Build Petrochemical Plant in Texas
by Tim McNally
Exxon Mobil’s and Saudi Basic Industries Corps’ joint plan to build a new petrochemical plant saw significant advancement on March 21, as a school board...
Mammoth Energy Acquires Three Oil Companies
Mammoth Energy Services, Inc., announced on March 21st that it is purchasing three oilfield services companies in an effort to further its offerings in the...
Bankruptcy Restructuring Offers Relief to Chaparral Energy
Oklahoma City-based Chaparral Energy, a private exploration and production company, announced on May 9th that it had filed for Chapter 11 bankruptcy relief in the...
Ethos Offshore US Inc. Files for Chapter 7 Bankruptcy
by Tim McNally
Houston, Texas-based Ethos Offshore US has filed for Chapter 7 bankruptcy after acknowledging that it would not likely be able to pay its debtors. The...
Texas O&G Activity Increases for Second Straight Month
by Tim McNally
The Texas Alliance of Energy Producers released its January Texas Petro Index (TPI) on March 7. The group, which represents the interests of the O&G...
Appeals Court Rules in Favor of Oil and Gas Companies in Louisiana Case
On March 3, a federal appeals court affirmed a district court’s decision to dismiss a case alleging that oil and gas companies were responsible for...
International O&G Leaders Gather for CERAWeek
by Tim McNally
IHS Markit, a data analysis company, is hosting its 36th annual week-long conference in Houston, Texas starting on March 6th. According to the event’s website,...
An Interview with Casey Minshew, COO, EnergyFunders
Tim McNally: Why don’t you tell me a little about why EnergyFunders was founded? Casey Minshew: Philip Racusin (CEO and Co-founder of EnergyFunders) had been...