Category Archives: Industry News

Hess completes sale, establishes Bakken Midstream Joint Venture valued at $5.35 billion

Hess Corporation (NYSE: HES) completed the previously announced sale of a 50 percent interest in its Bakken midstream assets to Global Infrastructure Partners for cash consideration of $2.675 billion on July 1, 2015. As planned, Hess and Global Infrastructure Partners have created a premier midstream joint venture — Hess Infrastructure Partners. The joint venture has incurred $600 million of debt through a…

Hess announces Bakken Midstream joint venture valued at $5.35 Billion

Hess Corporation (NYSE: HES) announced on June 11, 2015 that it has agreed to sell a 50 percent interest in its Bakken midstream assets to Global Infrastructure Partners, a leading global infrastructure investor with an extensive midstream energy investment track record, for cash consideration of $2.675 billion. Hess and Global…

Nuverra’s Terrafficient Solids Management Process named participant in North Dakota pilot project

Nuverra Environmental Solutions (NYSE: NES), one of the largest U.S. providers of environmental solutions to the energy market, announced on June 8, 2015 its TerrafficientSM integrated solids management process has been designated as a pilot study participant for the development of state standards for recycling oilfield special waste by the North Dakota Department of Health….

American Midstream launches open season for Bakken crude oil gathering system in McKenzie County, ND

American Midstream Partners, LP (NYSE:AMID) (the “Partnership”) announced Friday, May 22, 2015 that American Midstream Bakken, LLC, a wholly-owned subsidiary of the Partnership, is conducting a binding open season for a proposed approximately 50-mile Bakken crude oil gathering and transportation system in the core of McKenzie County, North Dakota (the…

Enable Midstream announces completion of initial phase of Nesson crude oil and produced water gathering system in the Bakken

Enable Midstream Partners, LP (NYSE:ENBL) announced today that the first phase of its Nesson Crude & Produced Water Gathering System is operational. The pipeline serves wells located in Williams and Mountrail Counties of North Dakota, in the prolific Bakken shale play. “Our customers continue to have a need for the…

Energy sector’s enthusiasm for growth diminishes over lingering oil price declines

Regulatory hurdles and geopolitical risk persist   The U.S. energy industry continues to struggle to find its footing as commodity prices remain stubbornly low. This year’s BDO Oil and Gas RiskFactor Report, which analyzes the risk factors listed in the most recent 10-K filings of the 100 largest public U.S. E&P companies, finds…