Industry News

Financial News, Deals, Mergers
Why Warren Buffett is betting on energy pipelines even as climate fears, and renewables, are rising
With the coronavirus pandemic slashing demand for the oil and gas that has been booming the U.S. shale during the past decade, energy pipeline development has stalled. The midstream portion of the energy complex...
Tailwater Capital Closes $1.1B Midstream Fund
Dallas-based private equity firm Tailwater Capital LLC has closed Tailwater Energy Fund IV LP with $1.1 billion in capital commitments, including a co-investment for one of Fund IV's platform companies. Fund IV......
How to get a business loan in Canada
Before they provide you with a loan, your banker will assess if your company represents an acceptable risk for them and if it will be able to repay its loan. A banker will be comfortable lending money if your company’s
Texas investment firm active in Oklahoma’s STACK and SCOOP
Blue Sage Capital based in Austin, Texas announced 2018 was its most active year in its 18-year history and some of the developments happened in Oklahoma’s STACK and SCOOP plays.
CME plans to launch e-auction for U.S. crude oil exports
CME Group said it plans to launch an electronic auction platform with U.S. energy firm Enterprise Products Partners LP in March to sell U.S. spot crude oil export cargoes. The United States became the world’s largest
Apollo Is Said to Confidentially File for New Pipeline SPAC
Apollo Global Management LLC has formed an energy-focused blank-check company to invest in oil and gas pipeline infrastructure in North America, according to people familiar with the matter. The New York-based firm has
Private firm raises $3.25 billion to pour into midstream companies
EnCap Flatrock Midstream said it has closed its fourth investment fund, collecting $3.25 billion to pour into companies that transport and store oil and gas. The San Antonio private equity firm, which has offices.......
WaterBridge Acquires Arkoma Produced Water Gathering, Disposal Company
WaterBridge Resources LLC acquired Arkoma Water Resources LLC from USG Surface Facilities I LLC through its affiliate WaterBridge Resources II LLC for an undisclosed amount, the Houston company said Oct. 10.
Norway’s Massive Wealth Fund Hits $1 Trillion in Value
Norway’s sovereign wealth fund, the world’s largest of its kind, has hit a milestone value of $1 trillion, beating all expectations since its creation over 20 years ago.The fund, which reached its record value early....
Alberta economy rebounding
It’s not just the weather. Canada’s economy is also hot, beating experts’ predictions through the first half of the year. There’s also good news here in Alberta, where new jobs are being created after two years of...
Three small-cap oil and gas picks from Mackie Research
Mackie Research recently released a research report entitled “Under-leveraged, Undervalued Growth Stocks with Momentum in 2017.” The stocks Mackie selected each have market capitalizations of less than $100-million....
Canada Pension Plan Investment Board Commits US$450 Million to the U.S. Mineral Interest and Energy Royalty Sector
Canada Pension Plan Investment Board (CPPIB) announced today that an affiliate of its wholly owned subsidiary, CPPIB Credit Investments Inc. (CPPIB Credit), has committed US$450 million to LongPoint Minerals, LLC.....
Bernhard Capital Partners Closes Inaugural Energy Services Fund
Bernhard Capital Partners Management, LP, an energy services focused private equity firm that seeks to create sustainable value by leveraging its founding partners’ decades of experience acquiring, operating and growing
Two-tier marketplace emerging for western Canadian oil and gas properties
A two-tier marketplace is developing for western Canadian oil and gas properties, with bidders starting to line up to buy crude-producing properties — although companies marketing natural gas wells are finding few....
How do Secretary Yellen, the Fed, and the Dollar Affect Oil Prices?
On Wednesday May 18, 2016, the Federal Reserve released the minutes from its April meeting, sending vibrations throughout the markets. The message from the Fed to the market was simple: stay on your toes because the Fed
Banks Pledge $7 Billion to Scale Up Clean Energy Investment
A group of eight banks and investors pledged $7 billion to join Bank of America Corp’s initiative that plans to raise at least $10 billion for investments in clean energy and sustainable development.
A report card on reserves at Canadian oil and gas producers
Globe editors have posted this research report with permission of Dundee Capital Markets. This should not be construed as an endorsement of the report’s recommendations. For more on The Globe’s disclaimers please read...
Why So Many E&Ps (And Now Oil Service Firms Too) Are Raising Billions On Wall Street
2016 has seen a flood of new oil industry equity issues - approaching $10bn in total - as increasingly strained O&G companies try to gain some financial flexibility. The run on Wall Street funding is a signal that...
Three Key Factors In Deciding Whether To Invest In An Energy Company
We are now one and a half years into what is no doubt a full-fledged commodity crisis and it is looking likely that this will be one of those dreaded lower-for-longer periods. The global commodity complex was vastly over
Warren Buffett Continues Massive Energy Insider Buying: Phillips 66, Summit Midstream
Finally after what seems to have been the longest January in recorded investing history, maybe investors are starting to see a light at the end of the tunnel, and it isn’t a train full of sellers ready to run them over.
 
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