Two Eagle Ford Shale operators – Sabine Oil & Gas LLC and Forest Oil Corporation – are merging. The companies announced the all-stock transaction today, with the merged company to be called Sabine Oil & Gas Corp. Sabine and Forest both operate in East Texas, where they will now have a 207,000-net acre position. The companies […]
From the Associated Press: Swift Energy Co. and PT Saka Energi Indonesia have agreed to develop about 8,300 acres of Fasken field Eagle Ford Shale properties in South Texas. The companies on Tuesday announced the $175 million deal, expected to close in late June, involving their subsidiaries and Swift Energy properties in Webb County. Saka […]
Samatha Joye and her team of researchers came back from a nearly month-long excursion to the Gulf of Mexico with a surprising discovery: Aquatic life appears to be flourishing again at the bottom of the ocean near the site of the massive 2010 oil spill.
Hofmeister says “a clash of civilizations” and petty squabbles reaching back to the early 1970s have stunted the nation’s energy industry at the expense of economic growth, innovation and national progress in the 21st century.
Tommy Beaudreau is set to speak Tuesday during the Offshore Technology Conference about recent policy developments at the Interior Department, where work is underway on requirements for offshore equipment, baseline standards for Arctic exploration and possible seismic research in Atlantic waters.
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