East Daley Capital’s analysis of second quarter oil and gas data shows that the midstream sector is generally performing well. However, companies with exposure to the Permian Basin are exceeding expectations, a trend EDC expects to continue. …read more
The energy sector – and oil field services in particular – is changing and reacting to news every day. Check here often as we post the latest news and insight of importance to the industry.
Through a $5 million capital infusion, Norwegian private equity firm Norse Partners and the founders of Commander oilfield services will grow again. Tiger Capital Group, based in Houston, is providing money to acquire more equipment. …read more
After more than a year of court-ordered study, the U.S. Army Corps of Engineers stood by its 2016 environmental assessment which found no significant impact from the Dakota Access Pipeline, according to court documents filed Friday. …read more
Genesis Energy of Houston is selling its Powder River Basin midstream assets in Wyoming for $300 million to an affiliate of Sliver Creek Midstream, located in Irving, Texas. The assets include a pipeline, crude gathering system and rail facility. …read more
California-based Parsons Corp. has been selected by the Appalachia Development Group in West Virginia as its engineering partner on the proposed $3.4 billion Appalachia Storage and Trading Hub, a regional facility for natural gas liquids. …read more