A 37% drop in spend across the sector will be needed relative to 2014 to maintain current debt levels if Brent remains at $60 per barrel in 2015, according to Wood Mackenzie’s latest outlook.
The New York State Department of Health has completed its public health review of high-volume hydraulic fracturing and Acting DOH Commissioner Dr. Howard Zucker recommended that high-volume hydraulic fracturing should not move forward in New York state.
Sabine Oil & Gas LLC and Forest Oil Corp. have closed their all-stock business combination on a revised basis. The combined entity intends to change its name to Sabine Oil & Gas Corp., and will be headquartered in Houston, Texas.
Par Petroleum Corp. has appointed Joseph Israel to be its new president and CEO, effective Jan. 5, 2015. Israel is the former senior vice president of Hunt Refining Co., and was COO of Alon USA Energy.
Energy Spectrum Capital has closed Energy Spectrum Partners VII LP, with total capital commitments of $1.225 billion. Energy Spectrum Partners VII focuses its investment activities primarily on midstream assets within the energy industry.
Sheridan Production Partners has raised $1.5 billion in equity commitments through its third fund, Sheridan Production Partners III, to acquire onshore US producing oil and gas properties. Including the latest offering,
Enterprise Products Partners LP has elected Craig W. Murray as group senior vice president and general counsel. Additionally, the company has appointed Harry Paul “Hap” Weitzel as senior vice president and deputy general counsel, and Vijay A. D’Cruz as vice president of litigation. Each of...
EOG Resources Inc. reports that Mark G. Papa has stepped down from the company’s board of directors for personal reasons, effective Dec. 15.
Apache Corp. has appointed Peter A. Ragauss to its board of directors.
FMC Technologies Inc. has received an order from Star Deep Water Petroleum Ltd. (a Chevron company), operator of the Agbami field, to provide subsea equipment for operations in the Agbami field, offshore Nigeria.