Released July 16, 2019 | SUGAR LAND
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News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.
CORPORATE
Callon Petroleum Acquires Carrizo Oil in $1.2 Billion Deal - Callon Petroleum (NYSE:CPE) said Monday it will acquire Carrizo Oil & Gas (NASDAQ:CRZO) at a price tag of more than $1.2 billion. The deal is a merger of near-equals focused exclusively on Texas shale oil and gas in the booming Permian Basin and the Eagle Ford shale. The all-stock deal will leave Callon stockholders with a 54% stake and Carrizo investors with 46%. (Houston Chronicle)
PRODUCTION
No Impact to Australia's Oil, Gas Operations After Earthquake - Oil and gas operations onshore and offshore Western Australia were unaffected by a magnitude-6.6 earthquake that struck off the northern coast of the state on Sunday, the country's offshore petroleum safety regulator and companies said. (Reuters)
CRUDE OIL
Iraq's Southern Oil Exports Reach 3.4 Million Barrels per Day So Far in July - Iraq's oil exports from its southern ports have reached 3.42 million barrels per day (bpd) so far in July, two oil officials told Reuters on Monday. Exports from its southern Basra terminals fell to 3.39 million barrels per day (BBL/d) in June from 3.441 million BBL/d in the previous month. (Reuters)
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About IIR Energy
Energy asset information on power plants, oil refineries and natural gas infrastructure is now more important than ever. A unit of Industrial Info Resources, IIR Energy provides infrastructure information on these assets, as well as real-time tracking of planned and unplanned interruptions affecting the trading, logistics and marketing communities. We are the number one source for information about electricity outages, refinery turnarounds and midstream natural gas disruptions.
About Industrial Info
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, eight offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.
CORPORATE
Callon Petroleum Acquires Carrizo Oil in $1.2 Billion Deal - Callon Petroleum (NYSE:CPE) said Monday it will acquire Carrizo Oil & Gas (NASDAQ:CRZO) at a price tag of more than $1.2 billion. The deal is a merger of near-equals focused exclusively on Texas shale oil and gas in the booming Permian Basin and the Eagle Ford shale. The all-stock deal will leave Callon stockholders with a 54% stake and Carrizo investors with 46%. (Houston Chronicle)
PRODUCTION
No Impact to Australia's Oil, Gas Operations After Earthquake - Oil and gas operations onshore and offshore Western Australia were unaffected by a magnitude-6.6 earthquake that struck off the northern coast of the state on Sunday, the country's offshore petroleum safety regulator and companies said. (Reuters)
CRUDE OIL
Iraq's Southern Oil Exports Reach 3.4 Million Barrels per Day So Far in July - Iraq's oil exports from its southern ports have reached 3.42 million barrels per day (bpd) so far in July, two oil officials told Reuters on Monday. Exports from its southern Basra terminals fell to 3.39 million barrels per day (BBL/d) in June from 3.441 million BBL/d in the previous month. (Reuters)
About IIR Energy
Energy asset information on power plants, oil refineries and natural gas infrastructure is now more important than ever. A unit of Industrial Info Resources, IIR Energy provides infrastructure information on these assets, as well as real-time tracking of planned and unplanned interruptions affecting the trading, logistics and marketing communities. We are the number one source for information about electricity outages, refinery turnarounds and midstream natural gas disruptions.
About Industrial Info
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, eight offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.
