Another huge deal, link here:
International Flavors and Fragrances has reached a $26.2 billion agreement to buy DuPont’s nutrition unit. The latest deal in the fast-growing food ingredients business is the biggest ever for the New York-based company. IFF has fought off competition from Irish dairy producer Kerry Group in order to win this deal.Disclaimer: this is not an investment site. Do not make any investment, financial, career, travel, job, or relationship decisions based on what you read here or think you may have read here.
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Back to the Bakken
Active rigs:
$60.11 | 12/16/2019 | 12/16/2018 | 12/16/2017 | 12/16/2016 | 12/16/2015 |
---|---|---|---|---|---|
Active Rigs | 53 | 67 | 53 | 40 | 64 |
Nine wells coming off the confidential list --
Monday, December 16, 2019: 46 for the month; 251 for the quarter:
- 35336, conf, Hess, EN-Ruland A-LE-155-94-1201H-1, Manitou, no production data,
Sunday, December 15, 2019: 45 for the month; 250 for the quarter:
- 35335, conf, Hess, EN-Ruland A-155-94-1201H-4, Manitou, no production data,
- 34096, conf,Resource Energy Can-Am, Trooper 0409-3TFH, Blooming Prairie, some production;
- 35334, conf, Hess, EN-Ruland A-155-94-1201H-5, Manitou, no production data,
- 35118, conf, Oasis, Kellogg Federal 5297 11-30 2BX, Banks, producing, but not particularly remarkable for a Banks well;
- 34843, conf, Enerplus, Boreas 149-93-33C-28H, Mandaree, a nice well;
- 34842, conf, Enerplus, Metis 149-93-33C-28H-TF, Mandaree, a nice well;
- 34841, conf, Enerplus, Athena 149-93-33C-28H-TF, Mandaree, a nice well;
- 34840, conf, Enerplus, Zeus 149-93-33D-28H, Mandaree, a nice well;
Private equity is playing a critically important role in the build-out of crude oil gathering systems in the Denver-Julesburg (D-J) Basin, where rising production volumes — and the expectation of further growth, especially in and around Weld County, CO — are spurring a number of major projects.
For proof, you need look no further than ARB Midstream, which, with backing from Ball Ventures’ BV Natural Resources, has developed the largest privately held crude transportation and storage network in the D-J through a combination of acquisitions and new construction. Producers have dedicated a quarter of a million acres to it. Today, we continue a series on crude-related infrastructure in the D-J with a look at ARB Midstream’s fast-expanding asset base there.
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