Walker: "This acquisition…provides EVEP with additional long-life base production and development drilling opportunities in an area where we have a sizeable asset position and substantial experience.”

The package includes a 3.375% interest in approximately 5,300 net acres in Bradford, Columbia, Lycoming, Sullivan, Susquehanna and Wyoming counties, Pennsylvania.

Chesapeake plans to spend some $195 million developing the Highway 706 prospect in Susquehanna County, Pennsylvania.

Interests involve Terryville Field in Louisiana, WEHLU Field in Oklahoma

Chevron takes St. Malo, Petrobras takes Cascade—Jack remains in play.

Statoil to farm into 25% working interest offshore Alaska; ConocoPhillips to take 25% to 50% in 21 Statoil Gulf leases.

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Premium Content
Using The JV To HBP

How Three E&Ps Gained Momentum In A Capital-Constrained Marketplace

McMahon: BHP’s E&P Unit, Maersk, Wintershall Good Candidates For Acquisition

Bernstein Research analyst Neil McMahon questions whether recent E&P joint-ventures and acquisition targets by integrated oil and gas producers might not have less upside for the buyers than the E&P targets.

"Atmospheric" Marcellus Acreage Prices

Pritchard's Deacon sees Marcellus values trending strongly upward across all regions of the large play.

XTO's End Game

As ExxonMobil validates the future of gas with the pending XTO mega-merger, can other shaley E&Ps expect super suitors to come knocking?

Oil Sellers Get Their Price

Oil is the asset of choice, and sellers are getting their price.

Shale Transactions To Rule 2010: Aydin
Is ExxonMobil's takeover of XTO the first of several corporate deals involving major shale players and international majors?
Ranking Unconventional Resource Values

Public trading metrics influence A&D markets and the prices buyers must pay to seal a deal, says Ward Polzin of Tudor Pickering Holt & Co.

Metrics Disparity

Despite capital market recovery and strong oil pricing, experts don't expect A&D activity to improve dramatically until gas prices catch up with oil.

The company’s decision to sell portions of its asset base to generate $12.5B in capital and create drilling carries is a side business that is "working quite well."

M&A In Flux

Researchers at Deloitte see the volatility that has depressed M&A markets washing out the revival of normalcy in upstream deal making anytime soon.

Going Oil

Three of the largest M&A deals of the past couple of months have been for oil-weighted producers.

Asia-Pacific M&A Will Increase

Cross-border M&A activity by Asia-Pacific corporations will increase during the next few years, notably in the energy and commodities sectors, according to a new report by Fitch Ratings.

Regional Spotlight: Permian Basin

The Permian has been one of the most prolific petroleum regions in North America.

Global Oil And Gas M&A Increased In 3Q 2009
PLS Inc.’s and Derrick Petroleum Services’ October M&A report shows global M&A activity for 3Q 2009 totaled nearly $21B in 112 separate transactions.
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