Citadel Exploration signed an agreement with private-equity investor Cibolo Creek for future acquisitions and development of California oil and gas assets. CEO Phil McPherson has worked with Cibolo’s principals.
Wentworth will be sold to Pentagon Energy LLC. The CNG will be exported to Latin America. Two Morgan Stanley managers involved with Wentworth will become Pentagon principals, sources told Reuters.
Houston-based Harvest has tried twice to sell its Venezuelan assets. The company holds a 20% stake in Petrodelta, a joint venture with state-owned Petroleos de Venezuela SA, Reuters said.
The shares were priced at AU$35 each, and proceeds will be $135,000,035. San Ramon, Calif.-based Chevron will receive the cash proceeds upon settlement on April 2.
Breitburn Energy Partners LP will sell $350 million perpetual convertible preferred units and $650 million senior secured notes to investment funds managed by EIG Global Energy Partners, and other purchasers.
In February, Schlumberger said it planned buying a 45.65% stake in Eurasia for about $1.7 billion, potentially becoming sole owner of Russia's most active oilfield services company, Reuters said.
Special meetings determined the shareholders’ votes. The merger of Halliburton and Baker Hughes is scheduled to close in the second half of 2015, subject to regulatory approvals.
Chevron Global Energy Inc. will sell its stake in refiner Caltex Australia Ltd., Business Wire said. Bloomberg said this marks Chevron’s exit from shale gas in Beach Energy’s Nappamerri Trough.
Bank of Nova Scotia will advise ConocoPhillips’ sale of about 20% of non-oil sands properties in Western Canada, Bloomberg said. About 35,000 barrels of oil equivalent per day is produced.
Chemical injection systems seller Galenfeha acquired chemical injection pump systems maker Daylight Pumps. The North American chemical injection market share is about $1 billion annually.
Richard Thompson, president and CEO, said the acquisition covers a 25-mile, multizone light oil fairway. About 330 barrels of oil equivalent per day are produced.
PLS is marketing the trustee-ordered sale of nonoperated assets La Salle Parish, La. The property is on 40 acres with one well operated by Sanchez Oil & Gas Corp.
Blue Tip Energy Management LLC is selling Uinta Basin producing properties in Carbon, Utah and Duchesne counties, Utah.
The Eagle Ford acreage contains eight wells currently producing 40,000 barrels of oil and 13 million cubic feet of gas per month. There are also additional proven undeveloped opportunities.
|E&P||USD 42||Members only||Resolute Energy Corp.|
|S&S||USD 688||Members only||Nabors Industries Ltd.|
|Mid||USD 171||Members only||Devon Energy Corp.|
|E&P||USD 3600||Members only||Chevron Corp.|