Gastar Closes Oklahoma Assets Sale

Gastar received $46.1 million in net proceeds from the sale to an undisclosed private third party. There are about 29,300 gross acres in Kingfisher County, Okla. 

Tue, 07/07/2015 - 10:46

Crescent Point Will Acquire Coral Hill

There are more than 500 net sections of land, mostly undeveloped, with total productive capacity of 3,200 barrels of oil equivalent per day, including some production currently offline.

Tue, 07/07/2015 - 09:16

VTTI Acquires Additional Interest In Subsidiary

A loan from VTTI BV financed the deal. VTTI indirectly owns a total economic interest of 42.6% and a 51.0% indirect voting interest in VTTI Operating.

Thu, 07/02/2015 - 15:02

Ring Closes $75 Million Delaware Basin Acquisition

There are 14,645 gross (14,322 net) acres currently producing about 1,300 barrels of oil equivalent per day.  Ring will be the operator and have a 98% working interest. 

Thu, 07/02/2015 - 14:33

North Plains Selling Interest In Bakken, Three Forks Assets

North Plains Energy II LLC and its joint venture partner are offering for sale working interest assets in the Bakken/Three Forks play in North Dakota.

The assets are Williams and Divide counties, N.D. Raymond James has been retained as exclusive transaction adviser for Denver-based North Plains. First-quarter production was about 900 net barrels of oil equivalent per day (boe/d).

Darren Barbee
Thu, 07/02/2015 - 14:30

Shell Midstream Closes Poseidon Interest Acquisition

The proprietary 367-mile offshore pipeline can transport 350,000 barrels per day of crude oil to Texas and Louisiana markets. South Marsh Island strategic platform 205 is under ownership.

Thu, 07/02/2015 - 13:55

Hess Closes Sale, Establishes $5.35B Bakken Midstream JV

Midstream assets included in the joint venture include a natural gas processing plant in Tioga, N.D. Hess Infrastructure will make an IPO of Hess Midstream Partners LP common units.

Thu, 07/02/2015 - 11:46

Black Gold Resources Acquires Austin Chalk JV Stake

The 13-well EOR project is in Caldwell County, Texas, and 12 of the wells are proved productive vertical oil wells. Of this group, two will become water injection wells.

Thu, 07/02/2015 - 11:28

Alpha Natural Resources Subsidiary Consolidates Marcellus JV Ownership

Pennsylvania Services Corp. will be sole owner and operator of joint venture that supports a concentrated gas resource in Greene County, Pa., in “core of the core” of the Marcellus.

Thu, 07/02/2015 - 10:23

Aethon, RedBird Acquire SM Energy's Ark-La-Tex Assets

The deal, worth about $54 million, was the second transaction of SM's divestiture in the Ark-LA-Tex area of East Texas and northern Louisiana.

Thu, 07/02/2015 - 09:58

Norwegian Tycoon Fredriksen Will Merge Tanker Companies

Frontline 2012 was spun off from Frontline three years ago and has since divested its dry-bulk and gas fleet to focus on crude oil and product tankers, Reuters said.

Thu, 07/02/2015 - 09:56

Comstock Unloads Eagle Ford Shale Properties

Comstock, based in Frisco, Texas, intends to use proceeds to fund its 2015 drilling program and to enhance the company's liquidity as well as for other corporate purposes.

Wed, 07/01/2015 - 13:59

Exmar Deal Creates $2 Billion LNG Company

Exmar will transfer its assets to Flex LNG in return for 323.7 million new shares in the company, giving it a 64.6% stake, London-based Flex LNG said in a statement July 1. 

Wed, 07/01/2015 - 09:16

Lucas Transfers Property To Victory Through Settlement Agreement

In Karnes County, two wellbores, Boggs Unit No. 1H and the Boggs Unit No. 2H will go to Earthstone Energy/Oak Valley Resources. Lucas sold 139.04 net acres for about $350,000.

Wed, 07/01/2015 - 09:16

Energy XXI Completes Sale Of East Bay Field

The East Bay Field produced about 2,050 barrels of oil per day (bbl/d) net on average for fiscal 2015, with net reserves associated with the East Bay Field estimated at about 9.4 million barrels of oil equivalent (boe), 94% liquids, as of June 30, a news release said.

Wed, 07/01/2015 - 08:51