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.
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.
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.
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.
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).
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.
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.
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.
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.
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.
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.
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.
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.
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.
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