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A $1.35 Billion Loan Will Finance KKR's Purchase Of Pemex Assets

Under the agreement, Pemex sells 11 pipelines, one set of subsea cables, two non-drilling platforms and one gas compression facility to KKR while still operating and maintaining them, Reuters said.

Erin Pedigo
Fri, 02/12/2016 - 15:13
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Marketed: Chevron Anadarko Basin Operations, Kansas

Chevron Corp. (NYSE: CVX) is offering its interest in Anadarko Basin operations in an upcoming auction.

The package includes operated and nonoperated producing working interests in the Hugoton Field. The assets are located in Haskell, Morton, Seward and Stevens counties, Kan.

EnergyNet has been retained by the San Ramon, Calif.-based company to handle the sale.

Emily Moser
Fri, 02/12/2016 - 09:55
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Yuma To Combine With Privately-Held Davis Petroleum

Davis, based in Houston, is focused on acquisition, exploration and development of domestic oil and gas properties with average production of 1,533 boe/d in fourth-quarter 2015.

Emily Moser
Fri, 02/12/2016 - 07:58
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Hart Energy's 2016 DUG Rockies Conference Will Feature Technology Showcase

Leading companies like Halliburton, Schlumberger, Weatherford, Pioneer Energy and Baker Hughes will present case studies and live demonstrations throughout the exhibition. DUG Rockies is set for March 9-11 at Denver’s Colorado Convention Center.

Erin Pedigo
Thu, 02/11/2016 - 15:11
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IHS Closes Acquisition Of OPIS

OPIS, the most complete source for U.S. refined petroleum pricing data, news and analytics for the downstream market, will remain based in Gaithersburg, Md.

Erin Pedigo
Thu, 02/11/2016 - 11:17
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MRC Global To Sell OCTG Business For $48 Million

The Houston company has entered into an agreement to sell its U.S. oil country tubular goods (OCTG) business to Sooner Pipe LLC, a subsidiary of Marubeni-Itochu Tubulars America Inc.

Emily Moser
Thu, 02/11/2016 - 08:03
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Exor To Buy Welltec Stake For $116 Million

Exor said low valuations in the oil and gas sector presented opportunities for companies such as Welltec, which provides robotics for the cleaning, maintenance and repair of oil wells.

Emily Moser
Thu, 02/11/2016 - 07:53
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NGP Backs Black Mountain With $150 Million In Equity

Black Mountain currently focuses on the Delaware Basin, but also works in other producing regions. NGP's Natural Resources XI LP natural resources-focused private-equity fund provided the commitment. 

Erin Pedigo
Wed, 02/10/2016 - 15:52
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Golar LNG Partners Will Acquire Ownership Interests Of Tundra Corp.

Revolving credit facility borrowings will fund the remaining $70 million cash purchase price for the Golar Tundra. About $380 million of debts will then mature in 2021 instead of from 2018.

Erin Pedigo
Wed, 02/10/2016 - 15:40
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Devon Hires Jefferies As Banker In Sale Of Noncore Assets

"We are moving ahead with the divestiture program and have already received numerous indications of interest," Howard Thill, Devon's senior vice president for communications and investor relations told Reuters.

Erin Pedigo
Wed, 02/10/2016 - 10:43
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Marketed: Arsenal Energy’s Producing Properties, Williston Basin

Arsenal Energy Inc. is offering producing properties in the Williston Basin in North Dakota.

Meagher Energy Advisors has been retained by the company's U.S. subsidiary, Arsenal Energy USA Inc., to handle the transaction.

The properties include 59 operated and 55 nonoperated wells. The majority of production comes from the Bakken/Three Forks formations in the Stanley and Lindahl fields.

The Stanley Field consists of 4,212 net acres, 100% HBP, in Mountrail County, N.D. Lindahl consists of 1,588 net acres, also HBP, in the northeast corner of Williams County, N.D.

Most of the company's other acreage is in Burke County, N.D.

Emily Moser
Wed, 02/10/2016 - 08:13
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Nobel Upstream Buys Shell's Stake In Maclure North Sea Field

The field, operated by Denmark's Maersk Oil, is located in the British part of the North Sea and produces 8,000 barrels of oil equivalent per day, the company said.

Emily Moser
Wed, 02/10/2016 - 06:30
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Australia's AGL Energy Posts Loss From Gas Business Write-off

Loss for six months ended Dec. 31 compared with AU$308 million profit a year ago. Underlying earnings rose 24.2% to AU$375 million, broadly in line with analyst expectations, Reuters said.

Erin Pedigo
Tue, 02/09/2016 - 16:40
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Petrogas Will Acquire PA Resources’ North Sea Assets

Sale includes company’s 24% interest in license 12/06 in Denmark, which holds the Broder Tuck and Lille John discoveries, and its exploration licenses in the U.K., Germany and the Netherlands.

Erin Pedigo
Tue, 02/09/2016 - 14:13
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Canadian Companies Sell Assets While Continuing Oil Sands Projects

Husky Energy Inc., MEG Energy Corp. and others are selling assets or slowing light and conventional oil E&P, even while continuing with oil sands projects that are losing money, Reuters said.

Erin Pedigo
Tue, 02/09/2016 - 12:27

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