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 located in the Bakken/Three Forks play in North Dakota.
The assets are located in 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.
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.
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.
Tourmaline Oil Corp. will acquire Mapan Energy Ltd. for CA$105.98 million. There are 216,916 gross acres of land with 19.2 million barrels of oil equivalent of proved plus probable reserves.
|Mid||USD 257.5||Members only||Energy XXI Ltd.|
|E&P||USD 18.4||Members only||New Standard Energy Ltd.|
|Mid||USD 837.5||Members only||Bridger Logistics LLC|
|E&P||USD 0||Members only||Gale Force Petroleum|