Acquisitions & Divestitures


Kelt, Artek Complete Acquisition Plan

Most acreage in Kelt’s Inga-Fireweed-Stoddart, British Columbia, core area was consolidated. A majority greater than 99.9% of Artek shareholders approved arrangement. Court of Queen’s Bench of Alberta also approved it.

Mon, 04/20/2015 - 17:19

Legacy Oil + Gas Shareholder Calls For New CEO, Possible Sale

Legacy Oil + Gas Inc. operates in Canadian portion of Williston Basin, and conventionally elsewhere in Canada. FrontFour Capital wants new CEO and company’s breakup or sale, Bloomberg said.

Mon, 04/20/2015 - 14:51

Encana Might Market Haynesville Acreage

Encana is unloading gas assets to concentrate on oil and liquids drilling, Bloomberg said. Citigroup is soliciting offers for Encana’s Haynesville Shale acreage, said people with knowledge of the matter. 

Mon, 04/20/2015 - 14:41

Chevron Offers Interests In Permian, Wolfcamp Assets

EnergyNet has been retained to handle the transactions, which will be sold through sealed bid offerings.

Darren Barbee
Mon, 04/20/2015 - 09:39

Rex Energy Gives Asset Strategy Update

Rex Energy Corp. (NYSE: REXX) will pursue the previously announced monetization of its 60% ownership interest in Keystone Clearwater Solutions, the company’s water service subsidiary.

Mon, 04/20/2015 - 09:28

Exterran Partners Acquires Compression Assets from Exterran Holdings

Exterran Holdings Inc. (NYSE: EXH) and Exterran Partners LP (NYSE: EXLP) announced April 20 that Exterran Partners acquired assets from Exterran Holdings for consideration valued at $102.3 million.

Mon, 04/20/2015 - 08:53

Report: Upstream M&A Values Decreased From February To March

London-based GlobalData’s latest monthly upstream deals report said oil and gas companies spent most of their capital on acquiring Americas-based companies, announcing a total of $703.7 million in March.

Fri, 04/17/2015 - 15:30

Statoil CEO: More Deals Likely To Follow Shell-BG

Eldar Saetre didn’t comment on Statoil’s deals strategy, but speculated more deals will follow Shell’s purchase of BG, Bloomberg said. Sellers’ high valuation expectations are problematic, he said.

Fri, 04/17/2015 - 13:43

Bonterra Energy Corp. Closes Pembina Cardium Acquisition

There are 136 net potential low-risk, high-quality horizontal drilling locations. Only 12 have been assigned reserves in the current reserve report. Some land is under waterflood for pressure maintenance.

Fri, 04/17/2015 - 10:41

Reorganization Of Pinecrest Energy Is Complete

About 90% of oil and gas assets owned and operated by Pinecrest went to Virginia Hills, and all of Pinecrest’s outstanding shares and certain assets went to Cardinal, for CA$23.5 million.

Fri, 04/17/2015 - 09:29

WillisChild Markets Anadarko Basin Interests In Texas, Oklahoma

EnergyNet has been retained to handle the transactions for WillisChild of Snyder, Okla.

Darren Barbee
Fri, 04/17/2015 - 08:51

Penn Products Terminals Acquires Pyramid LLC

Dan Revers, managing partner and co-founder of ArcLight, said the firm has a long track record of investing in refined products storage and pipeline infrastructure.

Thu, 04/16/2015 - 09:30