Acquisitions & Divestitures

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Rosneft: Sinopec May Buy Stake In Two Fields

The option is part of an agreement on cooperation within the proposed joint development of the two oil fields that was signed in Beijing, Rosneft said in a statement.

Thu, 09/03/2015 - 08:51
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Aggreko Acquires ICS Group’s Equipment Rental Business

Aggreko, which provides modular, mobile power and related solutions to the oil and gas industry, will gain more than 60 experienced and skilled employees and more than 2,100 fleet assets.

Wed, 09/02/2015 - 16:08
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Alabama, Texas Panhandle Assets On The Market

Two oil and gas companies have put assets in Alabama and Texas on the market, according to EnergyNet, which has been retained to handle the transactions.

Resource Strategies LLC is offering nonoperated interest in wells in Escambia County, Ala. The assets are operated by a subsidiary of Vanguard Natural Resources LLC (VNR). The offer includes a gas plant.

In the Texas Panhandle, Fairway 2003-1 LLP is divesting operated working interest in the Anadarko Basin.

For complete due diligence information visit energynet.com.

Darren Barbee
Wed, 09/02/2015 - 15:52
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EOG Offers Multi-Basin Leasehold Across Wyoming, Utah, Colorado

EOG Resources Inc. (EOG) is selling multi-basin leasehold across Wyoming, Utah and Colorado.

The positions cover 129,673 net acres across the three states. The acreage is 31% HBP, with the majority of the remaining acreage expiring 2017 or later. The offer includes 80% net revenue interest.

Meagher Energy Advisors has been retained by the Houston-based company to handle the transaction.

Offers will be considered for all or portions of the acreage.

Darren Barbee
Wed, 09/02/2015 - 13:37
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Enbridge Income Fund Closes Canadian Liquids Pipelines Business Acquisition

Enbridge Pipelines Inc. and Enbridge Pipelines Athabasca Inc. comprised the business. An indirect subsidiary of the fund acquired the business for CA$30.4 billion and incentive/performance rights. 

Erin Pedigo
Wed, 09/02/2015 - 11:05
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Navitas Midstream Acquires Midland Basin Gathering, Processing Assets

About 1,000 miles of low- and high-pressure natural gas gathering pipelines and a cryogenic processing plant will serve Martin, Midland and Glasscock counties, Texas. Private-equity firm Warburg Pincus financed transaction.

Erin Pedigo
Wed, 09/02/2015 - 09:19
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WPX Closes Sale Of Powder River Coalbed Methane Assets

WPX also plans to sell another $400 million $500 million in asset throughout 2016. Additional sales of midstream infrastructure, nonoperated properties or other assets are possible.

Wed, 09/02/2015 - 09:06
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Alberta's Vertex Acquires Fluid Management, Logistics Companies

The deal will enhance Vertex's already well established emergency spill response, drilling waste, and remediation services.

Emily Moser
Wed, 09/02/2015 - 08:25
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Linn Closes Sale Of Remaining Permian Wolfcamp Acreage

Properties in Howard County, Texas, cover about 6,400 net acres prospective for horizontal Wolfcamp drilling. About 2 thousand barrels of oil equivalent per day are produced from 133 gross wells.  

Tue, 09/01/2015 - 16:34
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Cenovus Closes Canexus NATO Acquisition

Canexus Corp.’s North American Terminal Operations crude-by-rail transloading facility has connections to Cold Lake and Access crude oil pipeline systems, and links to Canadian Pacific and Canadian National rail lines. 

Erin Pedigo
Tue, 09/01/2015 - 14:20
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Penn Virginia Wraps Up East Texas Asset Sale

The Radnor, Pa.-based company said in a July 15 SEC document it planned to assess its financing and liquidity requirements as 2015 progresses.

Emily Moser
Tue, 09/01/2015 - 08:38
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Common Resources Looking To Sell Operated Woodford Silt Assets

Common Resources III LLC is selling certain operated assets in the Woodford Silt in West Texas.

The assets are located in the Circuit Rider Project in Terry and Gaines counties, Texas.

The Oil & Gas Asset Clearinghouse has been retained by The Woodlands, Texas-based company to be its  exclusive technical, marketing and transaction adviser for the sale.

Emily Moser
Mon, 08/31/2015 - 11:47

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