The sale of the the 54,000-barrel-a-day Kapolei complex is part of a larger plan to divest $10 billion worth of assets.
It is considered a noncore asset for The Woodlands, Texas company.
Houston's W&T Offshore now holds a 100% working interest in both assets.
Talisman said in July it had been approached about “various transactions” by Repsol.
The management team previously partnered with Riverstone Holdings LLC to build a substantial position in the play.
The acquisition includes 143,250 horsepower of hydraulic fracturing equipment, which was manufactured in 2011 and 2012.
The deal consists of roughly 10,264 net acres primarily in Brazos and Burleson counties.
EnergyNet has been retained to handle the sales.
As of Sept. 18, the company had a market cap of nearly $30 million.
PFR operates its rental and fishing tool business from locations in Woodward, Okla., and Pampa and Springtown, Texas.
Calgary's Enbridge would drop down its 66.7% interest in the U.S. segment of the Alberta Clipper Pipeline to Houston-based EEP.
The Oil & Gas Asset Clearinghouse is the exclusive technical, marketing and transaction advisor for the sale.
|E&P||USD 525||Members only||Bill Barrett Corp.|
|E&P||USD 232||Members only||Bill Barrett Corp.|
|S&S||USD 7600||Members only||Dresser-Rand Group Inc.|
|E&P||USD 186.5||Members only||EnerVest Ltd.|