Acquisitions & Divestitures

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Midwest Oil & Gas Acquires Lease On Greenburg Logan Survey In Texas

Midwest Oil & Gas, based in Payson, Ariz., mainly operates in Kansas. The company will begin considering expanding its operations outside of Kansas, throughout the U.S. 

Erin Pedigo
Tue, 05/03/2016 - 09:51
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Husky Sells Western Canadian Royalty Interest To Freehold Royalties

News of the acquisition comes a week after Husky said it was selling a partial interest in a package of Canadian energy midstream assets to two Hong Kong-based firms.

Emily Moser
Tue, 05/03/2016 - 07:41
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Statoil Ups Stake In Lundin Petroleum Through Swap Agreement

The deal boosts Lundin's resources and cash flow at a time when the industry is readjusting to a plunge in crude prices, while Statoil gains more exposure to key parts of the Norwegian continental shelf.

Emily Moser
Tue, 05/03/2016 - 07:37
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Statoil Divests Its Operated Marcellus Assets

The divestment comprises about 62,500 net acres with equity production from the properties of about 9,300 boe/d for first-quarter 2016.

 
Mon, 05/02/2016 - 15:36
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Ritchie's Oilfield Equipment Auction In Alberta Sets New Records

The world's largest industrial equipment auctioneer said on May 2 it set new company records for the number of sellers and registered bidders at its five-day Edmonton, Alberta, auction.

Emily Moser
Mon, 05/02/2016 - 11:38
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Eni Edges Closer Toward $8 Billion Asset Sales Goal

The state-controlled company, which has one of the best success rates in the industry in finding new reserves at one of the lowest cost bases, has tabled disposals of 7 billion euros (US$8.01 billion) to 2019.

Emily Moser
Fri, 04/29/2016 - 15:05
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Neos Enters Deal To Acquire CGG's Multi-Physics Business

The acquisition will transform San Francisco-based Neos into a "world leader" in the detection of natural resources, the release said.

Emily Moser
Fri, 04/29/2016 - 14:55
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Marketed: Chevron Interests, Permian Basin, Marcellus Shale

Chevron Corp. (NYSE: CVX) is offering for sale interests in its Marcellus Shale and Permian Basin assets, according to EnergyNet, which has been retained to handle the transactions.

In the Permian, the San Ramon, Calif.-based company is selling roughly 6,800 net acres, including producing assets, operated and nonoperated interests, in Ector and Andrews counties, Texas.

Chevron is also selling interest in nearly 29,000 net acres in the Marcellus in Pennsylvania, as well as operations, in separate packages.

Emily Moser
Fri, 04/29/2016 - 13:15
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Indigo Minerals Lands Cotton Valley/Haynesville Acreage For $375 Million

The acquisition included certain producing properties and undeveloped acreage in the core of the plays. Pro forma, Indigo Minerals holds about 160,000 net acres in Northwest Louisiana and East Texas.

Emily Moser
Fri, 04/29/2016 - 10:25
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Black Stone To Buy $102 Million Mineral Package From Freeport-McMoRan

The deal bolsters the Houston-based company's presence in the Permian region with about 100 active permits in the Midland and Delaware basins, including the Wolfcamp and Spraberry intervals

Emily Moser
Fri, 04/29/2016 - 10:20
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Murphy Oil To Exit Syncrude JV, Sells Interest To Suncor

Syncrude is a JV operation in the Alberta Sedimentary Basin, which extracts bitumen from oil sands and upgrades it to light synthetic crude oil. Production averaged 15,600 boe/d (net) in the first quarter of 2016.

Emily Moser
Thu, 04/28/2016 - 07:27
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American Midstream Bags Additional Gulf Of Mexico Assets

The Denver company acquired a 66.7% interest in the Okeanos pipeline,  a 100-mile gas gathering system in the GoM, from an affiliate of its general partner for an undisclosed amount.

Emily Moser
Thu, 04/28/2016 - 07:11

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