WPX received more than $200 million for natural gas purchase and sales agreements, and was released from future demand payments for firm transportation capacity on Transco’s Northeast Supply Link project.
Final dropdown of Devon’s legacy assets, given in 2014, was made for about $900 million of newly issued ENLK units. Assets include North Texas and Oklahoma gathering and processing systems.
The companies will jointly fund an enhancement of the 13-11-62-27W5M Simonette facility. A shallow cut refrigeration system and sales connection to TransCanada Corp.'s NGTL pipeline system will be added.
International Western Petroleum also secured projects in the Bend Arch/ Fort Worth Basin region in Texas. This 120-mile long and 40-mile wide region runs from Archer County to Brown County.
Hodges operates and owns about 200 haul trucks, 400 trailers, 70 bed/pole trucks, 35 cranes, 40 forklifts/loaders and 160 service vehicles. The transaction is scheduled to close June 15.
Riley Exploration Group LLC acquired a 90% equity interest in Cinco Resources Inc. The acquisition will provide high-quality growth opportunities in the Texas Gulf Coast, Permian Basin and Arkoma Basin.
The sale is scheduled to close May 28. Net proceeds will be about $40.8 million. The total sales price is based on a specified dollar amount per net leasehold acre.
The Oil & Gas Asset Clearinghouse said May 21 that it had sold the vast majority of 66 lots offered. So far sales have rung up roughly $24 million.
The Pine Mills property is in Wood County, Texas. The transaction is scheduled to close in June. Gale Force had a 99% working interest in the property.
The acreage is in parts of Township 1 South, Range 67 West in Adams County, Colo. Acquisition was made through strategic land and leasing services agreement with Kingdom Resources LLC.
The Permian Basin is prime for M&A interest. There could be consolidation in the Eagle Ford as producers try to drive efficiencies and lower costs, a Citigroup executive told Bloomberg.
Pavilion Energy Corp. has prospective acreage in identified drilling locations in the Paradise/Rigel area of British Columbia and the Darwin area of Alberta. Proposals will be accepted until June 11.
|E&P||USD 614||Members only||Eagle Rock Energy Partners LP|
|E&P||USD 35.5||Members only||Atlas Energy Group LLC|
|E&P||USD 40.8||Members only||Magnum Hunter Resources Corp.|
|S&S||USD 2800||Members only||Wood Mackenzie|