Acquisitions & Divestitures


WPX Closes Marcellus Contract Package Sale

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.

Thu, 05/28/2015 - 11:36

EnLink Midstream Partners Closes Final EnLink Midstream Holdings Dropdown

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. 

Thu, 05/28/2015 - 11:07

Cequence Energy, Kanata Enter Gas Compression Agreements

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. 

Wed, 05/27/2015 - 12:11

IWP Acquires Working Interests In Barnett Shale Region

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.

Wed, 05/27/2015 - 09:51

Seventy Seven Energy Will Sell Hodges Trucking Co.

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.

Tue, 05/26/2015 - 12:27

Riley Exploration Group Acquires Cinco Resources

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. 

Tue, 05/26/2015 - 11:33

Magnum Hunter Will Sell Noncore West Virginia Acreage

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. 

Tue, 05/26/2015 - 11:07

Oil & Gas Asset Clearinghouse Auctions Off Most Lots

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.

Darren Barbee
Thu, 05/21/2015 - 14:35

Gale Force Will Sell 80% Of Pine Mills Property

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. 

Thu, 05/21/2015 - 11:14

Petroshare Corp. Closes Wattenberg Acreage Acquisition

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.

Thu, 05/21/2015 - 10:59

Oil M&A Activity Might Rise In 2016

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. 

Wed, 05/20/2015 - 11:55

Pavilion Energy Offers British Columbia, Alberta Acreage

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.

Tue, 05/19/2015 - 12:36