Acquisitions & Divestitures

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Tourmaline Oil Will Acquire Mapan Energy For CA$105.98 Million

Tourmaline Oil Corp. will acquire Mapan Energy Ltd. for CA$105.98 million. There are 216,916 gross acres of land with 19.2 million barrels of oil equivalent of proved plus probable reserves. 

Tue, 06/30/2015 - 16:03
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Interests In Core Bakken, Three Forks On The Market

An unidentified Bakken/Three Forks player is offering mineral and royalty interests that include more than 500 producing wells, according to TenOaks Energy Advisors LLC, which has been retained to handle the transaction.

The majority of the interests are located in Williams, McKenzie, Mountrail and Divide counties, N.D. The mineral interests span more than 330 Bakken/Three Forks drilling spacing units.

Tue, 06/30/2015 - 15:31
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Montana Exploration To Acquire Gale Force Petroleum

More than 350 million barrels of oil have been produced from Upper and Lower Shaunavon on the Canadian side, and 20MMbbl have been produced on the U.S. side in Montana.

Mon, 06/29/2015 - 11:06
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Extex’s Operated North Texas Properties For Sale

TenOaks Energy Advisors LLC has been retained as exclusive adviser to assist Houston-based 
Extex with the transaction.

Fri, 06/26/2015 - 13:06
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Ferrellgas Finalizes Close Of Bridger Logistics Acquisition

Ferrellgas Partners LP completed the close of the Bridger Logistics acquisition for about $562.5 million and 11.2 million common units. Purchase and sale agreement was entered on June 1. 

Fri, 06/26/2015 - 10:28
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Total In Talks To Sell Frigg Pipeline To ArcLight

Total SA talks sale of Frigg pipeline network to ArcLight Capital Partners, two people familiar with private matter told Bloomberg. Frigg takes U.K. North Sea gas to St. Fergus, Scotland.

Thu, 06/25/2015 - 13:52
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Canyon Creek Offers South Texas Operated Production

Canyon Creek Resources LLC is selling South Texas operated production with 100% working interest in the Baldwin Field in Nueces County.

Numerous recompletion and development opportunities have been identified in Baldwin Field, according to Meagher Energy Advisors, which has been retained to handle the sale.

Darren Barbee
Thu, 06/25/2015 - 13:01
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Core Lab Acquires Sanchez Technologies

Reservoir services company Core Laboratories NV acquired Sanchez Technologies in an all-cash transaction. Sanchez is based in Viarmes, France. Sanchez designs and manufactures cutting-edge reservoir pressure-volume-temperature equipment and instrumentation.  

Wed, 06/24/2015 - 14:53
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Utah Opens 12 Tracts To Auctioneer’s Gavel

The State of Utah’s School & Institutional Trust Lands Administration (SITLA) is auctioning 12 leasing units covering 8,013.17 net mineral acres located in Emery, San Juan and Sevier counties, Utah.

EnergyNet has been retained to administer the sale.

All leasing units have a 16.66% royalty rate and an opening bid of $2 per acre.

 

Darren Barbee
Wed, 06/24/2015 - 12:00
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Viking Exploration Offers Scoop Area Interests

Viking Exploration LLC plans to divest an 11-well package with nonoperated working interest in Oklahoma’s Scoop area in Stephens County. EnergyNet has been retained to conduct a sealed bid offering.

Tue, 06/23/2015 - 11:04
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Gastar Extends Closing Date For Oklahoma Assets Sale

Closing date for the sale of certain noncore assets in Kingfisher County, Okla. is now July 6.  Buyer made a $6.6 million deposit payment toward the $46.2 million sales price.

Tue, 06/23/2015 - 10:17
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Japan's Itochu Returns Stake To Samson Resources

Itochu Corp. sold back its 25% stake in Samson Resources Corp. to the company for $1 based on company operations and oil prices, Bloomberg said. 

Tue, 06/23/2015 - 08:14

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