Acquisitions & Divestitures


May Auction Features More Than 1,300 Properties For Sale

Companies are offering 1,385 oil and gas properties in North Dakota, Oklahoma, Texas and several other states in an upcoming auction by The Oil & Gas Asset Clearinghouse.

Darren Barbee
Mon, 04/27/2015 - 13:24

Rockdale Resources Enters LOI For Interest In Slick Unit Dutcher Field

Letter of intent was signed with SUDS Properties LLC to acquire 50% working interest in the Slick Unit Dutcher Sands Field. The field in Creek County, Okla., is 2,600 acres.

Mon, 04/27/2015 - 11:51

Jenex Puts HBP South Texas Property On The Market

The shallow mature oil of the Olmos Sands is a good indicator that deeper Austin Chalk or Eagle Ford potential may exist on the acreage, according to PLS Inc., which has been retained to handle the sale.

Darren Barbee
Fri, 04/24/2015 - 09:41

BP Will Sell North Sea Central Area Transmission System

Central Area Transmission System’s riser platform is next to Everest platform, Block 22/10. Pipeline connects riser platform to Seal Sands, Teesside, gas terminal. CATS transports 8% of UK’s gas demand.

Fri, 04/24/2015 - 09:25

Cenovus Energy Explores Western Canada Land Sale

The royalty lands, which generate revenue from other companies’ drilling, are located across Alberta, Saskatchewan and Manitoba. Deal could raise C$1.6 billion ($1.3 billion), according to an analyst’s estimate.

Fri, 04/24/2015 - 09:01

Scientific Drilling Acquires Marksman Ranging Technologies

Canada-based Marksman serves collision avoidance, wellbore intercept, coalbed methane and other complex drilling markets.  Houston-based Scientific Drilling’s passive ranging solution, MagTraC MWD Ranging, has been used around the world.  

Fri, 04/24/2015 - 08:51

Niska Gas Storage Partners Explores Sale

Niska Gas Storage Partners LLC seeks buyers for a sale, people with knowledge of private matter told Bloomberg. Riverstone Holdings and Carlyle Group Plc back Pennsylvania-based Niska, working in Canada. 

Thu, 04/23/2015 - 12:02

BP Could Sell $2 Billion In US Midstream Infrastructure

People familiar with the matter told Bloomberg that BP Plc seeks buyers for $2 billion of U.S. pipelines and storage terminals. Potential buyers received materials regarding infrastructure across the country.

Wed, 04/22/2015 - 16:31

CGG Acquires Taurus Reservoir Solutions

The geo-consulting business line of Paris-based CGG acquired Calgary, Alberta-based Taurus Reservoir Solutions Ltd. Taurus provides conventional and unconventional reservoir and geomechanical simulation, engineering technology and consulting services.

Wed, 04/22/2015 - 14:58

Midstates Closes Dequincy Assets Sale

Developed and undeveloped acreage in Beauregard and Calcasieu parishes sold for $44 million. About $42 million in net proceeds will pay some outstanding borrowings and support general corporate purposes.

Wed, 04/22/2015 - 14:32

Kelt, Artek Complete Acquisition Plan

Most acreage in Kelt’s Inga-Fireweed-Stoddart, British Columbia, core area was consolidated. A majority greater than 99.9% of Artek shareholders approved arrangement. Court of Queen’s Bench of Alberta also approved it.

Mon, 04/20/2015 - 17:19

Legacy Oil + Gas Shareholder Calls For New CEO, Possible Sale

Legacy Oil + Gas Inc. operates in Canadian portion of Williston Basin, and conventionally elsewhere in Canada. FrontFour Capital wants new CEO and company’s breakup or sale, Bloomberg said.

Mon, 04/20/2015 - 14:51