Acquisitions & Divestitures


Marquee Closes Michichi Acquisition

Richard Thompson, president and CEO, said the acquisition covers a 25-mile, multizone light oil fairway.  About 330 barrels of oil equivalent per day are produced. 

Thu, 03/26/2015 - 11:01

Radiant Oil & Gas Offers Louisiana Assets

PLS is marketing the trustee-ordered sale of nonoperated assets La Salle Parish, La. The property is on 40 acres with one well operated by Sanchez Oil & Gas Corp.

Thu, 03/26/2015 - 10:43

Blue Tip Energy Selling Uinta Producing Properties

Blue Tip Energy Management LLC is selling Uinta Basin producing properties in Carbon, Utah and Duchesne counties, Utah.

Darren Barbee
Thu, 03/26/2015 - 10:41

Patriot Royalties Offers Eagle Ford Acreage

The Eagle Ford acreage contains eight wells currently producing 40,000 barrels of oil and 13 million cubic feet of gas per month.  There are also additional proven undeveloped opportunities.

Wed, 03/25/2015 - 11:37

Maple Leaf Royalties Corp. Will Purchase Alberta, Saskatchewan Assets

The transaction with Maple Leaf 2012-II Energy Income Limited Partnership will close April 1. There are 17 oil and natural gas wells producing throughout Alberta and Saskatchewan.

Wed, 03/25/2015 - 11:02

EnLink Midstream Will Acquire Victoria Express Pipeline

The pipeline transports condensate from DeWitt County, Texas, to the Port of Victoria. It handles about 50 Mbbl/d. The dropdown transaction’s total cost ranges between $210 million and $220 million.

Tue, 03/24/2015 - 10:18

Sojitz Markets West Cameron Nonop Assets

The property is operated by Linder Oil Co. on behalf of the seller. Sojitz is offering about 50% nonoperated working interest and about 29% net revenue interest.

Tue, 03/24/2015 - 09:18

Quantum Energy Partners, Linn Energy Partner For A&D

Private-equity firm Quantum Energy Partners will invest up to $1 billion in a new A&D-focused company that will be managed by Linn Energy LLC, the companies said according to Reuters.

Tue, 03/24/2015 - 09:04

PLS Retained For South Louisiana Sale Package

A private seller retained PLS to assist in its sale of operated and nonoperated assets in Louisiana. There are about 2,827 operated net acres and about 162 nonoperated net acres.

Mon, 03/23/2015 - 16:43

Superior Energy Services Seeks Assets From BHI/HAL Merger

Superior is interested in assets Baker Hughes Inc. and Halliburton Co. must sell during their merger, Bloomberg said. Superior, seeking international exposure, will become the fourth-largest oilfield services company.

Mon, 03/23/2015 - 15:31

Patriot Energy Offers Permian Well

Thoroughbred #1 extends production on 3,600 leased acres that will intersect the Wolfcamp and Spraberry formations.  It will be the fourth well drilled on the Permian lease, which can hold 57.

Mon, 03/23/2015 - 14:52

Pine Ridge Offers 43,700 Net Acres In Colorado

Pine Ridge Oil & Gas LLC is selling its leasehold position in the developing Mississippian and Pennsylvanian play in southeast Colorado.

The position is located in Lincoln and Kit Carson counties and consists of about 43,700 net acres in an emerging multi-pay oil play, according to PLS Inc., which has been retained to handle the sale.

Darren Barbee
Mon, 03/23/2015 - 14:07