Lindsay, Okla.-based Hybrid simplifies steps of stick pipe drill-outs and tube-ups. More than 800 wells have been completed using the patent-pending process. Hybrid operates in the Marcellus, Utica and Midcontinent.
The divested properties are located in southwest Gonzales County, Texas, which the Eagle Ford Shale-focused company said is a significant distance away from its main acreage block.
Total sees more opportunities in Iran on the LNG side than in conventional oil developments, analysts say.
Common units representing limited liability company interests will be issued to Eagle Rock’s unitholders as merger consideration. The transaction is scheduled to close Oct. 8.
The professional services business segment provides engineering, EPC/EPCM, field solutions and integrity services to the oil and gas transmission and midstream market, as well as at government facilities, according to a news release.
The Oklahoma City company entered into an agreement to acquire the Piñon Gathering Co. LLC from EIG Global Energy Partners for $126 million.
Union Pacific Railroad serves the facility, which has 29,000 feet of track, including two unit train loop tracks, to move oil and frack sand to and from the Permian Basin.
WadeCo is a portfolio company of private-equity firm Hastings Equity Partners, and Escudero provides production chemicals and services to customers in the Permian and Illinois basins.
The Denver company said it will use proceeds from the sale to pay down outstanding borrowings under its revolving credit facility.
"A final investment decision is planned for late 2016 with production start-up in 2020," Statoil said.
For combined adjusted price of $259.4 million, they represent combined estimated net proved reserves of 302 billion cubic feet equivalent in Appalachian Basin, San Juan Basin, Michigan and Austin Chalk.
|Mid||USD 37700||Members only||Williams Cos. Inc.|
|E&P||USD 283.8||Members only||Rockcliff Energy LLC|
|S&S||USD 0||Members only||TRF Energy Solutions LLC|
|E&P||USD 345||Members only||Sanchez Energy Corp.|