Midwest Oil & Gas, based in Payson, Ariz., mainly operates in Kansas. The company will begin considering expanding its operations outside of Kansas, throughout the U.S.
News of the acquisition comes a week after Husky said it was selling a partial interest in a package of Canadian energy midstream assets to two Hong Kong-based firms.
The deal boosts Lundin's resources and cash flow at a time when the industry is readjusting to a plunge in crude prices, while Statoil gains more exposure to key parts of the Norwegian continental shelf.
The divestment comprises about 62,500 net acres with equity production from the properties of about 9,300 boe/d for first-quarter 2016.
The world's largest industrial equipment auctioneer said on May 2 it set new company records for the number of sellers and registered bidders at its five-day Edmonton, Alberta, auction.
The state-controlled company, which has one of the best success rates in the industry in finding new reserves at one of the lowest cost bases, has tabled disposals of 7 billion euros (US$8.01 billion) to 2019.
The acquisition will transform San Francisco-based Neos into a "world leader" in the detection of natural resources, the release said.
Chevron Corp. (NYSE: CVX) is offering for sale interests in its Marcellus Shale and Permian Basin assets, according to EnergyNet, which has been retained to handle the transactions.
In the Permian, the San Ramon, Calif.-based company is selling roughly 6,800 net acres, including producing assets, operated and nonoperated interests, in Ector and Andrews counties, Texas.
Chevron is also selling interest in nearly 29,000 net acres in the Marcellus in Pennsylvania, as well as operations, in separate packages.
The acquisition included certain producing properties and undeveloped acreage in the core of the plays. Pro forma, Indigo Minerals holds about 160,000 net acres in Northwest Louisiana and East Texas.
The deal bolsters the Houston-based company's presence in the Permian region with about 100 active permits in the Midland and Delaware basins, including the Wolfcamp and Spraberry intervals
Syncrude is a JV operation in the Alberta Sedimentary Basin, which extracts bitumen from oil sands and upgrades it to light synthetic crude oil. Production averaged 15,600 boe/d (net) in the first quarter of 2016.
The Denver company acquired a 66.7% interest in the Okeanos pipeline, a 100-mile gas gathering system in the GoM, from an affiliate of its general partner for an undisclosed amount.
|E&P||USD 200||Members only||Alpha Natural Resources Inc.|
|Mid||USD 0||Members only||I Squared Capital|
|E&P||CAD 148||Members only||Penn West Petroleum Ltd.|
|S&S||USD 0||Members only||Trican Well Service LLC|