Acquisitions & Divestitures

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Report: Upstream M&A Values Decreased From February To March

London-based GlobalData’s latest monthly upstream deals report said oil and gas companies spent most of their capital on acquiring Americas-based companies, announcing a total of $703.7 million in March.

Fri, 04/17/2015 - 15:30
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Statoil CEO: More Deals Likely To Follow Shell-BG

Eldar Saetre didn’t comment on Statoil’s deals strategy, but speculated more deals will follow Shell’s purchase of BG, Bloomberg said. Sellers’ high valuation expectations are problematic, he said.

Fri, 04/17/2015 - 13:43
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Bonterra Energy Corp. Closes Pembina Cardium Acquisition

There are 136 net potential low-risk, high-quality horizontal drilling locations. Only 12 have been assigned reserves in the current reserve report. Some land is under waterflood for pressure maintenance.

Fri, 04/17/2015 - 10:41
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Reorganization Of Pinecrest Energy Is Complete

About 90% of oil and gas assets owned and operated by Pinecrest went to Virginia Hills, and all of Pinecrest’s outstanding shares and certain assets went to Cardinal, for CA$23.5 million.

Fri, 04/17/2015 - 09:29
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WillisChild Markets Anadarko Basin Interests In Texas, Oklahoma

EnergyNet has been retained to handle the transactions for WillisChild of Snyder, Okla.

Darren Barbee
Fri, 04/17/2015 - 08:51
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Penn Products Terminals Acquires Pyramid LLC

Dan Revers, managing partner and co-founder of ArcLight, said the firm has a long track record of investing in refined products storage and pipeline infrastructure.

Thu, 04/16/2015 - 09:30
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Maple Leaf Enters Royalty Interest Agreement

The land includes the majority of an oil pool that has produced more than 6 million barrels of medium gravity oil to date with a relatively shallow decline rate.

Wed, 04/15/2015 - 15:13
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Connorsville Natural Gas Property Up For Sale

A Precambrian well was drilled and cased. The property has a Nisku Formation proven gas prospect. A completion test produced about 1 million cubic feet per day of natural gas.

Wed, 04/15/2015 - 14:52
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South Bay Resources Canada Markets Central Alberta Assets

Oil and natural gas company South Bay Resources Canada has properties in central Alberta. Sayer Energy Advisors was engaged to assist with a strategic alternatives process.  

Wed, 04/15/2015 - 12:13
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JP Energy Will Acquire Southern Propane Assets

JP Energy Partners LP will acquire the assets of Southern Propane Inc. for about $14.9 million, Business Wire said. JP also announced plans for its Silver Dollar Pipeline system. 

Wed, 04/15/2015 - 11:41
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Nonoperated Interests In West Texas Production, Development For Sale

Riviera-Ensley Energy Advisors has been retained to handle the sale of assets.

Darren Barbee
Wed, 04/15/2015 - 09:22
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Global Partners Will Acquire Exxon, Mobil Gas Stations

Global Partners LP will purchase 97 Mobil- and Exxon-branded retail gas stations and seven dealer supply contracts for about $156 million. The stations are in New York and Maryland/Washington D.C. 

Tue, 04/14/2015 - 09:47

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