Acquisitions & Divestitures

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Eos Engages Deloitte Corporate Finance For Acquisitions

Eos Petro Inc. engaged Deloitte Corporate Finance LLC to advise its efforts to pursue acquisitions and raise additional capital.

Eos’ current, active properties are in the Illinois Basin.

Thu, 07/30/2015 - 16:42
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Follow-on Investment Will Help First River Acquire Texas Gathering

Texas Gathering gathers, markets and blends about 23,000 barrels per day of crude oil, primarily in the West Texas Permian Basin and Eagle Ford Shale.

Thu, 07/30/2015 - 15:27
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FBR Will Acquire MLV

Transaction is scheduled to close in 2015’s third quarter, subject to closing conditions and regulatory approval. Wachtell, Lipton, Rosen & Katz was FBR’s legal adviser. LeClairRyan was MLV’s legal adviser.

Thu, 07/30/2015 - 10:08
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HEP Subsidiary Acquires Interest In GT Omniport Terminal

Maverick Terminals LLC acquired majority interest in GT Omniport Terminal from GT Logistics LLC. GT Omniport currently handles crude oil, but will be expanded to handle refined products and NGL.

Wed, 07/29/2015 - 14:49
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Anadarko Not Selling Mozambique LNG Stake

Anadarko Petroleum Corp. has no interest in selling down its stake in planned LNG project in Mozambique, CEO Al Walker said, Reuters reported. Anadarko wants to operate the multibillion-dollar project.

Wed, 07/29/2015 - 11:34
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Chevron Looks To Sell Permian Holdings

Chevron Corp. (CVX) is offering packages in Reagan and Cochran counties, Texas, that include producing oil and gas wells.

In Cochran County, Chevron Midcontinent LP is set to divest its interests in the Permian Basin’s Masten Unit, said EnergyNet, which is handling the divestments. Chevron is auctioning operations and HBP leasehold consisting of about 3,193.50 gross acres.

In Reagan County, Chevron U.S.A. Inc. and Chevron Midcontinent are conducting a sealed bid offering for its operations, HBP leasehold and overriding royalty interests.

Tue, 07/28/2015 - 09:59
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India’s Reliance Considers Selling US Shale Gas Assets

Indian oil refinery complex operator Reliance invested more than $8 billion in its U.S. unconventional gas joint ventures through March, Bloomberg reported. It is considering sale in private matter.

Tue, 07/28/2015 - 09:29
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BP Acquisition Unlikely After $18.7 Billion GoM Settlement

BP CEO Bob Dudley said company is less likely to be acquired, “and it is certainly not our intention” to sell, after $18.7 billion Gulf of Mexico settlement, Reuters reported.

Tue, 07/28/2015 - 08:45
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Vermilion Enters Deal To Grow Interest Onshore Germany

The farm-in will provide Vermilion participating interest in 19 onshore exploration licenses in northwest Germany, comprising about 850,000 net acres of oil and gas rights (100% undeveloped), the company said in a news release.

Tue, 07/28/2015 - 08:03
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Saudi Arabian Chemical Manufacturer, Enterprise Sign Shale Gas Agreement

Under deal with Enterprise Partners, feedstock may be used in U.S. or exported, acting CEO Yousef al Benyan told Bloomberg. Saudi Basic Industries Corp. converted U.K. crackers to produce olefins.

Mon, 07/27/2015 - 10:03
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Enterprise Closes Offshore GoM Business Sale

Michael A. Creel, CEO of Enterprise’s general partner, said the proceeds enhance the company’s financial flexibility for Eagle Ford and Permian Basin projects. Including proceeds, current liquidity surpasses $6 billion.

Mon, 07/27/2015 - 09:28
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Crew Energy, British Columbia Close Montney Rights Exchange

The new acreage is in an area that has generated positive results in the Upper and Lower Montney. There is access to existing and future infrastructure 

Fri, 07/24/2015 - 14:19

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