Acquisitions & Divestitures


VTTI Acquires Additional Interest In Subsidiary

A loan from VTTI BV financed the deal. VTTI indirectly owns a total economic interest of 42.6% and a 51.0% indirect voting interest in VTTI Operating.

Thu, 07/02/2015 - 15:02

Ring Closes $75 Million Delaware Basin Acquisition

There are 14,645 gross (14,322 net) acres currently producing about 1,300 barrels of oil equivalent per day.  Ring will be the operator and have a 98% working interest. 

Thu, 07/02/2015 - 14:33

North Plains Selling Interest In Bakken, Three Forks Assets

North Plains Energy II LLC and its joint venture partner are offering for sale working interest assets located in the Bakken/Three Forks play in North Dakota.

The assets are located in Williams and Divide counties, N.D. Raymond James has been retained as exclusive transaction adviser for Denver-based North Plains. First-quarter production was about 900 net barrels of oil equivalent per day (boe/d).

Darren Barbee
Thu, 07/02/2015 - 14:30

Shell Midstream Closes Poseidon Interest Acquisition

The proprietary 367-mile offshore pipeline can transport 350,000 barrels per day of crude oil to Texas and Louisiana markets. South Marsh Island strategic platform 205 is under ownership.

Thu, 07/02/2015 - 13:55

Hess Closes Sale, Establishes $5.35B Bakken Midstream JV

Midstream assets included in the joint venture include a natural gas processing plant in Tioga, N.D. Hess Infrastructure will make an IPO of Hess Midstream Partners LP common units.

Thu, 07/02/2015 - 11:46

Black Gold Resources Acquires Austin Chalk JV Stake

The 13-well EOR project is in Caldwell County, Texas, and 12 of the wells are proved productive vertical oil wells. Of this group, two will become water injection wells.

Thu, 07/02/2015 - 11:28

Aethon, RedBird Acquire SM Energy's Ark-La-Tex Assets

The deal, worth about $54 million, was the second transaction of SM's divestiture in the Ark-LA-Tex area of East Texas and northern Louisiana.

Thu, 07/02/2015 - 09:58

Comstock Unloads Eagle Ford Shale Properties

Comstock, based in Frisco, Texas, intends to use proceeds to fund its 2015 drilling program and to enhance the company's liquidity as well as for other corporate purposes.

Wed, 07/01/2015 - 13:59

Lucas Transfers Property To Victory Through Settlement Agreement

In Karnes County, two wellbores, Boggs Unit No. 1H and the Boggs Unit No. 2H will go to Earthstone Energy/Oak Valley Resources. Lucas sold 139.04 net acres for about $350,000.

Wed, 07/01/2015 - 09:16

Energy XXI Completes Sale Of East Bay Field

The East Bay Field produced about 2,050 barrels of oil per day (bbl/d) net on average for fiscal 2015, with net reserves associated with the East Bay Field estimated at about 9.4 million barrels of oil equivalent (boe), 94% liquids, as of June 30, a news release said.

Wed, 07/01/2015 - 08:51

NOW Acquires Odessa Pumps And Equipment

The cash transaction is subject to regulatory approval and other closing conditions, were not disclosed. Odessa provides pumps and equipment for oil and gas, municipal and wastewater markets.

Wed, 07/01/2015 - 08:39

Tourmaline Oil Will Acquire Mapan Energy For CA$105.98 Million

Tourmaline Oil Corp. will acquire Mapan Energy Ltd. for CA$105.98 million. There are 216,916 gross acres of land with 19.2 million barrels of oil equivalent of proved plus probable reserves. 

Tue, 06/30/2015 - 16:03