Exploration & Production


Chevron Will Exit Australian Shale Gas

Chevron Global Energy Inc. will sell its stake in refiner Caltex Australia Ltd., Business Wire said. Bloomberg said this marks Chevron’s exit from shale gas in Beach Energy’s Nappamerri Trough.

Fri, 03/27/2015 - 12:02

ConocoPhillips Might Sell Some Western Canada Assets

Bank of Nova Scotia will advise ConocoPhillips’ sale of about 20% of non-oil sands properties in Western Canada, Bloomberg said. About 35,000 barrels of oil equivalent per day is produced.

Fri, 03/27/2015 - 11:29

Marquee Closes Michichi Acquisition

Richard Thompson, president and CEO, said the acquisition covers a 25-mile, multizone light oil fairway.  About 330 barrels of oil equivalent per day are produced. 

Thu, 03/26/2015 - 11:01

Radiant Oil & Gas Offers Louisiana Assets

PLS is marketing the trustee-ordered sale of nonoperated assets La Salle Parish, La. The property is on 40 acres with one well operated by Sanchez Oil & Gas Corp.

Thu, 03/26/2015 - 10:43

Patriot Royalties Offers Eagle Ford Acreage

The Eagle Ford acreage contains eight wells currently producing 40,000 barrels of oil and 13 million cubic feet of gas per month.  There are also additional proven undeveloped opportunities.

Wed, 03/25/2015 - 11:37

Maple Leaf Royalties Corp. Will Purchase Alberta, Saskatchewan Assets

The transaction with Maple Leaf 2012-II Energy Income Limited Partnership will close April 1. There are 17 oil and natural gas wells producing throughout Alberta and Saskatchewan.

Wed, 03/25/2015 - 11:02

Austin Exploration, Pierre Energy Partners Form Colorado-Focused JV

Australia-based Austin is operator of an 11,560-acre Pathfinder oil and gas property in Fremont County, Colo., and it agreed to have Pierre drill two wells back-to-back in April and May. 

Tue, 03/24/2015 - 17:12

Sojitz Markets West Cameron Nonop Assets

The property is operated by Linder Oil Co. on behalf of the seller. Sojitz is offering about 50% nonoperated working interest and about 29% net revenue interest.

Tue, 03/24/2015 - 09:18

PLS Retained For South Louisiana Sale Package

A private seller retained PLS to assist in its sale of operated and nonoperated assets in Louisiana. There are about 2,827 operated net acres and about 162 nonoperated net acres.

Mon, 03/23/2015 - 16:43

Patriot Energy Offers Permian Well

Thoroughbred #1 extends production on 3,600 leased acres that will intersect the Wolfcamp and Spraberry formations.  It will be the fourth well drilled on the Permian lease, which can hold 57.

Mon, 03/23/2015 - 14:52

FMC Technologies, Technip Will Form JV

The subsea umbilical, riser and flowline systems (SURF) and subsea production and processing systems (SPS) will be  integrated, reducing total ownership cost and increasing reliability and uptime.

Mon, 03/23/2015 - 08:57

Venari Expands GoM Portfolio Through Lease Sale

Venari made high bids on nine Green Canyon blocks near its Anchor discovery and also was the high bidder on Walker Ridge blocks 98, 99 and 143 in the Coronado discovery.

Fri, 03/20/2015 - 15:15