Tokyo's Mitsubishi will become the first Japanese company to purchase an oilfield stake in the African country.
Sayer Energy Advisors has been engaged to assist with the sale.
Stratex entered a joint development agreement for roughly 35,000 leasehold acres in the Mississippi Lime.
Houston's Linn is set to be the dominant producer in the Hugoton Basin through the acquisition.
In total, the transactions involved the disposition of about 1,085 boe/d (75% natural gas).
Encana will probably favor purchases in the U.S. over Canada, analyst says.
Pyramid's name has changed to "Yuma Energy Inc." and has relocated its headquarters to Houston.
Leucrotta now holds roughly 115,000 gross (100,000 net) acres of Montney land.
Sundance plans to add 10,000 to 20,000 net acres in the Eagle Ford within a year.
Simplex Energy Solutions LLC has been retained to handle the sale.
The acquisition nearly doubled the size of Rex's Appalachian core.
The assets have production of about 3,300 boe/d, which is 95% light oil weighted.
|E&P||USD 50||Members only||Buccaneer Energy Ltd.|
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|E&P||USD 359||Members only||Pyramid Oil Co.|