Exploration & Production


Basic Energy Services Signs LOI For Acquisitions Funding

Depending on the size and nature of the transaction, the amount provided will vary. Roe Patterson, Basic’s president and CEO, said some smaller acquisitions have already been made. 

Tue, 08/04/2015 - 16:51

Halliburton Certifies DOJ’s Second Information Request

Halliburton Co. and Baker Hughes received Department of Justice second requests in February under Hart-Scott-Rodino Antitrust Improvements Act of 1976’s notification requirements. Baker Hughes certified the second request July 14.

Tue, 08/04/2015 - 11:15

White Marlin Closes Dune Energy Assets Acquisition

A July 10 bankruptcy court order approved the sale of Dune’s interests in 11 fields including Abbeville North. White Marlin paid $19 million for the assets.

Tue, 08/04/2015 - 10:48

Touchstone Sells Undeveloped Saskatchewan Acreage

The sale represents about 6% of the company’s total acreage in Canada, all of which is located in Saskatchewan, Touchstone Exploration said in a news release.

Tue, 08/04/2015 - 08:50

Atlantic Petroleum Seeks Buyers

The Faroe Islands-based firm hired bankers Pareto Securities to explore potential deals that could include sale or merger of the firm or selling its British and Norwegian assets, Reuters reported.

Mon, 08/03/2015 - 09:27

Canamax, Powder Mountain Close Business Combination

Total consideration price was CA$27.6 million. This was based on Powder’s CA$21.7 million estimated working capital surplus and the CA$5.9 million attributed value of Powder’s existing lands, production and reserves.

Fri, 07/31/2015 - 10:50

Texoz Offers Olmos Oil Assets In McMullen County, Texas

Texoz E&P 1 Inc. is selling certain operated assets in the Olmos Oil Project in McMullen County, Texas.

The properties are located in the northwest flank of the AWP Olmos Field, which is more than 100 square miles in area.

The Oil & Gas Asset Clearinghouse is the exclusive technical, marketing and transaction adviser for Texoz, a U.S. subsidiary of Australia's Talon Petroleum Ltd.

The AWP Field was discovered in the early 1980s and later opened up after fracking technology made the tight Olmos sand formation economical, according to Swift Energy Co. (SFY).

Fri, 07/31/2015 - 10:23

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

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

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

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

Black Ridge, Merced Form Williston Basin-focused JV

A joint-venture entity will acquire and develop Williston Basin nonoperated assets. Merced will fund the joint venture with an initial $50 million target investment. Merced will approve investments.

Thu, 07/23/2015 - 15:22