There are nonoperated leasehold working interests, including interests in 53 producing wells, and a 640 gross-acre block of undeveloped leasehold. The purchase price is $5.5 million, subject to adjustments.
The unit has the potential to add an additional 15 operated Bakken and Three Forks wells to its North Fork inventory.
Waldron Energy Corp. entered an agreement to sell the Strachan and Ricinus properties for CA$12.3 million, as a first step in an asset disposition plan.
Whitecap acquired all issued and outstanding Beaumont common shares for about $7.3 million in cash and 36.3 million Whitecap common shares. Whitecap also assumed Beaumont's debt.
The new JV company will provide sales, service for pumps used in shale oil, natural gas well completions. The company will be named later and should be operating by 2016.
Quattro’s total land position is now 98,533 developed acres and 204,581 undeveloped acres in core Saskatchewan areas. Quattro’s sustainable core area produces more than 1 Mboe.
Lonestar will add 32 gross (20 net) horizontal Eagle Ford drilling locations with the acquisition. At year-end 2014, Lonestar held interests in 143 engineered Eagle Ford drilling locations.
Bayport will buy full working interest and 80% net revenue interest in the property, which currently produces from a 2,825-foot deep Dutcher oil and gas well.
The low-risk, low drilling-cost and long-reserve assets cover about 188,000 net acres in Wyoming’s Wind River Basin in the Wind River Basin. Terms of the negotiated transaction were not disclosed.
As it weighs acquisitions, Saskatchewan operator Crescent Point was the most active driller in Canada last year, according to Daily Oil Bulletin results released to Bloomberg.
Synergy Resources Corp. (NYSE MKT: SYRG) said April 30 it has closed on an exploration agreement with Vecta Oil & Gas Ltd. for an undivided 30% working interest in leasehold within the Denver-Julesburg (D-J) Basin Greenhorn area of mutual interest (AMI).
Schlumberger Ltd. and Australia's Spectrum ASA entered a cooperation agreement in which Schlumberger will acquire 50% ownership in the untapped hydrocarbon Pelotas Basin offshore Brazil.
|E&P||USD 200||Members only||WPX Energy Inc.|
|E&P||USD 108||Members only||Whiting Petroleum Corp.|
|E&P||CAD 430||Members only||Surge Energy Inc.|
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