Exploration & Production

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NGP Backs Black Mountain With $150 Million In Equity

Black Mountain currently focuses on the Delaware Basin, but also works in other producing regions. NGP's Natural Resources XI LP natural resources-focused private-equity fund provided the commitment. 

Erin Pedigo
Wed, 02/10/2016 - 15:52
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Golar LNG Partners Will Acquire Ownership Interests Of Tundra Corp.

Revolving credit facility borrowings will fund the remaining $70 million cash purchase price for the Golar Tundra. About $380 million of debts will then mature in 2021 instead of from 2018.

Erin Pedigo
Wed, 02/10/2016 - 15:40
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Devon Hires Jefferies As Banker In Sale Of Noncore Assets

"We are moving ahead with the divestiture program and have already received numerous indications of interest," Howard Thill, Devon's senior vice president for communications and investor relations told Reuters.

Erin Pedigo
Wed, 02/10/2016 - 10:43
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Marketed: Arsenal Energy’s Producing Properties, Williston Basin

Arsenal Energy Inc. is offering producing properties in the Williston Basin in North Dakota.

Meagher Energy Advisors has been retained by the company's U.S. subsidiary, Arsenal Energy USA Inc., to handle the transaction.

The properties include 59 operated and 55 nonoperated wells. The majority of production comes from the Bakken/Three Forks formations in the Stanley and Lindahl fields.

The Stanley Field consists of 4,212 net acres, 100% HBP, in Mountrail County, N.D. Lindahl consists of 1,588 net acres, also HBP, in the northeast corner of Williams County, N.D.

Most of the company's other acreage is in Burke County, N.D.

Emily Moser
Wed, 02/10/2016 - 08:13
Free

Nobel Upstream Buys Shell's Stake In Maclure North Sea Field

The field, operated by Denmark's Maersk Oil, is located in the British part of the North Sea and produces 8,000 barrels of oil equivalent per day, the company said.

Emily Moser
Wed, 02/10/2016 - 06:30
Free

Petrogas Will Acquire PA Resources’ North Sea Assets

Sale includes company’s 24% interest in license 12/06 in Denmark, which holds the Broder Tuck and Lille John discoveries, and its exploration licenses in the U.K., Germany and the Netherlands.

Erin Pedigo
Tue, 02/09/2016 - 14:13
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Canadian Companies Sell Assets While Continuing Oil Sands Projects

Husky Energy Inc., MEG Energy Corp. and others are selling assets or slowing light and conventional oil E&P, even while continuing with oil sands projects that are losing money, Reuters said.

Erin Pedigo
Tue, 02/09/2016 - 12:27
Free

Marketed: Apache's Operated Properties, Delaware Basin

Apache Corp. (NYSE: APA) is offering operated properties in the Delaware Basin.

The properties include six producing wells and are located in Pecos and Reeves counties, Texas.

The Oil & Gas Asset Clearinghouse has been retained by the Houston company as its exclusive technical, marketing and transaction adviser for the sale.

Emily Moser
Tue, 02/09/2016 - 08:09
Free

Marketed: Colorado, Utah State Leases

Colorado and Utah are offering acreage in upcoming lease auctions, according to EnergyNet, which has been retained to handle the sales.

The state of Colorado has about 18,168.03 acres available for lease. In another auction, the state of Utah has opened up 42 tracts for lease.

Emily Moser
Mon, 02/08/2016 - 09:35
Free

Suncor Successfully Acquires 70% Stake In Canadian Oil Sands

Suncor has extended its offer to Feb. 22 so that Canadian Oil Sands shareholders who have not yet tendered their shares can do so. Further extensions beyond Feb. 22 are not anticipated, the release said

Emily Moser
Mon, 02/08/2016 - 07:30
Free

Ceona Services Sells PDi Engineering Subsidiary

PDi, which provides multi-discipline engineering and project management for the oil and gas industry, was acquired by Ceona in 2012 to augment Ceona Group.

Erin Pedigo
Fri, 02/05/2016 - 11:08
Free

Marketed: South Texas Mineral Interests, Eagle Ford Shale

Anita G. Bruni Family Interests is offering certain mineral interests in the Cibolo Ranch area in Webb County, Texas.

The Oil & Gas Asset Clearinghouse has been retained as the exclusive technical, marketing and transaction adviser for the sale.

The offering is comprised of about 1,737 gross undivided mineral interests with productive targets of the Eagle Ford Shale and Lower Wilcox/Lobo Gas Play.

Emily Moser
Fri, 02/05/2016 - 09:49

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