The state-controlled company, which has one of the best success rates in the industry in finding new reserves at one of the lowest cost bases, has tabled disposals of 7 billion euros (US$8.01 billion) to 2019.
Chevron Corp. (NYSE: CVX) is offering for sale interests in its Marcellus Shale and Permian Basin assets, according to EnergyNet, which has been retained to handle the transactions.
In the Permian, the San Ramon, Calif.-based company is selling roughly 6,800 net acres, including producing assets, operated and nonoperated interests, in Ector and Andrews counties, Texas.
Chevron is also selling interest in nearly 29,000 net acres in the Marcellus in Pennsylvania, as well as operations, in separate packages.
The acquisition included certain producing properties and undeveloped acreage in the core of the plays. Pro forma, Indigo Minerals holds about 160,000 net acres in Northwest Louisiana and East Texas.
The deal bolsters the Houston-based company's presence in the Permian region with about 100 active permits in the Midland and Delaware basins, including the Wolfcamp and Spraberry intervals
Syncrude is a JV operation in the Alberta Sedimentary Basin, which extracts bitumen from oil sands and upgrades it to light synthetic crude oil. Production averaged 15,600 boe/d (net) in the first quarter of 2016.
Xtreme currently owns a fleet of 11 coiled tubing units in Saudi Arabia and the United States. The transaction is subject to customary closing conditions and is expected to close in the third quarter, Schlumberger said in the release.
Southern Kentucky Energy said April 25 it has completed the purchase of natural gas operations, including producing wells and midstream assets, through two separate transactions.
When transaction was first announced, Premier's shares were suspended as the deal was classified as a reverse takeover. Deal will be complete by the end of this month, Reuters reported.
As part of 10,300 job cuts it has already announced, 2,800 will come from integration of BG and 7,500 from Shell’s existing staff and direct contractor base, Reuters reported.
North Dakota is offering acreage in an upcoming lease auction, according to EnergyNet, which has been retained to handle the sale exclusively.
The state of North Dakota has 82 tracts covering 11,134.65 gross (6,358.37 net) acres available for lease. The acreage is located in Bottineau, Burke, Divide, Emmons, McKenzie, Mountrail and Williams counties.
Shell has been operating in the west African country for more than 50 years. Its holdings include the Rabi Kounga and Gamba fields, Reuters reported.
At year-end 2015, PetroQuest estimated the Woodford Shale assets had proved reserves of about 19 Bcfe, 81% proved developed, with a PV-10 value of $16 million.
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