Exploration & Production


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

Eni Considers Selling Onshore Nigerian Assets

Italy’s Eni has asked advisers to look at options for the assets, which include interests in oil and natural-gas fields, people with knowledge of the private matter told Bloomberg.

Thu, 07/23/2015 - 14:59

Eagle Energy Trust Will Acquire Private Canadian Company

Through acquisition of shares of a private company, Eagle Energy Trust will acquire about 750 barrels of oil equivalent per day in the Twining Field in Alberta.

Thu, 07/23/2015 - 13:35

Touchstone Divests Dawson Area Interest

Touchstone now does not have any land holdings in Alberta after divesting its interest in Dawson project in Peace River area of Alberta. The property was a nonproducing legacy asset.

Thu, 07/23/2015 - 09:55

Consol’s Biggest Shareholder Urges Gas Unit Sale Or Spinoff

Southeastern Asset Management Inc., Consol’s largest shareholder, said in a filing that it will meet with management and others about possibly selling the gas unit, Bloomberg said. 

Wed, 07/22/2015 - 10:54

Gap Between Assets, Buyers In UK North Sea Remains

Companies shoulder much of costs for large-scale redundant platform decommissioning as sales in ageing oil fields remain few, Reuters said. Urgency to sell assets has grown on low oil prices.

Tue, 07/21/2015 - 11:39

Whiting Receives $185 Million From Second-Quarter Sales

Both sales’ effective date is June 1, and both sales closed in June. Reserves totaled an estimated 18 million barrels of oil equivalent, 59% oil.

Fri, 07/17/2015 - 15:44

SBM Offshore Divests Stake To Supply, Lease An FPSO In GoM

The Stones development is about 320km offshore Louisiana in the Walker Ridge area, in 2,896m (9,500ft) of water. Turritella will be the world’s deepest FPSO.

Thu, 07/16/2015 - 16:35