Exploration & Production


Report: Upstream M&A Values Decreased From February To March

London-based GlobalData’s latest monthly upstream deals report said oil and gas companies spent most of their capital on acquiring Americas-based companies, announcing a total of $703.7 million in March.

Fri, 04/17/2015 - 15:30

Statoil CEO: More Deals Likely To Follow Shell-BG

Eldar Saetre didn’t comment on Statoil’s deals strategy, but speculated more deals will follow Shell’s purchase of BG, Bloomberg said. Sellers’ high valuation expectations are problematic, he said.

Fri, 04/17/2015 - 13:43

Bonterra Energy Corp. Closes Pembina Cardium Acquisition

There are 136 net potential low-risk, high-quality horizontal drilling locations. Only 12 have been assigned reserves in the current reserve report. Some land is under waterflood for pressure maintenance.

Fri, 04/17/2015 - 10:41

Reorganization Of Pinecrest Energy Is Complete

About 90% of oil and gas assets owned and operated by Pinecrest went to Virginia Hills, and all of Pinecrest’s outstanding shares and certain assets went to Cardinal, for CA$23.5 million.

Fri, 04/17/2015 - 09:29

Maple Leaf Enters Royalty Interest Agreement

The land includes the majority of an oil pool that has produced more than 6 million barrels of medium gravity oil to date with a relatively shallow decline rate.

Wed, 04/15/2015 - 15:13

Connorsville Natural Gas Property Up For Sale

A Precambrian well was drilled and cased. The property has a Nisku Formation proven gas prospect. A completion test produced about 1 million cubic feet per day of natural gas.

Wed, 04/15/2015 - 14:52

Perpetual Closes Alberta Fee Simple Lands Sale

There were 206,712 net acres in the CA$21 million transaction. Most of them are in section 8 and three quarters of section 26, across a 14-by-18 township east of Edmonton. 

Mon, 04/13/2015 - 11:47

Noble Acquires Interest In North Falklands Basin License

The nearly-285,000 gross acre license is northwest of PL032 license, which includes the Sea Lion oil discovery.  Argentina recently filed criminal charges against Noble and other E&Ps in the Falklands.

Mon, 04/13/2015 - 08:36

QEP Offers Texas, Oklahoma, Arkansas Working Interests, Royalties

The Oil & Gas Asset Clearinghouse, a leading provider of A&D advisory services for oil and gas properties, has been selected to exclusively market assets in Texas, Oklahoma and Arkansas on behalf of QEP.

Emily Moser
Fri, 04/10/2015 - 12:36

Blackbird Energy Acquires Additional Elmworth Montney Acres

Garth Braun, chairman, president and CEO, said the company can now attract midstream investments for takeaway. Blackbird now has 51,840 acres in its core project.

Fri, 04/10/2015 - 10:44

CLS Acquires Horizon Marine

A French satellite systems operator, Collecte Localisation Satellites SA, bought U.S. Gulf of Mexico-focused Horizon Marine Inc. Horizon provides metocean forecasting services. No transaction details were provided in a press release.

Fri, 04/10/2015 - 09:42

Northern Minerals & Exploration Enters Agreement For Texas Wells

The lease in Coleman County, Texas, is on 206.5 acres in a multiple pay zone. Ellenburger, Gray, Gardner, Jennings, Upper Capps and Morris are historically productive formations.

Thu, 04/09/2015 - 14:21