In Karnes County, two wellbores, Boggs Unit No. 1H and the Boggs Unit No. 2H will go to Earthstone Energy/Oak Valley Resources. Lucas sold 139.04 net acres for about $350,000.
Tourmaline Oil Corp. will acquire Mapan Energy Ltd. for CA$105.98 million. There are 216,916 gross acres of land with 19.2 million barrels of oil equivalent of proved plus probable reserves.
An unidentified Bakken/Three Forks player is offering mineral and royalty interests that include more than 500 producing wells, according to TenOaks Energy Advisors LLC, which has been retained to handle the transaction.
The majority of the interests are located in Williams, McKenzie, Mountrail and Divide counties, N.D. The mineral interests span more than 330 Bakken/Three Forks drilling spacing units.
More than 350 million barrels of oil have been produced from Upper and Lower Shaunavon on the Canadian side, and 20MMbbl have been produced on the U.S. side in Montana.
Oilfield technologies company Blue Water Petroleum Corp. signed a letter of intent with Viscos Energy Partners to form STO (Sludge to Oil) to operate Viscos’ oil sludge remediation, upgrading system.
Reservoir services company Core Laboratories NV acquired Sanchez Technologies in an all-cash transaction. Sanchez is based in Viarmes, France. Sanchez designs and manufactures cutting-edge reservoir pressure-volume-temperature equipment and instrumentation.
Viking Exploration LLC plans to divest an 11-well package with nonoperated working interest in Oklahoma’s Scoop area in Stephens County. EnergyNet has been retained to conduct a sealed bid offering.
Closing date for the sale of certain noncore assets in Kingfisher County, Okla. is now July 6. Buyer made a $6.6 million deposit payment toward the $46.2 million sales price.
Itochu Corp. sold back its 25% stake in Samson Resources Corp. to the company for $1 based on company operations and oil prices, Bloomberg said.
Vantage Energy Inc. is working with Barclays Plc to find a buyer, people with knowledge of private matter told Bloomberg. Vantage works in the Marcellus Shale and the Barnett Shale.
Houston-based Harvest entered into a term sheet with Venezuela’s state-owned PDVSA, its partner in Petrodelta, to reposition Petrodelta’s business. Harvest has a 20.4% investment in Petrodelta.
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