Companies are offering 1,385 oil and gas properties in North Dakota, Oklahoma, Texas and several other states in an upcoming auction by The Oil & Gas Asset Clearinghouse.
Letter of intent was signed with SUDS Properties LLC to acquire 50% working interest in the Slick Unit Dutcher Sands Field. The field in Creek County, Okla., is 2,600 acres.
A merger of the two Chinese oil explorers goes against China’s own policy of allowing markets to play greater role in the allocation of resources, a Bloomberg Intelligence analyst said.
According to Financial Times, the U.K. government opposes any takeover of BP Plc by foreign companies, Bloomberg said. The government cannot block any acquisition. Speculation about industry consolidation has grown.
Central Area Transmission System’s riser platform is next to Everest platform, Block 22/10. Pipeline connects riser platform to Seal Sands, Teesside, gas terminal. CATS transports 8% of UK’s gas demand.
The royalty lands, which generate revenue from other companies’ drilling, are located across Alberta, Saskatchewan and Manitoba. Deal could raise C$1.6 billion ($1.3 billion), according to an analyst’s estimate.
Canada-based Marksman serves collision avoidance, wellbore intercept, coalbed methane and other complex drilling markets. Houston-based Scientific Drilling’s passive ranging solution, MagTraC MWD Ranging, has been used around the world.
Niska Gas Storage Partners LLC seeks buyers for a sale, people with knowledge of private matter told Bloomberg. Riverstone Holdings and Carlyle Group Plc back Pennsylvania-based Niska, working in Canada.
Potential buyers received materials regarding infrastructure across the country.
The geo-consulting business line of Paris-based CGG acquired Calgary, Alberta-based Taurus Reservoir Solutions Ltd. Taurus provides conventional and unconventional reservoir and geomechanical simulation, engineering technology and consulting services.
Developed and undeveloped acreage in Beauregard and Calcasieu parishes sold for $44 million. About $42 million in net proceeds will pay some outstanding borrowings and support general corporate purposes.
|E&P||USD 539||Members only||LRR Energy LP|
|E&P||USD 0||Members only||New Source Energy Partners LP|
|Mid||USD 486||Members only||BP Plc|
|E&P||USD 44||Members only||Midstates Petroleum Co. Inc.|