Industry News

Free

Perpetual Closes Warwick Gas Storage Disposition

Taking into account that CA$214.4 million notes have been swapped for Tourmaline shares, Perpetual estimated its total net debt at about CA$29.5 million, down about 86% from year-end 2015’s CA$203.6 million.

Erin Pedigo
Thu, 05/26/2016 - 15:24
Free

Chinook Enters Gold Creek Asset Disposition Agreement

When sale closes, Chinook will have 24.5 sections and 35 sections of Montney lands at Gold Creek and Knopcik, respectively, and will retain ownership of two horizontal Montney Gold Creek wells.

Erin Pedigo
Thu, 05/26/2016 - 14:15
Free

Marketed: Marathon Oil's Uinta Basin Wells, Acreage

Marathon Oil Corp. (NYSE: MRO) is divesting operations covering about 2,720 gross (2,080 net) leasehold acres in the Uinta Basin through a sealed-bid offering.

The sale includes 18 wells in the Ferron Sandstone Formation in Carbon County, Utah. EnergyNet has been retained by a subsidiary of the Houston-based company to handle the sale.

Erin Pedigo
Thu, 05/26/2016 - 13:53
Free

BP, Shell Among Bidders To Run Qatar Oil Field, Sources Say

The people said state-owned Qatar Petroleum would award the contract for the oil field, which is off Qatar's coast and currently produces around 300,000 barrels per day, in the second half of the year.

Emily Moser
Thu, 05/26/2016 - 07:00
Free

Marketed: Operated Wolfcamp Development, Forge Energy

Forge Energy LLC is marketing its operated Wolfcamp development in the Permian Basin.

The offering includes interest in about 12,000 gross/net acres in Pecos County, Texas. The Oil & Gas Asset Clearinghouse has been retained by the San Antonio-based company to handle the sale.

Erin Pedigo
Wed, 05/25/2016 - 09:13
Free

US Silica Closes Acquisition Of Ottawa White Sand Acreage In Illinois

The land will add about 30 million tonnes of proven reserves of high-quality Ottawa White sand that will produce coarse and medium-to-fine grades for use in oil and gas proppants and in other industries.

Erin Pedigo
Tue, 05/24/2016 - 15:19
Free

Williams, ETE Tax Issue Trial Is Set For Late June

ETE said it has filed a counterclaim to Williams' lawsuit. The lawsuits are the latest twist in what has been a testy transaction almost from the get-go, Reuters reported.

Erin Pedigo
Tue, 05/24/2016 - 11:44
Free

Thai PTTEP Says Keen To Buy Chevron's Stake In Myanmar Gas Field

PTTEP, which is also interested in buying a stake in Bongkot offshore gas field from BG Group, has cash of $3.7 billion, enough for acquisitions, Pannalin said.

Emily Moser
Tue, 05/24/2016 - 07:40
Free

Papua New Guinea May Challenge Oil Search, InterOil $2.2 Billion Merger

The commissioner of Papua New Guinea's ICCC said he was concerned the parties were not coming to the ICCC for regulatory approvals. The merger would assemble a LNG powerhouse in the country.

Emily Moser
Tue, 05/24/2016 - 07:30
Free

Europa Oil & Gas Signs Farm-out For Weald Basin Interest

Under the farm-out, UJO will acquire a 7.5% working interest in PEDL143 from Europa, paying 15% of the costs to drill the exploration well at Holmwood.

Erin Pedigo
Mon, 05/23/2016 - 17:33
Free

Purchase Of Chaffee Corners Marcellus Stake For Thailand’s Banpu Closes

Transaction’s total value is $112 million. There are 156 billion cubic feet of 1P reserves, 62 producing wells and 14 waiting on completion; and there are more than 170 de-risked locations. 

Erin Pedigo
Mon, 05/23/2016 - 14:12
Free

Redwater Legal Decision Could Raise Number Of Orphaned Alberta Wells

More than 79,000 inactive Alberta wells could become Orphan Well Association’s responsibility due to May 18 ruling giving lenders priority over environmental cleanup costs in oil and gas bankruptcies, Reuters reported.

Erin Pedigo
Mon, 05/23/2016 - 10:33

Pages