Comstock, based in Frisco, Texas, intends to use proceeds to fund its 2015 drilling program and to enhance the company's liquidity as well as for other corporate purposes.
Exmar will transfer its assets to Flex LNG in return for 323.7 million new shares in the company, giving it a 64.6% stake, London-based Flex LNG said in a statement July 1.
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 700,000 barrels of crude oil storage capacity and other infrastructure will be built through the roughly-$95 million project, supported by a long-term commitment with a major refiner.
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.
JVSA will provide JV management, JV auditing, contract and agreement management, vendor compliance and dispute resolution services at offices in Houston and Calgary, Alberta, said PKF Texas, an advisory firm.
|Mid||USD 257.5||Members only||Energy XXI Ltd.|
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|E&P||USD 0||Members only||Gale Force Petroleum|