Exclusives

Free

EP Energy Buys 44% Of Goodrich’s Eagle Ford Oil Production

The Eagle Ford Shale’s mystery buyer of 12,000 net acres is EP Energy Corp. (EPE) and the company is touting production, acreage and more drilling locations.

On July 27, Goodrich Petroleum Corp. (GDP) said it had sold its Eagle Ford operations in La Salle and Frio counties, Texas, for $118 million with expectations of gaining up to $60 million in proceeds. It did not disclose the buyer.

However, Goodrich filed documents July 30 with the Securities and Exchange Commission showing EPE was the buyer. 

Darren Barbee
Fri, 07/31/2015 - 16:33
Free

Lonestar Resources Nets $100 Million Eagle Ford JV

The Fort Worth, Texas, company will be able to drill while hunting down more acquisitions—and without taking a major hit to its balance sheet.

Thu, 07/30/2015 - 09:05
Non-free

Miller Energy’s Trek Into Alaska’s White Turns Ledger Red

The company is in the process of obtaining a loan and negotiating to sell noncore assets as well as interest in the North Slope that it acquired in 2014.

Darren Barbee
Wed, 07/29/2015 - 14:33
Free

Of Oil And Entropy: Midland Basin Powerhouses Hunt Deals, Stability

 
E&Ps such as Diamondback continue to outperform their peers as larger, capitalized companies look to buy smaller companies and private equity is on the move, including a new Chinese-backed entrant.
Darren Barbee
Tue, 07/28/2015 - 16:13
Free

Razing Funds? Goodrich Sells Eagle Ford Acreage, Forfeits Oil Production

In an area where Goodrich spends no capex, the company sold 2,850 boe/d in production in the Eagle Ford but apparently did not receive credit for its undeveloped acreage.

Darren Barbee
Mon, 07/27/2015 - 11:26
Free

Shale’s Magnificent Seven May See Majors Gunning For Deals

A Goldman Sachs analyst identifies targets for major oil companies that have failed so far to gain entry into shale plays and need to replace depleted reserves.

Darren Barbee
Fri, 07/24/2015 - 12:15
Free

Proppant Market On The Way Toward Consolidation

The top 10 frack sand suppliers claim 55% of total business, while more than 40 companies make up the remaining percentage.

Fri, 07/24/2015 - 10:08
Non-free

New Antitrust Concerns About Halliburton, Baker Hughes Deal Not So New

Both companies said July 10 that they had agreed to extend the Department of Justice’s review of their merger while Halliburton readies divestment of billions of dollars in revenue-generating business divisions.

Thu, 07/23/2015 - 15:00
Free

Arabella Sells Assets In Exchange For Permian Properties, Cash

The $47 million transaction more than quadruples the Fort Worth, Texas-based company’s net acreage in the Permian Basin and ups production by 15%.

Thu, 07/23/2015 - 12:30
Free

Rig Or Mortis: Oilfield Equipment Gets Last Chance At Auction

Equipment auctions are frequent and often the product of insolvency, but equipment should be thoroughly inspected before bids. The equipment has often been cannibalized for parts.

Darren Barbee
Wed, 07/22/2015 - 15:19
Non-free

Seven Years Of Famine: Milagro To Ditch Assets In Bankruptcy

Milagro wants to sell its assets and 1,200 wells to White Oak Resources VI LLC, a company that acquires producing properties on the Gulf Coast of Texas and Louisiana.

Darren Barbee
Tue, 07/21/2015 - 10:23
Non-free

Penn Virginia’s Latest Deal Buys Time During Leverage Crunch

The Radnor, Pa.-based company kept its Eagle Ford assets and instead sold its East Texas terrain, where it had abandoned drilling but continues to face questions about its leverage.

Mon, 07/20/2015 - 13:08

Pages