The swap echoes a May trade in which Linn gave up Permian Basin acreage to ExxonMobil for operating interests in the Hugoton Basin.
EnverVest is continuously making deals—with $3 billion in transactions last year.
The Denver-based company expects its 2014 exit rate production will be guided to 70% oil.
Miller's strategy to redeploy to Alaska has been productive thus far with a 144% increase year over year in net production for first quarter of fiscal 2015.
The dominant players remain atop our processor and NGL producer rankings with large M&A moves being the big story of the year.
The partnership takes an unconventional approach with opportunities in the Eagle Ford and Cooper Basin.
The company survived the rough patches by doing deals to create shareholder value.
“If you’re thinking about where it will happen next, just think about where there is high [production] growth,” Jefferies’ Marko says.
Company’s strategy centers around developing specific plays, CEO McClendon says.
FourPoint and EnerVest have already accumulated more than 160,000 net acres over the Granite Wash.
‘It really is a regional story. It is a great story of North America,’ EY’s Byers says.
The company's stake is worth 30% more than PrairieSky's IPO price in May.
|E&P||USD 50||Members only||Buccaneer Energy Ltd.|
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