Acquisitions and Divestitures (A&D)

Jadestone Energy Inc. Announces Acquisition of Operated 90% Interest in Lemang PSC

Jadestone Energy Inc. Announces Acquisition of Operated 90% Interest in Lemang PSC

SINGAPORE / ACCESSWIRE / June 29, 2020 / Jadestone Energy Inc. (AIM:JSE) (“Jadestone”, or the “Company”), an independent oil and gas production company focused on the Asia Pacific region, is pleased to announce that it has executed an acquisition agreement …

TYGER WILLIAMS / Philadelphia Enquirer STAFF PHOTOGRAPHER

A Chicago company has finalized its purchase of the bankrupt Philly refinery

Philadelphia Inquirer

A year after a disastrous fire shut down the Philadelphia Energy Solutions refinery, the 1,300-acre complex was sold out of bankruptcy Friday to a Chicago developer that promises to raze the plant and rebuild the site as an

Source: Reuters

Occidental Petroleum sets deadline for bids on Wyoming, Colorado properties

Reuters


HOUSTON – Occidental Petroleum Corp has asked for bids by July 1 for properties it is selling in Wyoming and Colorado, Wyoming Governor Mark Gordon said on Wednesday.

The company has been struggling with debt taken on in last …

Empire Pipeline Acquires Gibson Terminal In Terrebonne Parish, Louisiana

Empire Pipeline Acquires Gibson Terminal In Terrebonne Parish, Louisiana

Sempra Energy Completes $2.23 Billion Divestiture Of Chilean Businesses

Sempra Energy Completes $2.23 Billion Divestiture Of Chilean Businesses

SAN DIEGOJune 24, 2020 /PRNewswire/ — Sempra Energy (NYSE: SRE) today announced that it has completed the sale of its Chilean businesses, generating approximately $2.23 billion in total cash proceeds, subject to post-closing adjustments.

June 24, 2020 - 10:46 am Acquisitions and Divestitures (A&D), Press Releases
EnergyNet has been retained by Michael E. Shelton to assist with the sale of a Salt Dome Storage Site located in Wharton County, Texas

EnergyNet has been retained by Michael E. Shelton to assist with the sale of a Salt Dome Storage Site located in Wharton County, Texas

This is a Sealed Bid offering with Bids Due 07/15/2020 at 4:00 PM CDT. Effective date of sale 07/01/2020.

 

Opportunity Highlights:

  • Executive Teaser attached
  • 2 Contiguous Tracts in the Northwest Quadrant of the Boling Salt Dome:
    • First Tract is
Chad Schumacher, general Manager at Auroa Energy Solutions: Joe Usibelli Jr. managing member of Usibelli Investments and Rob Brown president of Aurora Energy Solutions.

Alaska’s coal producer, Usibelli Mines, expands into biomass to serve Interior energy markets

Ancoragepress.com

 

Oil & Gas 360 Publishers Note: I have always had a soft spot in my heart for Alaska and have enjoyed all of my trips. This is an excellent article of a coal company morphing into a bio

CH4 Energy Six, LLC (“CH4”) has retained EnergyNet.com to market for sale its deep fee non-producing leasehold rights and optional operated working interest in 26 shallow oil and gas properties located in Reeves County, Texas

CH4 Energy Six, LLC (“CH4”) has retained EnergyNet.com to market for sale its deep fee non-producing leasehold rights and optional operated working interest in 26 shallow oil and gas properties located in Reeves County, Texas

Investment Highlights

 Net Fee Non-Producing Leasehold:

  • 1,317.347812 Net Fee Non-Producing Leasehold Acres – Deep Rights Only
  • 3 Offset Rigs
  • 251 Offset Permits
    • 108 Active | 11 Drilled | 64 Drilling/DUC | 5 Completed | 63 Permitted
  • 497 Active Offset Producers
Brazil: Petrobras releases E&P teaser of assets in the state of Alagoas

Brazil: Petrobras releases E&P teaser of assets in the state of Alagoas

Energy-pedia


Petrobras has started the opportunity disclosure stage (teaser), referring to the sale of its entire stake in a set of seven onshore and shallow water concessions located in the state of Alagoas.

The teaser, which includes key information about …

Paleo Completes Acquisition of Oil and Gas Fintech Platform, EF Resources, Inc. and Announces Changes to the Board and Management

Paleo Completes Acquisition of Oil and Gas Fintech Platform, EF Resources, Inc. and Announces Changes to the Board and Management

CALGARY, Alberta, June 16, 2020 (GLOBE NEWSWIRE) — Paleo Resources, Inc. (“Paleo” or the “Corporation”) (TSX-V: PRE, OTCQB: PRIEF) announced today that, further to its news release dated December 23, 2019, it has completed the acquisition (the “Acquisition”) of EF …

Saudi Aramco completes SABIC acquisition

Saudi Aramco completes SABIC acquisition

Oil & Gas 


The national oil company purchased 2.1 billion shares of SABIC

Saudi Aramco has completed its acquisition of Saudi chemicals giant SABIC, Reuters reported. The national oil company purchased 2.1 billion shares (70%) of SABIC on Sunday,

Energy New England Acquires Utility Services Inc. to Add Major NERC Program Advisory Capabilities

Energy New England LLC (ENE), the largest wholesale risk management and energy trading organization serving the needs of municipal utilities in the northeastern U.S., has acquired Utility Services Inc. (USI), a leading international services organization assisting energy companies with electric …

EnergyNet has been retained by Kolding Oil & Gas, LLC to offer for sale their 21 Well Package

EnergyNet has been retained by Kolding Oil & Gas, LLC to offer for sale their 21 Well Package

Kolding Oil & Gas, LLC

Carter, Garvin and Grady Counties, Oklahoma

EnergyNet has been retained by Kolding Oil & Gas, LLC to offer for sale their 21 Well Package (Non-Operated WI) located in Carter, Garvin and Grady Counties, Oklahoma.

Opportunity

Chevron U.S.A. Inc. and Union Oil Company of California has retained EnergyNet Indigo as exclusive transaction and technical advisor for an acquisition opportunity located in Van Zandt County, Texas

Chevron U.S.A. Inc. and Union Oil Company of California has retained EnergyNet Indigo as exclusive transaction and technical advisor for an acquisition opportunity located in Van Zandt County, Texas

 

Chevron U.S.A. Inc. and Union Oil Company of California has retained EnergyNet Indigo as exclusive transaction and technical advisor to facilitate the sale of its Operations, Non-Operated WI, HBP Leasehold & Mineral Fee Van Field Opportunity Asset Acquisition Opportunity
EnergyNet has been retained by Mainline Midstream LLC to offer for sale their ~1,100 Miles of Pipeline Interest

EnergyNet has been retained by Mainline Midstream LLC to offer for sale their ~1,100 Miles of Pipeline Interest

Various Counties, Oklahoma

EnergyNet has been retained by Mainline Midstream LLC to offer for sale their ~1,100 Miles of Pipeline Interest located in Various Counties, Oklahoma.


Opportunity Highlights:

  • Approximately 1,100 Miles of Inactive Gathering Pipeline Ranging From 2″ to
EnerVest Energy Institutional Fund XII-WIB, L.P. et al

EnerVest Energy Institutional Fund XII-WIB, L.P. et al

Various Counties in Ohio and Pennsylvania

EnergyNet has been retained by EnerVest Energy Institutional Fund XII-WIB, L.P. et al to offer for sale their Leasehold and Mineral Acreage plus 18 Well Package (Non-Operated WI and ORRI) located in Various Counties

Ridgewood Infrastructure and Savage Joint Venture Acquire Carolina Marine Terminal

EnergyNet has been retained by Mainline Midstream LLC to offer for sale their ~1,100 Miles of Pipeline Interest located in Various Counties, Oklahoma.

Source: EQT

EQT Announces closing of asset sale and strategic volume curtailment

360 News Wire


PITTSBURGH, May 26, 2020 /PRNewswire/ — EQT Corporation (NYSE: EQT) today announced that it has closed a transaction to sell certain non-strategic assets and implemented a strategic volume curtailment program.

Asset Sale:
EQT has closed a transaction …

Merit Management Partners IV, L.P., et al

Merit Management Partners IV, L.P., et al

Dewey, Ellis, Roger Mills and Woodward Counties, Oklahoma

EnergyNet has been retained by Merit Management Partners IV, L.P., et al to offer for sale their 190 Well Package (Operations, Non-Operated WI & ORRI) plus Development Potential on HBP Leasehold Acreage

Victerra Energy, LLC et al

Victerra Energy, LLC et al

Permian Basin/Wolfcamp Shale Opportunity

10 Well Package (Operations) and 3-SWD Wells plus Leasehold Acreage (7,651.62 Net Acres)

Reeves County, Texas


Opportunity Highlights:

  • 100.00% to 62.50% WI / 75.21% to 73.01% NRI in 13 Wells
  • 6-Month Average Net Production: 8,270
EnerVest Energy Institutional Co-Investment XII-1A, L.P.

EnerVest Energy Institutional Co-Investment XII-1A, L.P.

Denton, Henderson, Hood, Johnson, Montague, Parker, Tarrant and Wise Counties, Texas

EnergyNet has been retained by EnerVest Energy Institutional Co-Investment XII-1A, L.P. to offer for sale their 593 Well Package (Non-Operated WI, ORRI and RI) plus ~1,800.00 Net Leasehold Acres

Cimarron Energy acquires Aereon

Cimarron Energy acquires Aereon

MRT


With the spotlight continuing to shine on natural gas flaring and emissions, a global emissions control business is utilizing consolidation to boost its footprint. And that will benefit its Midland facility.

Cimarron Energy, which last year acquired Midland’s Hy-Bon …

Apergy to Host Fireside Chat Conference Call

Apergy to Host Fireside Chat Conference Call

Apergy to Host Fireside Chat Conference Call

Lotus and Centrica Agree Partnership to Redesign Electric Vehicle Ownership

Lotus and Centrica Agree Partnership to Redesign Electric Vehicle Ownership

LONDONMay 11, 2020 /PRNewswire/ — Centrica plc, the parent company of British Gas, and British motor manufacturer Lotus are working together to develop a new model for electric vehicle ownership that fully integrates future mobility and energy.

Talos Energy Announces First Quarter 2020 Financial And Operational Results As Well As Updated 2020 Guidance

Talos Energy Announces First Quarter 2020 Financial And Operational Results As Well As Updated 2020 Guidance

HOUSTONMay 7, 2020 /PRNewswire/ — Talos Energy Inc. (“Talos,” or the “Company”) (NYSE: TALO) today announced its financial and operational results for the first quarter of 2020, provided an operations update and updated its 2020 guidance.

EnergyNet has been retained by XTO Energy Inc., an ExxonMobil Subsidiary, as the exclusive advisor to assist with the transaction of certain oil and gas properties

EnergyNet has been retained by XTO Energy Inc., an ExxonMobil Subsidiary, as the exclusive advisor to assist with the transaction of certain oil and gas properties

EnergyNet has been retained by XTO Energy Inc., an ExxonMobil Subsidiary, as the exclusive advisor to assist with the transaction of certain oil and gas properties located in Brazos, Burleson, Fayette, Grimes, Lee and Washington Counties Texas. This is …

Shell Sells U.S. Appalachia Assets to National Fuel

Shell Sells U.S. Appalachia Assets to National Fuel

The consideration is intended to be paid in cash, but National Fuel has the option to provide up to $150 million of NFG common stock as consideration. The transaction is part of divesting non-core assets and in line with Shell’s …

Pure Acquisition Corp. Announces Business Combination Transaction

Pure Acquisition Corp. Announces Business Combination Transaction

FORT WORTH, Texas, May 04, 2020 (GLOBE NEWSWIRE) — Pure Acquisition Corp. (“Pure”) (NASDAQ: PACQ, PACQU, PACQW), an oil and gas exploration and production focused special purpose acquisition entity, today announced that it has entered into a Business Combination Agreement …

EnergyNet Indigo – SCOOP / STACK Opportunity 308 Well Package (ORRI, RI and Non-Operated WI) plus Leasehold and Minerals

EnergyNet Indigo – SCOOP / STACK Opportunity 308 Well Package (ORRI, RI and Non-Operated WI) plus Leasehold and Minerals

SCOOP / STACK Opportunity
308 Well Package (ORRI, RI and Non-Operated WI) plus Leasehold and Minerals
Blaine, Canadian, Grady, Kingfisher and McClain Counties, Oklahoma
Undisclosed Seller
Opportunity Highlights:

  • 11,756.28 Net ORRI Acres
  • 1,230.39 Net Mineral Acres
  • 646.14 Net Leasehold Acres
EnergyNet has been retained by Caddo Minerals Inc. to offer for sale their 8 Well Package (Producing MI/RI) located in Burleson County, Texas

EnergyNet has been retained by Caddo Minerals Inc. to offer for sale their 8 Well Package (Producing MI/RI) located in Burleson County, Texas

Caddo Minerals Inc.

Burleson County, Texas

EnergyNet has been retained by Caddo Minerals Inc. to offer for sale their 8 Well Package (Producing MI/RI) located in Burleson County, Texas.

Opportunity Highlights:

  • Royalty Interest (Producing Minerals) in 8 Producing Wells: