Acquisitions and Divestitures (A&D)

Noble Adds Bolt-On Acreage in Delaware Basin

Noble Adds Bolt-On Acreage in Delaware Basin

Transaction Expected to Simplify Long-term Development in Basin

Noble Energy (ticker: NBL) recently announced the closing of a bolt-on acquisition of 7,200 net acres and 2,400 BOEPD of net production in Reeves County, TX. The transaction was announced at the …

Bellatrix Sells Non-Core Harmattan Assets for $80 Million

Bellatrix Sells Non-Core Harmattan Assets for $80 Million

Western Canadian Producer Sells Acreage to Focus on Spirit River

Bellatrix Exploration (ticker: BXE) has announced that it will sell certain non-core assets in the greater Harmattan area of Alberta for $80 million. The deal will close at year-end.

The …

Resource Energy Can-Am Completes $75 Million Purchase of Samson Resources’ Williston Basin Assets

Resource Energy Can-Am Completes $75 Million Purchase of Samson Resources’ Williston Basin Assets

Resource Energy’s footprint grows to 6,500 BOEPD gross operated production

Resource Energy Can-Am LLC, a Denver-based oil and gas company that is backed by funds of Apollo Global Management, announced it had closed on the purchase of the North Dakota …

Samson Oil & Gas Closes North Stockyard Asset Sale

Samson Oil & Gas Closes North Stockyard Asset Sale

Samson Oil & Gas Limited (ticker: SSN) has sold its interest in the North Stockyard field for $15 million. The transaction closed on Friday after Samson received the balance of $13.95 million of the purchase price.

In an announcement Samson …

Is Wind Giant DONG Energy Selling its Oil & Gas Segment, or Not?

Is Wind Giant DONG Energy Selling its Oil & Gas Segment, or Not?

DONG says oil & gas segment is “not considered a long-term strategic commitment” – DONG engages J.P. Morgan to conduct a market assessment

Denmark-based wind energy developer DONG Energy (ticker: DENERG) successfully launched Europe’s biggest 2016 IPO in June. Besides …

EQT Beefs up its Core Marcellus Acreage and will Acquire Trans Energy

EQT Beefs up its Core Marcellus Acreage and will Acquire Trans Energy

$683 million Bolt-on Acquisition adds 59,600 net acres in Wet Gas Window

EQT Corporation (ticker: EQT), announced that it would acquire 59,600 net acres and 44 MMcfe of natural gas production in two related transactions in the core Marcellus. Both …

Anadarko to Buy All of Freeport McMoRan’s Gulf of Mexico Deepwater Assets for $2 Billion

Anadarko to Buy All of Freeport McMoRan’s Gulf of Mexico Deepwater Assets for $2 Billion

Anadarko Deepwater GOM cash flow will fund Delaware, DJ growth

In exchange for production of 80,000 net barrels of oil equivalent per day (BOEPD), Anadarko Petroleum (ticker: APC) will give Freeport McMoRan Oil & Gas Company (ticker: FCX) $2 billon …

Royal Dutch Shell Divests GOM Assets

Royal Dutch Shell Divests GOM Assets

In exchange for $425 million in cash, Royal Dutch Shell (ticker: RDS) has sold off the company’s stake in assets held in the Gulf of Mexico, the transaction is expected to close in October. The sale agreement bodes well for …

Newfield Exits Texas, High-Grades to the STACK

Newfield Exits Texas, High-Grades to the STACK

On August 3, 2016, Newfield Exploration (ticker: NFX) announced the signing of two separate purchase and sale agreements to divest all of its assets in the Maverick Basin of Texas for $390 million.

The transaction is expected to close in …

Seven Generations will Expand Kakwa River Project With $1.9 Billion Montney Bolt-on

Seven Generations will Expand Kakwa River Project With $1.9 Billion Montney Bolt-on

CALGARY, ALBERTA–(Marketwired – July 6, 2016)

  • 7G launches concurrent $650 million bought deal common share offering of subscription receipts to partially fund acquisition
  • Bolt-on acquisition to expand 7G’s prolific Nest lands and proved reserves by 47 percent
  • Transaction adds 155
Encana, CPP, Broe $900 Million DJ Asset Deal Comes Up for Air

Encana, CPP, Broe $900 Million DJ Asset Deal Comes Up for Air

Encana, Crestone, Canadian Pension Plan, Broe Say Sale of Encana’s DJ Basin Assets will Close by the End of July 

In a jointly-sourced news release dated June 30, 2016, Encana Corporation (ticker: ECA), Crestone Peak Resources, which is 95 percent …

Noble Energy Sells Three Percent Interest in Tamar Field, Offshore Israel, for $369 Million

Noble Energy Sells Three Percent Interest in Tamar Field, Offshore Israel, for $369 Million

Spartan Energy Corp. Announces Two Consolidating Southeast Saskatchewan Light Oil Acquisitions and Bank Line Redetermination

Spartan Energy Corp. Announces Two Consolidating Southeast Saskatchewan Light Oil Acquisitions and Bank Line Redetermination

CALGARY, ALBERTA–(Marketwired – June 29, 2016) – Spartan Energy Corp. (“Spartan” or the “Company”) (TSX:SPE) is pleased to announce that it has entered into definitive agreements to acquire an aggregate of 1,650 boe/d (99% oil) of light oil production in …

MDU Resources Subsidiary Sells Dakota Prairie Refining to Tesoro

BISMARCK, ND–(Marketwired – June 28, 2016) – MDU Resources Group, Inc. (NYSE: MDU) announced today that its subsidiary, WBI Energy, Inc., has sold Dakota Prairie Refining LLC to Tesoro Refining & Marketing Company LLC, an affiliate of Tesoro …

Kinder Morgan Sells 50% Equity Interest in Utopia Pipeline Project to Riverstone Investment Group

Kinder Morgan Sells 50% Equity Interest in Utopia Pipeline Project to Riverstone Investment Group

Xtreme Drilling and Coil Services Corp. Announces Completion of Sale of XSR Coiled Tubing Services Assets to Schlumberger for C$205 Million

Xtreme Drilling and Coil Services Corp. Announces Completion of Sale of XSR Coiled Tubing Services Assets to Schlumberger for C$205 Million

CALGARY, ALBERTA–(Marketwired – June 23, 2016) – Xtreme Drilling and Coil Services Corp. (TSX:XDC) (“Xtreme” or the “Company”) is pleased to announce that the previously announced sale of its XSR coiled tubing drilling and coiled tubing assets to Schlumberger for …

Condor Petroleum, Inc. to Sell Producing Non-Operated Bakken / Three Forks and Other Operated North Dakota Properties

Condor Petroleum, Inc. to Sell Producing Non-Operated Bakken / Three Forks and Other Operated North Dakota Properties

‘The Ship has been Righted’: Suttles Praised for Encana’s $10B Divestitures

‘The Ship has been Righted’: Suttles Praised for Encana’s $10B Divestitures

From BNN

Three years into his tenure as CEO of Encana, Doug Suttles is still cleaning up the mess he was handed in 2013.

The Calgary-based energy producer sold some of its property in northeastern Alberta on Tuesday to Birchcliff …

Memorial Production Partners LP Announces Sale of Non-Core Properties in the Permian and Rockies

Memorial Production Partners LP Announces Sale of Non-Core Properties in the Permian and Rockies

Memorial Production Partners LP Announces Sale of Non-Core Properties in the Permian and Rockies

Devon Energy Monetizes Assets, Raises CapEx and Production Guidance

Devon Energy Monetizes Assets, Raises CapEx and Production Guidance

Pioneer Natural Resources Acquires Midland Basin Acreage with $827 Million Secondary Offering

Devon Energy Corp. has been piling up the assets sales so far in 2016, announcing on June 15, 2016, the most recent divestiture of assets in the Midland …

Bellatrix Announces Asset Acquisition and Credit Facility Update

Bellatrix Announces Asset Acquisition and Credit Facility Update

CALGARY, June 16, 2016 /PRNewswire/ – Bellatrix Exploration Ltd. (“Bellatrix” or the “Company”) (TSX, NYSE: BXE) is pleased to announce the acquisition of highly complementary producing assets in its west central Alberta core Ferrier area, and provide an update on …

PDC Energy and Noble Energy Announce Strategic Acreage Trade in the Core Wattenberg Field

PDC Energy and Noble Energy Announce Strategic Acreage Trade in the Core Wattenberg Field

DENVER, June 16, 2016 (GLOBE NEWSWIRE) — PDC Energy, Inc. (“PDC” or the “Company”) (Nasdaq:PDCE) today announced that it has entered into definitive agreements (collectively, the “Agreements”) with Noble Energy, Inc. and certain affiliates (“Noble”) (NYSE:NBL) to consolidate certain acreage …

How Well Do You Know the Oil Company’s Reserves You’re Financing?

How Well Do You Know the Oil Company’s Reserves You’re Financing?

Bankers/Analysts/Money Managers: Netherland Sewell is Hosting Seminars in London, Singapore in June, July

Last week Netherland, Sewell & Associates (NSAI), the half a century-old Dallas-based petroleum engineering and geological consulting firm, held its Oil and Gas Property Evaluation Seminar in …

Citadel to Acquire Natural Gas Transportation Capacity from WPX Energy

CHICAGO, May 25, 2016 /PRNewswire/ — Citadel, a global investment firm, today announced that it has agreed to acquire a portfolio of natural gas pipeline transportation capacity through 2032 in the Western U.S. from WPX Energy.  The acquisition is expected …

$6-Billion Thai Company Acquires 156 BCF of Marcellus Reserves from Range Resources

Kalnin Ventures Announces Closing of Marcellus Asset Acquisition for Banpu Pcl

Pays $112 Million for Range’s 29.4% stake in Chaffee Corners JEA

Repsol and Abarta Energy own the remaining interest in the exploration area

BROOMFIELD, CO–(Marketwired – May 23, …

Vantage Energy Wins Alpha Natural Resources’ NatGas Assets with $339.5 Million Cash Bid

Vantage Energy Wins Alpha Natural Resources’ NatGas Assets with $339.5 Million Cash Bid

Next Best Bid Behind Vantage was $335 Million; Bids Exceed Rice Energy’s “Stalking Horse” Offer of $200 Million

Bankrupt coal giant Alpha Natural Resources (ticker: ANRZQ) announced today that Colorado-based privately held gas producer Vantage Energy was the successful bidder …

Tanos Energy Acquires Assets From Both ConocoPhillips and Fidelity, $500 Million Capital Commitments From Quantum Energy Partners

TYLER, TX –(Marketwired – May 12, 2016) – Tanos Energy (“Tanos” or the “Company”), a private energy company focused on acquisitions and horizontal development in the Ark-La-Tex region, announced today that it has recently closed on the acquisition …

Synergy and Noble Announce a $500 Million Wattenberg Deal this Week

Synergy and Noble Announce a $500 Million Wattenberg Deal this Week

The Colorado Supreme Court ruling against cities issuing frac bans must have caused sweet dreams for E&P operators all over the Wattenberg field in northern Colorado, where two municipalities had attempted to stop hydraulic fracturing. Before the ink could dry …

$500 Million STACK Sale to Newfield Bumps Chesapeake to $1.2 Billion in Proceeds from Divestitures in 2016

$500 Million STACK Sale to Newfield Bumps Chesapeake to $1.2 Billion in Proceeds from Divestitures in 2016

Chesapeake Reports Q1 2016

Chesapeake Energy Corporation (ticker: CHK) reported its Q1 financial and operational results. Highlights follow:

  • Signed agreement to sell approximately 42,000 net acres prospective for the STACK play in Oklahoma for approximately $470 million; includes current production
EQT Snaps Up $407 Million of Statoil’s Marcellus Core Acreage

EQT Snaps Up $407 Million of Statoil’s Marcellus Core Acreage

Acquisition adds 500 undeveloped locations expected to have average laterals of 5,600 feet; Opens deep Utica opportunity; Resource Potential of the new acreage is estimated at 9.2 Tcf of Natural Gas

EQT Corporation (ticker: EQT) announced it will acquire …