Acquisitions and Divestitures (A&D)

$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 …

Samson Oil & Gas Closes Foreman Butte Acquisition

Samson Oil & Gas Closes Foreman Butte Acquisition

DENVER & PERTH, Australia–(BUSINESS WIRE)–Samson Oil & Gas Limited (ASX: SSN; NYSE MKT: SSN):

Foreman Butte Transaction

Samson Oil and Gas USA, Inc. (a wholly owned subsidiary of Samson Oil and Gas Limited) has closed the transaction …

Statoil Boosts Footprint in Norwegian Continental Shelf with $540 Million Share Purchase

Statoil Boosts Footprint in Norwegian Continental Shelf with $540 Million Share Purchase

Believes peak production from the Johan Sverdrup offshore field could reach 380 MBOPD

Norway-based Statoil (ticker: STO), the largest acreage holder on the Norwegian Continental Shelf (NCS), added to its portfolio by acquiring more than 37 million shares of Lundin …

Suncor vs. Canadian Oil Sands: As Deadline Approaches, War of Words Heats Up

Suncor vs. Canadian Oil Sands: As Deadline Approaches, War of Words Heats Up

January 8 Deadline Looms in Suncor’s Hostile Takeover Attempt

Ernst & Young is one of many analyst firms expecting energy-related divestitures and stock-for-stock deals to rise in 2016, and one of the year’s first deals could involve Canadian Oil Sands …

Encana DJ Basin Sale Expected to Close 2Q 2016

Encana DJ Basin Sale Expected to Close 2Q 2016

CALGARY, AB–(Marketwired – December 21, 2015) – (TSX: ECA) (NYSE: ECA)

Encana Corporation announced today that its wholly-owned subsidiary, Encana Oil & Gas (USA) Inc., expects the previously announced sale of its DJ Basin assets to Crestone