Houston’s Carrizo Oil & Gas, Inc. (Nasdaq: CRZO) said Tuesday it will acquire Delaware Basin properties from Devon Energy Corporation (NYSE: DVN) for $215 million in cash.
Carrizo said it will fund …
NuVista Energy Ltd. (“NuVista” or the “Company”) (TSX: NVA) is pleased to announce that it has entered into an agreement to acquire Cenovus Pipestone Partnership which holds assets in the Pipestone area of Northwest Alberta (the “Acquired Business”) for $625 …
Diamondback Energy (ticker: FANG) announced second quarter results today, showing net income of $219 million, or $2.22 per share.
Diamondback produced 112.6 MBOEPD in Q2, up 10% sequentially and 46% year-over-year. The company is increasing production …
LINN Energy, Inc. (OTCQB: LNGG) completed the spin-off of Riviera Resources, Inc., leaving Riviera as now an independent reporting company trading on the OTC Market under the ticker symbol “RVRA.”
LINN stockholders who held LINN common stock on August 3, …
Cenovus reaches agreement to sell Pipestone business for $625 million
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Chesapeake Energy (ticker: CHK) announced a major divestiture last week, selling its Utica assets in a $2 billion transaction.
Chesapeake will sell all of its acreage in Ohio to privately-backed Encino Acquisition Partners …
BHP (ticker: BHP) has finally found a buyer for its U.S. shale assets, as the company today announced BP (ticker: BP) will purchase most onshore U.S. properties. BP will pay $10.5 billion for BHP’s …
After a slow quarter, Appalachian M&A activity closed out Q2 with large deals today, with a combined value of $2.1 billion.
EQT (ticker: EQT) announced the sale of its large Huron assets …
Less than two years after General Electric (ticker: GE) announced it would acquire Baker Hughes, GE has changed its mind, and will divest the company. This came in an announcement today in …
Oasis Petroleum (ticker: OAS) continued its portfolio shift today, selling properties in the Williston Basin in two transactions.
Oasis has agreed to sell its Foreman Butte position and some non-operated assets to buyers that the company declined to disclose. In …
Shell (ticker: RDS) continued its divestiture program today, selling assets in the North Sea and Malaysia for a combined $1.3 billion.
Shell is simplifying its position in the North Sea, selling its interests in two …
Pioneer Natural Resources (ticker: PXD) continued its move toward a Permian pure-play, divesting another non-core asset today.
Pioneer will sell its Raton basin assets, located in southeastern Colorado, to privately-held Evergreen Natural Resources. The assets …
Lilis Energy Announces Strategic Transaction in the Texas Delaware Basin Through Exchange of Acreage
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Devon Energy (ticker: DVN) continued its divestiture program today with the largest deal so far, valued at $3.125 billion.
Devon will sell its interest in EnLink Midstream (ticker: ENLC) to privately held Global Infrastructure …
In February 2018, Catherine McKenna, the federal Minister of Environment and Climate Change, introduced Bill C-69. The bill …
Houston-based Gulf of Mexico producer Talos Energy Inc. (ticker: TALO) outlined the company’s strategy today in a new update.
The company projects 2018 pro forma production sales volumes of 18 – 19.5 MMBOE, or an average daily production 49 – …
Vermilion Energy Inc. (ticker: VET) closed the acquisition of Spartan Energy Corp. for a total consideration of $1.40 billion, comprised of $1.23 billion in Vermilion shares plus the assumption of approximately $175 million in debt.
Vermilion acquired all of the …
From Reuters
Blame it on Trump, Iran or Venezuela. Rising oil prices combined with a heavy debt load killed the world’s biggest private equity oil and gas industry deal last week.
Harbour Energy left Australia empty-handed after a year of …
Brazos Midstream Completes Sale of Delaware Basin Subsidiaries to Morgan Stanley Infrastructure
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From Bloomberg
BP Plc and ConocoPhillips are in discussions for an asset swap deal that would see the U.K. energy …
Evolution Petroleum Corporation (ticker: EPM) will acquire certain oil and gas assets from an affiliate of Enduro Resource Partners LLC for a purchase price of $27.5 million. Evolution intends to fund the closing of this transaction primarily with cash on …
Peru-focused E&P Sterling Resources Ltd. (ticker: SLG) has advanced the 2018 capital program at the Bretana field in Northeast Peru. Last December, the company acquired 100% working interest in the field. At the …
Shell Midstream Partners, L.P. Announces Largest Acquisition to Date
…Enbridge Inc. (ticker: ENB) said its indirect subsidiary, Enbridge (U.S.) Inc., has entered into an agreement to sell Midcoast Operating, L.P. and its subsidiaries to AL Midcoast Holdings, LLC (an affiliate of ArcLight Capital Partners, LLC) for a cash purchase …
Carrizo Oil & Gas, Inc. (ticker: CRZO) had a net income of $14.7 million, or $0.18 per share in Q1 2018. The company went above the high-end of its guidance …
Torchlight Energy Acquires Additional Delaware Basin Acreage and Announces Drilling in Its Winkler Project
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WPX Energy, Inc. (ticker: WPX) reported a net loss of $119 million, or $(0.30) per common share for the first quarter of 2018. Production for the quarter reached 102.7 MBOEPD, a 6% sequential increase over Q4 2017 and 76% higher …
Noble Energy, Inc. (ticker: NBL) started off 2018 by reporting first quarter net income of $554 million, or $1.14 per share. Adjusted net income and adjusted net income per share attributable to Noble for the quarter was $172 million, or …
Comstock Resources, Inc. Announces Closing of Eagle Ford Shale Divestiture
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