Acquisitions and Divestitures (A&D)

Source: CSV Midstream Solutions

Paramount Resources Closes Sale of Karr 6-18 Nat Gas Facility

By Tyler Losier, Energy Reporter, Oil & Gas 360

Paramount Resources completes divestiture of its Karr 6-18 facility to CSV Midstream Solutions
Paramount Resources Limited, a liquids-focused independent E&P based in Calgary, has completed the sale of its Karr 6-18

Photo by Mike Goldwater"

UGI Subsidiary Closes on Columbia Midstream Deal

By Tyler Losier, Energy Reporter, Oil & Gas 360

UGI Energy Services completes acquisition of TC Energy subsidiary Columbia Midstream
UGI Energy Services LLC, a subsidiary of UGI Corporation (stock ticker: UGI), has completed its previously announced acquisition of the

Source: Royal Dutch Shell

Shell Invests in New Deep-Water Gulf of Mexico Project, Sells Assets to Equinor and Noreco

By Tyler Losier, Energy Reporter, Oil & Gas 360

Shell Offshore Inc. makes final investment decision for PowerNap deep-water project in U.S. Gulf
Shell Offshore Inc., a subsidiary of Royal Dutch Shell plc (stock ticker: RDS-A, RDS-B), has reached a

Toronto's Portlands Energy Centre (source: CNW Group/Ontario Power Generation Inc.)

TC Energy to Sell Ontario Natural Gas-Fired Power Plants for US $2.18 Billion

By Tyler Losier, Energy Reporter, Oil & Gas 360

TC Energy to sell three natural gas-fired power plants to Ontario Power Generation subsidiary for USD $2.18 billion
TC Energy Corporation (stock ticker: TRP), an energy infrastructure company based out of

Source: Lagoon Water Solutions

Continental Resources Divests STACK Water Handling Facility

By Tyler Losier, Energy Reporter, Oil & Gas 360

Continental Resources sells STACK water handling facility to Lagoon Water Solutions for $85 million
Continental Resources (stock ticker: CLR), an Oklahoma City-based independent E&P, is selling its eastern STACK water gathering

Harvest Oil & Gas Divests Barnett Shale

Harvest Oil & Gas Divests Barnett Shale

By Tyler Losier, Energy Reporter, Oil & Gas 360

Harvest Oil & Gas sells Barnett shale assets for $72 million
Harvest Oil & Gas Corporation (stock ticker: HRST), formerly EV Energy Partners L.P., has entered into a definitive agreement with

Qatar Petroleum Buys Stake in Total’s Guyana Assets

Qatar Petroleum Buys Stake in Total’s Guyana Assets

From Reuters


Qatar Petroleum said on Monday it had agreed a deal with Total (TOTF.PA) to acquire a stake in the French energy giant’s two oil and gas blocks offshore Guyana.

Qatar Petroleum said it will hold 40% …

Source: Lime Rock Resources

Buyer Revealed in Range’s $634 Million Appalachian Asset Sale

By Tyler Losier, Energy Reporter, Oil & Gas 360

Lime Rock Resources purchases 350,000 net surface acres of overriding royalty interests from Range Resources Corporation

Lime Rock Resources, the E&P arm of private equity firm Lime Rock Partners, has closed

Source: Wintershall Dea

Wintershall Partners with ConocoPhillips in Argentina’s Vaca Muerta

By Tyler Losier, Energy Reporter, Oil & Gas 360

German E&P Wintershall Dea teams up with ConocoPhillips to develop Argentina’s Neuquén Basin
Wintershall Dea, a German-based E&P with a global asset portfolio, has signed a sales and purchase agreement (SPA)

Cuda Oil and Gas Divests Quebec for US $8.05 Million

Cuda Oil and Gas Divests Quebec for US $8.05 Million

By Tyler Losier, Energy Reporter, Oil & Gas 360

Cuda Oil and Gas to sell all of its Quebec assets for a transaction value of US $8.05 Million
Cuda Oil and Gas Inc. (stock ticker: CUDA), a Calgary-based E&P with

Range Sells Appalachian Assets for $634 Million

Range Sells Appalachian Assets for $634 Million

By Tyler Losier, Energy Reporter, Oil & Gas 360

Range sells royalties in 350,000 net surface acres for $600 million, 20,000 non-producing acres for $34 million
Range Resources Corporation (stock ticker: RRC), a Fort Worth-based independent E&P, has agreed to

Source: Sundance Energy

Sundance Energy Divests ~$30 Million Worth of Texas Assets

By Tyler Losier, Energy Reporter, Oil & Gas 360

Sundance Energy sells Dimmit county assets for $29.5 Million
Sundance Energy Australia Limited (stock ticker: SNDE), along with its wholly-owned Denver-based subsidiary Sundance Energy Inc., has entered into a definitive agreement

Murphy Oil Divests Malaysia for $2 Billion, Executes $300 Million Share Repurchase Program

Murphy Oil Divests Malaysia for $2 Billion, Executes $300 Million Share Repurchase Program

Murphy Oil Corporation Announces Close of Malaysia Portfolio, Executes $300 Million Share Repurchase Program

Source: Equinor

Equinor Trades Up to Boost Interest in Johan Sverdrup Field

By Tyler Losier, Energy Reporter, Oil & Gas 360

Equinor swaps 16% stake in Lundin for $1.5 billion, buys 2.6% stake in Johan Sverdrup field on Norwegian continental shelf for $910 million
Norwegian supermajor Equinor ASA (stock ticker: EQNR) has

Source: Encana

Encana Moving $165 Million Cash from Divestiture to its Balance Sheet

By Tyler Losier, Energy Reporter, Oil & Gas 360

Encana sells Newfield Arkoma Basin natural gas assets
Encana Corporation (stock ticker: ECA), a Canadian-based company with unconventional assets in multiple North American basins, has agreed to sell its natural gas

TransCanada acquired several natural gas assets in the United States, including the Hickory Bend Gathering System and Cryogenic Processing Plant, in Ohio, as part of the Columbia Pipeline Group acquisition in 2016.

TC Energy Unloads Columbia Midstream for $1.3 Billion

By Tyler Losier, Energy Reporter, Oil & Gas 360

UGI subsidiary to acquire Columbia Midstream from TC Energy subsidiary
UGI Corporation (stock ticker: UGI) subsidiary UGI Energy Services has signed a definitive agreement to acquire the equity interests of Columbia

NGL Energy Partners Closes with Mesquite, Announces Multiple Investments

NGL Energy Partners Closes with Mesquite, Announces Multiple Investments

NGL Energy Partners LP Closes Combination with Mesquite and Announces Investment from EIG and FS Energy and Power Fund

Source: Cardinal Gas Storage Partners

Martin Midstream Partners Completes Sale of Storage Assets

Martin Midstream Partners L.P. Completes Sale of Natural Gas Storage Assets

Marathon Oil Closes on Sale of U.K. Business

Marathon Oil Closes on Sale of U.K. Business

Marathon Oil Closes on Sale of U.K. Business

Source: W&T Offshore

W&T Offshore Enters $200 Million PSA

By Tyler Losier, Energy Reporter, Oil & Gas 360

W&T Offshore to purchase Gulf of Mexico interests from ExxonMobil for $200 million
W&T Offshore, Inc. (stock ticker: WTI), a Houston-based independent E&P, has entered into a sales and purchase agreement

Devon Closes Canada Deal 

Devon Closes Canada Deal 

By Bevo Beaven, Editor, Oil & Gas 360

Devon Energy Corp. (stock ticker: DVN) has completed the sale of its Canadian business segment to Canadian Natural Resources (stock ticker: CNQ) for CAD $3.8 billion, or US $2.8 billion.  

Devon secured

Source: Occidental Petroleum

Occidental Mulls Sale of Anadarko’s Western Stake

From Bloomberg


Adviser helping find buyer for stakes in pipeline operator, Occidental struck $38 billion agreement for Anadarko in May

Occidental Petroleum Corp. is seeking a buyer to take majority control of Western Midstream Partners LP, the pipeline operator that …

Source: Wing Resources

Alliance Resource Partners Snags 9,000 Acres in the Permian

By Tyler Losier, Energy Reporter, Oil & Gas 360

Wing Resources to sell assets for $145 million
Tulsa, Oklahoma-based Alliance Resource Partners, L.P. (stock ticker: ARLP) has entered into a definitive agreement to acquire oil and gas mineral interests in

The CD5 drill site, part of the Alpine Field, has four completed wells with plans for 11 more by early 2017.

ConocoPhillips Grabs Acreage in Alaska

By Tyler Losier, Energy Reporter, Oil & Gas 360

ConocoPhillips Alaska (stock ticker: COP) has forged an agreement with Caelus Natural Resources Alaska, a small, private E&P, to acquire 100% of Caelus’s holding in the Nuna discovery.

The land in

Source: Converge Midstream

Converge Midstream Beats Exxon, Magellan

By Tyler Losier, Energy Reporter, Oil & Gas 360

Riverstone Credit-backed company adds 6.5 million barrels of crude storage capacity
Converge Midstream LLC, a crude oil storage and transportation company backed by Riverstone Credit Partners, has completed the acquisition of

Source: Foothills Exploration

Driller to Buy 7,000 Acres in Montana

By Tyler Losier, Energy Reporter, Oil & Gas 360

87-well acquisition expected to close in Q3 2019
Foothills Exploration Inc. (stock ticker: FTXP), an independent E&P focused on assets in the Rocky Mountain region, has released an update of their

Source: Lime Rock Resources

PE Firm Acquires Assets from BP

By Tyler Losier, Energy Reporter, Oil & Gas 360

Lime Rock Resources acquires land from BP
Lime Rock Resources, a private equity firm and operator under the umbrella of Lime Rock Partners, announced today that it has signed a definitive

Williams Trades 35% Stake in Pipelines for $1.33 Billion

Williams Trades 35% Stake in Pipelines for $1.33 Billion

By Tyler Losier, Energy Reporter, Oil & Gas 360

New $3.8 Billion JV in the Marcellus/Utica
Williams (stock ticker: WMB), an energy infrastructure company headquartered in Oklahoma, completed the formation of a $3.8 billion joint venture today with the Canada

EnCap-Backed PetroLegacy Snags 20,000 Midland Acres from Pioneer

Callon Petroleum Closes $245 Million Southern Midland Basin Sale

Callon Petroleum Company Announces Closing Of Southern Midland Basin Divestiture And Updates 2019 Guidance

Source: PBF Energy

PBF Energy Snags Martinez Refinery from Shell

~$1 billion transaction to boost PBF’s production volume by 157,000 BOPD
PBF Energy Inc. (stock ticker: PBF) has signed an agreement with Equilon Enterprises LLC d/b/a Shell Oil Products US to purchase the Martinez refinery, located in Martinez, California, for