Mergers & Acquisitions

Williston-Focused Emerald Oil Rapidly Growing Production; Focused on Cost Efficiencies

Williston-Focused Emerald Oil Rapidly Growing Production; Focused on Cost Efficiencies

Emerald Oil (ticker: EOX) is an independent exploration and production operator that is dedicated to acquiring acreage and developing wells in the Williston Basin of North Dakota and Montana, targeting the Bakken and Three Forks shale oil formations. The company …

Energy XXI Now the Largest Independent Operating on the GOM Shelf with $2.3B Acquisition of EPL Oil & Gas

Energy XXI Now the Largest Independent Operating on the GOM Shelf with $2.3B Acquisition of EPL Oil & Gas

The board of directors of Energy XXI (ticker EXXI) announced on March 12, 2014, the company acquired EPL Oil & Gas (ticker: EPL) for a total consideration of $2.3 billion, consisting of about $1 billion in cash (65% of …

American Eagle Energy Increases Quarterly Production by 38%; Working Interest Continues to Rise

American Eagle Energy Increases Quarterly Production by 38%; Working Interest Continues to Rise

American Eagle Energy Corporation (ticker: AMZG) is a Williston Basin focused E&P company engaged in the exploration and production of petroleum and natural gas in North America. The company operated under the name Eternal Energy Corp. until December 2011 when …

March 5, 2014 - 4:57 pm Mergers & Acquisitions, Oil and Gas 360 Articles
Whiting Petroleum Sets Company Record for Production; Aims to Maintain Double-Digit Production Growth for Foreseeable Future

Whiting Petroleum Sets Company Record for Production; Aims to Maintain Double-Digit Production Growth for Foreseeable Future

Whiting Petroleum Corporation (ticker: WLL) is an independent oil and gas company that explores for, develops, acquires and produces crude oil, natural gas and natural gas liquids primarily in Williston Basin and Permian Basin regions of the United States. The …

Dawson Geophysical Implements Quarterly Dividend; Optimistic on 2014 Operations

Dawson Geophysical Implements Quarterly Dividend; Optimistic on 2014 Operations

Dawson Geophysical Company (ticker: DWSN) is a leading provider of U.S. onshore seismic data acquisition services in the lower 48 states of the United States. Founded in 1952, Dawson acquires and processes 2-D, 3-D and multi-component seismic data solely for …

QEP Resources Aims to Intrigue Shareholders through Divestures, Stock Buyback and Separation from Midstream Companies

QEP Resources Aims to Intrigue Shareholders through Divestures, Stock Buyback and Separation from Midstream Companies

QEP Resources, Inc. (NYSE:QEP) is a leading independent natural gas and crude oil exploration and production company focused in two major regions: the Northern Region (primarily the Rockies and the Williston Basin) and the Southern Region (primarily Oklahoma, the Texas …

February 3, 2014 - 3:57 pm Mergers & Acquisitions, Midstream, Oil and Gas 360 Articles
Magellan Petroleum Aims to Capitalize on Australia’s Growing Natural Gas Market

Magellan Petroleum Aims to Capitalize on Australia’s Growing Natural Gas Market

Magellan Petroleum Corporation (ticker: MPET) is an independent oil and gas exploration and production company with assets in the United States, Australia, and the United Kingdom. The development of a CO2-enhanced oil recovery program at its Poplar Dome …

Petrobras Quarter in Review: Increase in Proved Reserves, Sub-Salt Production on the Rise

Petrobras Quarter in Review: Increase in Proved Reserves, Sub-Salt Production on the Rise

Petróleo Brasileiro S.A., or Petrobras (ticker: PBR), is the state-run oil company of Brazil and has operations in 24 countries across five continents. It is the largest producer in South America and participates in E&P, refining, trade, transportation, petrochemicals, oil …

Unit Corporation Announces 2014 Budget, Forecasts Production Growth of up to 18%

Unit Corporation (ticker: UNT) is a diversified energy company engaged through its subsidiaries in the exploration for and production of oil and natural gas, the acquisition of producing oil and natural gas properties, the contract drilling of onshore oil and …

January 14, 2014 - 5:17 pm Mergers & Acquisitions, Midstream, Oil and Gas 360 Articles
Energy XXI Bumps up Production Rates in Q2’14, Ramps up Activity in the West Delta

Energy XXI Bumps up Production Rates in Q2’14, Ramps up Activity in the West Delta

Energy XXI (ticker: EXXI) is an independent oil and natural gas exploration and production company whose growth strategy emphasizes acquisitions, enhanced by its value-added organic drilling program. The company has implemented an “acquire and exploit” growth strategy to build a …

January 14, 2014 - 5:09 pm Mergers & Acquisitions, Offshore, Oil and Gas 360 Articles
CAMAC Energy Bolsters Fleet with FPSO Vessel, Prepares to Place Two Oyo Wells Online in 2014

CAMAC Energy Bolsters Fleet with FPSO Vessel, Prepares to Place Two Oyo Wells Online in 2014

CAMAC Energy Inc. (NYSE MKT: CAK) is a U.S. based oil and gas company engaged in the exploration of offshore oil and gas leases in deep water Nigeria. The Company was founded in 2005 and has offices in Houston, Texas, …

January 8, 2014 - 3:05 pm Mergers & Acquisitions, Offshore, Oil and Gas 360 Articles

EPL Oil & Gas Adds Five Blocks to Oily Gulf of Mexico Inventory; Crude Oil Production Forecast to Grow

Founded in 1998, EPL Oil & Gas, Inc. (ticker: EPL) is an independent exploration and production company headquartered in Houston, Texas with an office in New Orleans, Louisiana. The Company’s operations are concentrated in the U.S. Gulf of Mexico shelf, …

January 6, 2014 - 5:47 pm Mergers & Acquisitions, Offshore, Oil and Gas 360 Articles
Shell, ONGC Videsh Pay $1.636 Billion to Acquire Petrobras’ Interest in Offshore Brazil Assets

Shell, ONGC Videsh Pay $1.636 Billion to Acquire Petrobras’ Interest in Offshore Brazil Assets

On December 30, 2013, Royal Dutch Shell (ticker: RDS-B) completed a $1 billion transaction with Petrobras (ticker: PBR) to acquire an additional 23% interest in the Parque das Conchas (BC-10) offshore Brazil. Its working partner, India-based ONGC Videsh, also increased …

2013 in Review: Horizontal Drilling & Increased Efficiency Paces Historic Year for the United States

2013 in Review: Horizontal Drilling & Increased Efficiency Paces Historic Year for the United States

2013 is winding to a close, and the United States oil and gas industry will cement the year as one of the most productive in history. In October, the Energy Information Association predicted the U.S. will surpass Russia as the …

Magnum Hunter Resources Updates Appalachia Production, Midstream Business Progressing

Magnum Hunter Resources (ticker: MHR) is an oil and natural gas exploration and production company active in three shale resource plays in North America: the Marcellus Shale, Utica Shale and the Williston Basin/Bakken Shale. The company’s growth platform is supported …

December 23, 2013 - 4:15 pm Mergers & Acquisitions, Midstream, Oil and Gas 360 Articles
Saratoga Resources GOM Reserves Estimate Sets the Stage for 2014

Saratoga Resources GOM Reserves Estimate Sets the Stage for 2014

Saratoga Resources Inc. (ticker: SARA) is an oil and gas exploration and production company concentrating on abundant, low-risk drilling opportunities located in the transition zone off the coast of Louisiana. In some places, including the company’s Grand Bay field, approximately …

December 19, 2013 - 12:44 pm Mergers & Acquisitions, Oil and Gas 360 Articles
Penn Virginia Asset Sales Continue; Proceeds from Midstream Sale Help Fund 2014 Growth Initiatives

Penn Virginia Asset Sales Continue; Proceeds from Midstream Sale Help Fund 2014 Growth Initiatives

Penn Virginia Corporation (ticker: PVA) is an independent oil and gas company engaged primarily in the development, exploration and production of oil and natural gas in various domestic onshore regions, including Texas, Oklahoma, Mississippi and Pennsylvania – however, the company …

December 17, 2013 - 2:24 pm Mergers & Acquisitions, Midstream, Oil and Gas 360 Articles

Miller Energy’s New Wells and North Fork Acquisition Ramps Up Alaska Production

Miller Energy Resources, Inc. (ticker: MILL) is an oil and natural gas exploration, production and drilling company operating in multiple exploration and production basins in North America. Miller’s focus is in Cook Inlet, Alaska and in the heart of Tennessee’s …

PDC Energy’s Wattenberg Project to Receive Bulk of $647 Million Capital Budget in 2014

PDC Energy’s Wattenberg Project to Receive Bulk of $647 Million Capital Budget in 2014

Denver-based PDC Energy (ticker: PDCE) is an independent natural gas and oil company that operates in Colorado within the liquid-rich Wattenberg Field and the Appalachian Basin including the emerging liquid-rich Utica Shale play in Ohio and the Marcellus Shale in …

December 11, 2013 - 3:20 pm Finance, Fracing, Mergers & Acquisitions, Oil and Gas 360 Articles
QEP Acquires Permian Basin Assets for $950MM; Adds 264 Drilling Locations on 26,519 Net Acres

QEP Acquires Permian Basin Assets for $950MM; Adds 264 Drilling Locations on 26,519 Net Acres

QEP Resources, Inc. (NYSE:QEP) is a leading independent natural gas and crude oil exploration and production company focused in two major regions: the Northern Region (primarily the Rockies and the Williston Basin) and the Southern Region (primarily Oklahoma, the Texas …

December 10, 2013 - 5:22 pm Mergers & Acquisitions, Midstream, Oil and Gas 360 Articles
Magellan Petroleum’s CO2 Injection Program Highlights Operations in the Williston Basin

Magellan Petroleum’s CO2 Injection Program Highlights Operations in the Williston Basin

Magellan Petroleum Corporation(ticker: MPET) is an independent oil and gas exploration and production company with assets in the US, Australia, and the UK.  The Company is primarily focused on the development of a CO2-enhanced oil recovery (CO2

December 10, 2013 - 4:33 pm Mergers & Acquisitions, Midstream, MLPs, Oil and Gas 360 Articles

CAMAC Energy Catalyst Report: Secures Rig Contract for Its Oyo Field Offshore Nigeria

CAMAC Energy Inc. (ticker: CAK) is a U.S.-based oil and gas company engaged in the exploration of offshore oil and gas leases in deep water Nigeria. The Company was founded in 2005 and has offices in Houston, Texas, Nairobi, Kenya, …

QEP Resources Separates from Midstream Business; Anticipates Boost for Shareholders

QEP Resources, Inc. (NYSE:QEP) is a leading independent natural gas and crude oil exploration and production company focused in two major regions: the Northern Region (primarily the Rockies and the Williston Basin) and the Southern Region (primarily Oklahoma, the Texas …

December 3, 2013 - 4:28 pm Mergers & Acquisitions, Midstream, Oil and Gas 360 Articles

Hess Corporation Sells Indonesian Assets for $1.3 Billion as Right-Sizing Project Continues

Hess Corporation (ticker: HES) is a leading global independent energy company engaged in the global exploration and production of crude oil and natural gas.  The company is currently shedding assets in 2013 to become a pure-play E&P company.

On December

ERHC Energy in Process of Completing Airborne Gravity Survey in its Kenya 11-A Block; Neighboring Operators Announce a Fifth Oil Discovery

ERHC Energy in Process of Completing Airborne Gravity Survey in its Kenya 11-A Block; Neighboring Operators Announce a Fifth Oil Discovery

ERHC Energy Inc. (ticker: ERHE) is a publicly traded American company with oil and gas assets in Sub-Saharan Africa. Over the last two years, ERHC has acquired exploration blocks in Chad and Kenya to complement its existing offshore blocks in …

Miller Energy Acquires Alaskan Unit; In Discussions to Construct Pipeline

Miller Energy Acquires Alaskan Unit; In Discussions to Construct Pipeline

Miller Energy Resources, Inc. (ticker: MILL) is an oil and natural gas exploration, production and drilling company operating in multiple exploration and production basins in North America. Miller’s focus is in Cook Inlet, Alaska and in the heart of Tennessee’s …

Energy XXI Upsizes Convertible Notes Offering to $350 Million; Fiscal 2014 CAPEX Program Fully Funded

Energy XXI (ticker: EXXI) is an independent oil and natural gas exploration and production company whose growth strategy emphasizes acquisitions, enhanced by its value-added organic drilling program. The company has implemented an “acquire and exploit” growth strategy to build a …

November 22, 2013 - 5:49 pm Mergers & Acquisitions, Offshore, Oil and Gas 360 Articles
Saratoga Resources Announces Plans for Newly-Acquired Gulf Properties; Lease in Little Bay Approved

Saratoga Resources Announces Plans for Newly-Acquired Gulf Properties; Lease in Little Bay Approved

Saratoga Resources Inc. (ticker: SARA) is an oil and gas exploration and production company concentrating on abundant, low-risk drilling opportunities located in the transition zone off the coast of Louisiana. In some places, including the company’s Grand Bay field, approximately …

November 22, 2013 - 5:25 pm Mergers & Acquisitions, Offshore, Oil and Gas 360 Articles

CAMAC Energy Achieves 100% Ownership in Oyo Field Blocks; Will List Stock on the JSE

CAMAC Energy Inc. (ticker: CAK) is a U.S. based oil and gas company engaged in the exploration of offshore oil and gas leases in deep water Nigeria. The Company was founded in 2005 and has offices in Houston, Texas, Nairobi, …

November 21, 2013 - 4:47 pm Mergers & Acquisitions, Oil and Gas 360 Articles
Penn Virginia: 2013 Analyst Day Highlights Value Proposition in 2014 and Beyond

Penn Virginia: 2013 Analyst Day Highlights Value Proposition in 2014 and Beyond

Penn Virginia Corporation (ticker: PVA) is an independent oil and gas company engaged primarily in the development, exploration and production of oil and natural gas in various domestic onshore regions, including Texas, Oklahoma, Mississippi and Pennsylvania – however, the company …