Mergers & Acquisitions

ERHC Energy Inc. Signs Letter of Intent to Farm-Out a Portion of Its Interest in Kenya Exploration Block

ERHC Energy Inc. Signs Letter of Intent to Farm-Out a Portion of Its Interest in Kenya Exploration Block

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

Progress Report: BPZ Energy Joint Venture with Pacific Rubiales in Peru

BPZ Energy (ticker: BPZ) is exploring and producing from licensed contracts covering approximately 2.2 million gross acres in four properties in northwest Peru. One short year ago, a strategic inflection point for BPZ Energy was identified by OAG360. BPZ announced

April 16, 2013 - 4:22 pm Mergers & Acquisitions, Oil and Gas 360 Articles

CAMAC Energy Inc. Announces Year End and Fourth Quarter 2012 Results and Provides Operational Update

CAMAC Energy Inc. (ticker: CAK) is a Houston-headquartered oil and natural gas company exploring the vast onshore and offshore basins of East and West Africa. Offshore Nigeria, CAK currently produces from the Oyo Oilfield on block OML 120 with additional …

Acorn Energy Inc. – Notes From the Road

EnerCom, Inc. traveled with John Moore, CEO of Acorn Energy (ticker: ACFN) to meet with investors in Dallas on April 9, 2013.

Acorn Energy, Inc. is a holding company whose four portfolio companies help customers achieve greater productivity, reliability, security, …

April 11, 2013 - 4:24 pm Mergers & Acquisitions, Oil and Gas 360 Articles
Magnum Hunter Resources Sells Eagle Ford Properties for $401 Million to Penn Virginia Corp; Deal Helps Both Companies’ Growth Plans

Magnum Hunter Resources Sells Eagle Ford Properties for $401 Million to Penn Virginia Corp; Deal Helps Both Companies’ Growth Plans

Magnum Hunter Resources (ticker: MHR) entered into a definitive agreement to sell production from 49 wells on 19,000 net mineral acres to Penn Virginia (ticker: PVA) for a total purchase price of $400 million, $361 million in cash and $40 …

April 3, 2013 - 5:39 pm Mergers & Acquisitions, Oil and Gas 360 Articles

Rosetta Resources Acquires Permian Assets from Comstock Resources

Rosetta Resources Inc. (ticker: ROSE) today announced it has entered into a definitive agreement to acquire Permian Basin assets from Comstock Resources, Inc. (ticker: CRK)  for a purchase price of approximately $768 million, subject to customary closing adjustments.

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March 15, 2013 - 3:19 pm Mergers & Acquisitions, Oil and Gas 360 Articles
Aurora Oil & Gas Limited: Pure Play Eagle Ford Producer Makes Strategic Acquisition

Aurora Oil & Gas Limited: Pure Play Eagle Ford Producer Makes Strategic Acquisition

Aurora Oil & Gas Limited (tickers: AEF and AUT) is a Perth and Houston-based oil and liquids company with operations solely in the Eagle Ford shale of South Texas. At year-end 2012, the company exited the year producing approximately 13,850 …

March 1, 2013 - 5:13 pm Mergers & Acquisitions, Oil and Gas 360 Articles

LINN Energy and LinnCo to Acquire Berry Petroleum Company for $4.3 Billion

LINN Energy, LLC (Nasdaq:LINE), LinnCo, LLC (Nasdaq:LNCO) and Berry Petroleum Company (NYSE:BRY) today announced the signing of a definitive merger agreement pursuant to which LINN and LinnCo will acquire all of Berry’s outstanding shares for total consideration of $4.3 billion, …

February 21, 2013 - 5:08 pm Mergers & Acquisitions, Oil and Gas 360 Articles

Saratoga Resources Inc: A Quick Snapshot of this Acquire and Exploit Oil and Gas Company

Saratoga Resources Inc. (ticker: SARA) concentrates 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 64 stacked pay sands exist with wells that have …

December 17, 2012 - 10:42 pm Mergers & Acquisitions, Oil and Gas 360 Articles

Acquire and Exploit Isn't All They Can Do: Energy XXI Updates Gulf of Mexico Shelf Operations; Organic Drilling Efforts Help EXXI Hit Production Goals

During the last six years, Energy XXI (NASDAQ:EXXI) has completed five major acquisitions, making EXXI the third largest producer on the Gulf of Mexico shelf. The company’s historic core strategy is to acquire and exploit producing oil properties; however, more …

February 27, 2012 - 3:25 pm Mergers & Acquisitions, Offshore, Oil and Gas 360 Articles