Mergers, Acquisitions & Divestitures Archives

Another Major Targets the Utica Shale; BP Agrees to Lease 84,000 acres in Ohio

March 27, 2012

BP (NYSE: BP) announced an agreement to lease approximately 84,000 acres in northeast Ohio targeting the Utica/Point Pleasant shale formation from the Associated Landowners of the Ohio Valley (ALOV). The ALOV is a local Ohio group representing area mineral owners. The 84,000 acres are located in Trumbull County, Ohio. BP reported in the news release terms of the agreement, to

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

February 27, 2012

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 recently, EXXI has been unlocking additional production value and reserve growth through its organic drilling programs. Today, EXXI reported four

Mergers, Acquisitions & Divestitures

Another Major Targets the Utica Shale; BP Agrees to Lease 84,000 acres in Ohio

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

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