Post Tagged with: "acquisition"

Proppant Company to Increase Capacity to 1 MM Tons by Mid-Year

Proppant Company to Increase Capacity to 1 MM Tons by Mid-Year

Select Sands delivered proppant by barge starting in Q4

Select Sands Corp. (ticker: SNS) reported full-year revenues of $15.1 million, with a gross profit of $2.9 million. However, the company had a full-year net loss of $1.6 million, or $(0.02) …

April 11, 2018 - 3:51 pm Closing Bell Story‎, Fracing, Oil and Gas 360 Articles
ConocoPhillips Doubles Down in British Columbia’s Montney with 35,000-Acre Acquisition

ConocoPhillips Doubles Down in British Columbia’s Montney with 35,000-Acre Acquisition

Oil and gas investment in politically risky British Columbia

Just a few days before Kinder Morgan Canada said it would halt investment and construction on the Trans Mountain pipeline expansion due to political risk in British Columbia, ConocoPhillips (ticker: COP) …

Icahn at it Again

Icahn at it Again

Last week Carl Icahn gave Sandridge Energy Inc. (ticker: SD) another poke as he suggested an all-cash offer for the company with a major catch – he wants to decide who goes on the company’s board of directors.

Bloomberg reported

Photo: Oil & Gas 360 - Permian - Delaware Basin Action Virtually Nonstop Since Oct. 1

SandRidge Rejects Midstates’ Proposal

SandRidge Energy, Inc. (ticker: SD) said that its board of directors, after careful consideration and a detailed technical and financial review, has rejected Midstates Petroleum Company, Inc.’s (ticker: MPO) unsolicited public offer to combine the two companies in a stock-for-stock …

Venado and KKR Add Another Cog for $765 Million

Venado and KKR Add Another Cog for $765 Million

Venado Oil and Gas, LLC and KKR will acquire the operated and non-operated Eagle Ford assets of Cabot Oil & Gas Corporation (ticker: COG) for a purchase price of $765 million.

Venado and KKR acquired interests which include approximately 303 …

DCIM101MEDIADJI_0116.JPG rig

Lilis Energy Closes Delaware Basin Purchase for $65.3 Million, Acquires 2,798 Net Acres

Lilis Energy, Inc. (ticker: LLEX) has closed a deal to acquire approximately 2,798 net acres in the southeastern New Mexico area of the Delaware Basin. The deal was part cash ($40 million) and part stock (~6.9 million shares, or ~$25.3 …

Johan Sverdrup

Source: Total

Totally Bought: Maersk Oil/Total Deal Closed – Makes Total 2nd Largest North Sea Operator

Total S.A. (ticker: TOT) closed the acquisition signed on August 21, 2017, adding around one billion BOE 2P reserves, mainly in OECD countries. The acquisition also increases Total’s production by 160 MBOEPD in 2018, and the company expects to ramp …

Rosehill Resources Drilling, Completing White Wolf in 2018

Rosehill Resources Drilling, Completing White Wolf in 2018

Rosehill Resources Inc. (ticker: ROSE) expects to drill 16 to 22 new wells in the White Wolf area in 2018 and expects to complete 12 to 16 of those wells. While most of these wells will have lateral lengths of …

DCIM101MEDIADJI_0116.JPG rig

Lilis Energy Firing on all Cylinders

Lilis Energy, Inc. (ticker: LLEX) produced 575,229 net BOE in 2017, or 1,575 BOEPD on average. These production numbers represent an increase of 350% year-over-year. Average Q4 2017 production increased 206% to 1,925 BOEPD.

“The last year in 2017 has …

STEP Energy Services to Acquire U.S. Frac Company for US$275 Million

STEP Energy Services to Acquire U.S. Frac Company for US$275 Million

Deal adds 4 frac spreads and 192,500 HP, mostly in SCOOP/STACK, Woodford

STEP Energy Services Ltd. has entered into an agreement to acquire all of the issued and outstanding capital stock of Tucker Energy Services Holdings, Inc. for total cash …

Halcon Resources Snaps Up 22,617 Delaware Acres

Halcon Resources Snaps Up 22,617 Delaware Acres

Halcon Resources Corporation (ticker: HK) has recently entered into definitive agreements to acquire 22,617 net acres in Ward County, Texas for approximately $381 million.

The properties are currently producing ~1,325 BOEPD which equates to a purchase price of ~$14,674/acre (after …

Lilis Energy Announces 2018 CapEx of ~$100 Million, $70 Million Delaware Basin Acquisition

Lilis Energy Announces 2018 CapEx of ~$100 Million, $70 Million Delaware Basin Acquisition

Lilis Energy, Inc. (ticker: LLEX) capped off the end of January with several notable announcements. The company plans to acquire more than 20,000 net acres in the Delaware Basin while maintaining two drilling rigs, targeting 14 gross (11 net) wells.…

PetroQuest Energy to Present at EnerCom Dallas 2018

PetroQuest Energy to Present at EnerCom Dallas 2018

EnerCom Dallas presenting company PetroQuest Energy (ticker: PQ) was founded in 1985 as a Gulf Coast oil and gas company. From 1985 to 2002 PetroQuest grew its reserves located principally onshore in Louisiana and offshore in the Gulf of Mexico. …

Vermilion Energy Acquires $90.8 Million Producer in SE Saskatchewan and SW Manitoba

Vermilion Energy Acquires $90.8 Million Producer in SE Saskatchewan and SW Manitoba

Vermilion Energy Inc. (ticker: VET) has entered into an arrangement to acquire all of the issued and outstanding common shares of a private southeast Saskatchewan producer for total cash consideration of $90.8 million. The purchase price will be funded from …

Razor Energy Completes Acquisition

Razor Energy Completes Acquisition

Razor Energy Corp. (ticker: RZE) announced that it has completed the acquisition of certain non-operated working interest positions to consolidate its existing Kaybob Triassic Units 1 and 2 from an arm’s length company for a cash consideration of $4.9 million.…

International Petroleum Acquires Shallow Conventional Alberta Assets

International Petroleum Acquires Shallow Conventional Alberta Assets

International Petroleum Corp. (ticker: IPCO) has acquired conventional oil and gas assets in Alberta, Canada.

The Suffield and Alderson conventional oil and natural gas assets are held over a large, contiguous land position of 800,000 net acres of shallow natural …

2018 A&D Begins with Penn Virginia

2018 A&D Begins with Penn Virginia

Penn Virginia (ticker: PVAC) kicked off a new year of oil & gas A&D transactions today, buying acreage in the Eagle Ford.

Penn Virginia will acquire assets in Gonzales and Lavaca counties from Hunt Oil Company for $86 million in …

Chaparral Energy’s $60 Million Bolt-on STACK Acquisition

Chaparral Energy’s $60 Million Bolt-on STACK Acquisition

Chaparral Energy, Inc. (ticker: CHPE) announced today that it has entered into a definitive purchase agreement to acquire acreage in Kingfisher County, Oklahoma, from a private seller for $60 million in cash, subject to customary post-closing adjustments.

Highlights

  • Acquiring 7,000
Kalnin Ventures Buys Sixth Marcellus Position for $105 Million

Kalnin Ventures Buys Sixth Marcellus Position for $105 Million

Kalnin Ventures LLC announced today that an affiliate of its BKV Oil and Gas Capital Partners, LP fund has entered into purchase and sale agreements with respect to the fund’s sixth acquisition in thirty months in the Northeast portion of …

Eclipse Resources Acquires 44,500 Net Acres in the Utica

Eclipse Resources Acquires 44,500 Net Acres in the Utica

$93.7 million for Flat Castle core Utica project area

Eclipse Resources Corporation (ticker: ECR) announced that the company and Eclipse Resources-PA, LP, a wholly owned subsidiary of the company, have entered into a definitive purchase and sale agreement to acquire …

Manitok Energy, Questfire Energy Corp. Acquisition Update

Manitok Energy, Questfire Energy Corp. Acquisition Update

Steps have been taken to complete the acquisition of Questfire’s assets – Manitok Energy Inc.

Back in July 2017, Oil & Gas 360® reported that Manitok Energy Inc. (ticker: MEI) would undergo a strategic combination with Calgary’s Questfire Energy Corp. …

November 20, 2017 - 5:02 pm Closing Bell Story‎, Oil and Gas 360 Articles
Matador Resources Prices $210 Million Common Stock Offering; Cash Will Expand Delaware Basin Ops

Matador Resources Prices $210 Million Common Stock Offering; Cash Will Expand Delaware Basin Ops

Matador Resources Company (ticker: MTDR) priced an underwritten public offering of 8,000,000 shares of its common stock. The total estimated gross proceeds of the offering, before estimated offering fees and expenses, are approximately $210.8 million. The offering is expected to …

Penn Virginia Closes $205 Million Acquisition with Devon, Increases Borrowing Base

Penn Virginia Closes $205 Million Acquisition with Devon, Increases Borrowing Base

Penn Virginia Eagle Ford acquisition puts drill bit on contiguous acreage for extended reach laterals

Penn Virginia Corporation (ticker: PVAC) closed its previously announced acquisition of Eagle Ford assets located primarily in Lavaca County, Texas on September 29, 2017. Penn …

QEP Resources Adds $732 Million of New Permian Acreage

QEP Resources Adds $732 Million of New Permian Acreage

EnerCom conference presenter QEP adds 730 potential Hz drilling locations in the new acreage

QEP Resources (ticker: QEP) followed its southwestern Wyoming Pinedale anticline divestiture with an acquisition of more acreage in the Permian.

QEP said its subsidiary company, QEP …

American Midstream Partners Selling Propane Business, Redeploying Capital

American Midstream Partners Selling Propane Business, Redeploying Capital

In a $170 million cash transaction, American Midstream Partners (ticker: AMID)—which provides natural gas and oil gathering, processing, and transmission—has agreed to sell its propane business to SHV Energy. The sale includes American Midstream’s service locations, cylinder exchange program, and …

Europe Clears Acquisition of Baker Hughes by General Electric

Europe Clears Acquisition of Baker Hughes by General Electric

One step closer to final

After an investigation of possible competition concerns, the European Commission has cleared unconditionally the acquisition of Baker Hughes Incorporated (ticker: BHI) by General Electric Company (ticker: GE), the Commission announced today. The Commission concluded that …

Parsley Closes $2.8 Billion Midland Acquisition

Parsley Closes $2.8 Billion Midland Acquisition

Permian-focused Parsley Energy (NYSE: PE) closed the acquisition of undeveloped acreage and producing oil and gas properties in the core of the Midland Basin from Double Eagle Energy Permian LLC for an aggregate purchase price of approximately $2.8 billion, consisting …

$2.3 Billion in Eagle Ford Assets Depart Anadarko for Sanchez Energy

$2.3 Billion in Eagle Ford Assets Depart Anadarko for Sanchez Energy

Sanchez Energy and Blackstone Energy Partners form 50/50 venture to acquire Anadarko Comanche assets producing approximately 67,000 BOEPD (33,500 net to Sanchez)

Sanchez Energy Corporation (ticker: SN) and funds managed by Blackstone Energy Partners (ticker: BX) have entered a strategic …

Stepping on the Accelerator: Parsley Energy Snags $607 Million in Midland, Delaware Assets

Stepping on the Accelerator: Parsley Energy Snags $607 Million in Midland, Delaware Assets

Parsley plans to complete 120-140 gross operated horizontal wells in 2017, company targets 60% annual production growth in 2017

Parsley Energy, Inc. (ticker: PE) has entered into unrelated transactions for undeveloped acreage and producing oil and gas properties adjacent …

Sentinel Peak Resources, Freeport-McMoRan Close Onshore California Deal

Sentinel Peak Resources, Freeport-McMoRan Close Onshore California Deal

Sale takes FCX production down to 7,000 barrels of oil and NGLs, 74 MMcf of natural gas per day

Privately held Sentinel Peak Resources LLC, which is based in Denver, has closed its previously announced acquisition of the onshore California …