Post Tagged with: "Acquisitions"

Source: Enverus

Drillinginfo Announces Name Change

By Tyler Losier, Energy Reporter, Oil & Gas 360

Drillinginfo changes corporate name to Enverus
Drillinginfo, an energy SaaS and data analytics company, is officially changing its corporate name to Enverus, marking both the company’s 20th anniversary and its achievement

Source: Gulfport Energy

New CFO at Gulfport Energy

By Tyler Losier, Energy Reporter, Oil & Gas 360

Quentin R. Hicks joins Gulfport Energy as executive vice president and CFO
Gulfport Energy Corporation (stock ticker: GPOR), an independent E&P based out of Oklahoma City, has hired Quentin R. Hicks

Permian Producers May Need to Spend More or Consider Mergers

Permian Producers May Need to Spend More or Consider Mergers

From The Houston Chronicle


As the sweet spots of the booming Permian Basin are drilled, oil companies will need to either spend more money or consider mergers and acquisitions to keep up their crude production volumes, according to the energy …

Stone Energy Nets $382 Million in 2017, Merger with Talos Continues

Stone Energy Nets $382 Million in 2017, Merger with Talos Continues

Stone Energy Corporation (ticker: SGY) reported a net income of $17.1 million, or $0.85 per share for Q4 2017. For the full year of 2017, the company reported a net income of approximately $382.7 million.

Net daily production during the …

Halcón Resources Keeps Expanding in 2017 and 2018

Halcón Resources Keeps Expanding in 2017 and 2018

Halcón Resources Corporation (ticker: HK) averaged 6,283 BOEPD in Q4 2017, comprised of 70% oil, 15% NGLs and 15% natural gas. The company generated total revenues of $25.3 million for the fourth quarter of 2017, but reported a net loss …

Source: BBI

Blackbird Energy Glides Into 2018

Blackbird Energy Inc. (ticker: BBI) has provided an update regarding its operations. Blackbird’s total corporate January sales production averaged an estimated 1,978 BOEPD (58% liquids) for the 17 days the company was able to produce during the month.

Estimated sales …

Tellurian Inc. Closes Deal with Rockcliff Energy Operating

Tellurian Inc. Closes Deal with Rockcliff Energy Operating

Tellurian Inc. (ticker: TELL) has closed a previously announced agreement with Rockcliff Energy Operating LLC to purchase natural gas producing assets and undeveloped acreage in northern Louisiana for $85.1 million.

The assets include about 9,200 acres, 19 producing operated wells …

November 17, 2017 - 4:11 pm Closing Bell Story‎, Oil and Gas 360 Articles
Supermajors Selling Billions in Assets to Offset Oil Downturn

Supermajors Selling Billions in Assets to Offset Oil Downturn

Shell leads the way with $30 billion divestiture plan

Earnings season has gone as expected thus far, as the majority of energy companies are reporting losses and writedowns due to the commodity downturn. Some are fighting to maintain their dividends

What’s in the Cards for Clayton Williams Energy?

What’s in the Cards for Clayton Williams Energy?

Clayton Williams (ticker: CWEI) and Concho Resources (ticker: CXO) each made significant announcements regarding their respective Delaware Basin positions yesterday, including an acreage swap that is “highly beneficial to both companies,” said Mel Riggs, President of CWEI, in the company’s …

Samson Oil & Gas to Secure 50,000 Williston Basin Acres in Transformative Acquisition

Samson Oil & Gas to Secure 50,000 Williston Basin Acres in Transformative Acquisition

Samson Oil & Gas (ticker: SSN) has nearly doubled its output overnight, announcing a $16.5 million acquisition on January 6, 2016. The properties currently produce 720 BOPD from 41 net producing wells and contain proved reserves of 8.5 MMBO as …

Devon Energy, EnLink Midstream Team Up for $4 Billion Acquisition from Private Companies

Devon Energy, EnLink Midstream Team Up for $4 Billion Acquisition from Private Companies

CEO Hager: STACK is “the best emerging development play in North America”

Devon’s STACK position has grown by more than 150,000 net acres in recent months

Devon Energy (ticker: DVN) has secured the strongest foothold in the Cana-Woodford, pro forma …

Encana Oil & Gas Exits DJ Basin in $900 Million Asset Sale

Encana Oil & Gas Exits DJ Basin in $900 Million Asset Sale

Expects 2015 Net Debt to be Reduced by $3.0 Billion – 50% higher than expected.

Calgary-based Encana Corporation (ticker: ECA) is leaving behind its second United States shale play since August, selling its Denver Julesburg assets for $900 million. …

Memorial Resource Development has More Than Tripled Its Cotton Valley Acreage in Fiscal 2015

Memorial Resource Development has More Than Tripled Its Cotton Valley Acreage in Fiscal 2015

Announces Rights via Purchase/Leasing Options on 132,758 Net Acres for $373.8 Million

Memorial Resource Development (ticker: MRD) unknowingly picked a very difficult time to enter the public sphere (the company launched its initial public offering on June 2, 2014), but …

Synergy Resources Adds to DJ Basin Acreage in $78 Million Transaction

Synergy Resources Adds to DJ Basin Acreage in $78 Million Transaction

Synergy Resources (ticker: SYRG) is approaching the ownership of 100,000 net acres in the greater Wattenberg area, aided by the purchase of 4,300 net acres on September 15, 2015.

The Platteville, Colorado exploration and production company secured the acreage in …

W&T Offshore Sells Permian Assets, Sets Sights on Gulf of Mexico

W&T Offshore Sells Permian Assets, Sets Sights on Gulf of Mexico

WTI Deals Permian Position for $376 Million to Private Equity Firm

W&T Offshore (ticker: WTI), a Houston-based exploration and production company, has increased its focus on assets… offshore. On September 1, 2015, WTI divested the majority of its position in …

Enterprise Products Partners: $1.5 Billion Midstream Asset Sale Finances Purchase of Eagle Ford Midstream

Enterprise Products Partners: $1.5 Billion Midstream Asset Sale Finances Purchase of Eagle Ford Midstream

Divested Assets Worth 3% of EPD’s Gross Operating Margin

Enterprise Products Partners (ticker: EPD), the largest master limited partnership in EnerCom’s MLP Scorecard Benchmarking Report, has sold its offshore Gulf of Mexico pipelines and services business to Genesis Energy LP …

Penn Virginia Pads Balance Sheet in $75 Million Non-core Asset Sale

Penn Virginia Pads Balance Sheet in $75 Million Non-core Asset Sale

On July 15, 2015, Penn Virginia (ticker: PVA) announced the sale of its East Texas assets to an undisclosed buyer for gross proceeds of $75 million. The sale is expected to close by August 2015 and includes approximately 33,400 net …

WPX Energy Adds Permian Basin to Portfolio with $2.75 Billion Acquisition

WPX Energy Adds Permian Basin to Portfolio with $2.75 Billion Acquisition

WPX Establishes Fourth Core Area

Wells Provide 30% Return at $60/barrel

WPX Energy (ticker: WPX) is moving into the most prolific oil play in the United States.

On July 14, 2015, the Tulsa-based company announced the acquisition of privately held …

Legacy Reserves Gears Up with $440 Million Acquisition, Joint Venture Agreement

Legacy Reserves Gears Up with $440 Million Acquisition, Joint Venture Agreement

Legacy Enters East Texas, More Acquisitions to Follow?

Legacy Reserves LP (ticker: LGCY), a master limited partnership (MLP) with an exploration and production focus, announced significant additions to its growth plan in separate news releases on July 6, 2015.

Legacy

Energy XXI Closes $266 Million in Asset Sales, Updates Operations

Energy XXI Closes $266 Million in Asset Sales, Updates Operations

Liquidity Pushing $1 Billion

Energy XXI (ticker: EXXI) announced its second asset sale in the last 10 days in a company press release on July 1, 2015. The Gulf Coast operator closed on its East Bay Field for $21 million …

After 50 Years, the Wattenberg Field Keeps Re-inventing Itself

After 50 Years, the Wattenberg Field Keeps Re-inventing Itself

At $60 oil, our wells are very economic: an exclusive OAG360 interview with Great Western Oil & Gas CEO Rich Frommer

As summer heats up, the days are winding down on the second quarter of 2015, marking the second full …

Gulfport Energy Purchases Utica Acreage from American Energy Partners

Gulfport Energy Purchases Utica Acreage from American Energy Partners

Increases Net Utica Position to more than 230,000 Acres

Gulfport Energy (ticker: GPOR) made its second sizable acquisition in three months on June 9, 2015, landing 45,163 gross acres (33,426 net) in the Utica Shale from American Energy – Utica, …

Williams Partners L.P. Ups Stake in Utica Pipeline for $575 Million

Williams Partners L.P. Ups Stake in Utica Pipeline for $575 Million

EV Energy Partners Exits the Region

Williams Partners L.P. (ticker: WPZ) has increased its equity interest to 70% in Utica East Ohio Midstream LLC (UEO), the company announced on April 6, 2015. The transaction involved EV Energy Partners’ (ticker: EVEP) …

Marcellus/Utica Giant Sells $5.4 Billion in Properties to Southwestern Energy

Marcellus/Utica Giant Sells $5.4 Billion in Properties to Southwestern Energy

Chesapeake Energy (ticker: CHK), a pioneer in the Marcellus/Utica region, announced the sale of $5.375 billion in regional assets to Southwestern Energy (ticker: SWN) in the early morning hours on October 16, 2014. Per the terms of the deal, Southwestern …

October 16, 2014 - 5:53 pm Mergers & Acquisitions, Oil and Gas 360 Articles
Dawson Geophysical: Improved Utilization, Lower Costs are Drivers for Merger with TGC Industries

Dawson Geophysical: Improved Utilization, Lower Costs are Drivers for Merger with TGC Industries

Dawson Geophysical (ticker: DWSN), a leading provider of U.S. onshore seismic data acquisition services, announced a proposed merger with TGC Industries (ticker: TGE) on October 9, 2014. TGC is also involved in the seismic field and has operations in Canada …

Oxy Could Net $3 Billion from Bakken Divestiture, Readies Spin Off of California O&G Operations

Oxy Could Net $3 Billion from Bakken Divestiture, Readies Spin Off of California O&G Operations

oxyMiddle East and North Africa also on the Block

Multiple divestitures appear to be coming for Occidental Petroleum (ticker: OXY), the $75 billion (market cap) diversified oil company.

In June the company filed a Registration Statement with the SEC to …

LINN Energy Executes Next Step of Game Plan with $2.3 Billion Asset Sale

LINN Energy Executes Next Step of Game Plan with $2.3 Billion Asset Sale

LINN Energy (ticker: LINE) announced the sale of $2.3 billion in assets on October 3, 2014. The sale comes, as promised, to finance its previous acquisition of $2.3 billion in assets from Devon Energy. The Devon purchase was announced …

October 3, 2014 - 4:20 pm Finance, Mergers & Acquisitions, Oil and Gas 360 Articles
Encana Sees Big Potential in $7.1 Billion Acquisition of Permian Pure-Play Athlon Energy

Encana Sees Big Potential in $7.1 Billion Acquisition of Permian Pure-Play Athlon Energy

Calling the move “transitional,” Encana Corp. (ticker: ECA), Canada’s largest natural gas company, has announced it will acquire all shares and assume the senior notes of Fort Worth’s Athlon Energy (ticker: ATHL) in a US$7.1 billion cash offer, which Encana …

September 29, 2014 - 6:58 pm Canada, Mergers & Acquisitions, Oil and Gas 360 Articles
Cabot Oil & Gas Increases Stake in Eagle Ford, Adds Tenth Rig to Its Fleet

Cabot Oil & Gas Increases Stake in Eagle Ford, Adds Tenth Rig to Its Fleet

Cabot Oil & Gas (ticker: COG) is the second-largest producer by volume in the Marcellus Shale, but the E&P continues to dial up operations in another prolific shale play: the Eagle Ford.

On September 24, 2014, Cabot announced the acquisition

September 24, 2014 - 4:02 pm Mergers & Acquisitions, Oil and Gas 360 Articles
MLPs are All the Rage in Growing Oil & Gas Industry

MLPs are All the Rage in Growing Oil & Gas Industry

Rice Energy (ticker: RICE) announced the intent to form a master limited partnership (MLP) prior to its Q2’14 earnings release on August 11, 2014. The announcement comes less than seven months after Rice closed its initial public offering in January …