Post Tagged with: "A&D"

Source: W&T Offshore

W&T Offshore Enters $200 Million PSA

By Tyler Losier, Energy Reporter, Oil & Gas 360

W&T Offshore to purchase Gulf of Mexico interests from ExxonMobil for $200 million
W&T Offshore, Inc. (stock ticker: WTI), a Houston-based independent E&P, has entered into a sales and purchase agreement

Devon Closes Canada Deal 

Devon Closes Canada Deal 

By Bevo Beaven, Editor, Oil & Gas 360

Devon Energy Corp. (stock ticker: DVN) has completed the sale of its Canadian business segment to Canadian Natural Resources (stock ticker: CNQ) for CAD $3.8 billion, or US $2.8 billion.  

Devon secured

Torchlight Addresses its Orogrande Suitors 

Torchlight Addresses its Orogrande Suitors 

Torchlight Energy Resources, Inc. (stock ticker: TRCH) recently issued an update addressing acquisition interest from industry majors in its Orogrande Basin project in West Texas.

Torchlight reported that since commencing discussions in April, it has made seven individual presentations to

Equinor Snatches GOM Asset from Delek’s Outstretched Hand

Equinor Snatches GOM Asset from Delek’s Outstretched Hand

Expands Caesar Tonga interest

By Richard Rostad, analyst, Oil & Gas 360

Equinor (ticker: EQNR), formerly Statoil, announced several moves this week, expanding its offshore activities in both the GOM and North Sea.

On Monday Equinor announced it has exercised …

Murphy Oil Goes Big with $1.375-Billion Cash Deal

Murphy Oil Goes Big with $1.375-Billion Cash Deal

Murphy buys seven producing fields, four development projects from LLOG
By Richard Rostad, analyst, Oil & Gas 360

Murphy Oil (ticker: MUR) continues to consolidate its position in the Gulf of Mexico, as the company acquired a major asset in

Pioneer Flips Permian Basin Pressure Pumping Operation to ProPetro for $110 Million Cash plus 17% Ownership

Pioneer Flips Permian Basin Pressure Pumping Operation to ProPetro for $110 Million Cash plus 17% Ownership

Deal to sell Pioneer Pumping Services’ HHP, coiled tubing units and maintenance operations includes a long-term service contract to provide pressure pumping in the Permian Basin for up to a decade
Pioneer Natural Resources Company (stock ticker: PXD) said it

EOG Resources, Mountrail County, North Dakota.

Samson Oil & Gas Signs LoI to Divest Foreman Butte Project

From Hydrocarbons Technology

Samson Oil & Gas has signed a letter of intent (LoI) to divest its Foreman Butte project in North Dakota and Montana, US, to a private equity-funded exploration and production company Firehawk Oil and Gas, in a …

LINN Energy Sells Oklahoma Waterflood and Texas Panhandle Properties for $122 Million

LINN Energy Sells Oklahoma Waterflood and Texas Panhandle Properties for $122 Million

LINN Energy, Inc. (ticker: LNGG) announced that it has signed a definitive agreement to sell its Oklahoma Waterflood and Texas Panhandle properties to an undisclosed buyer for a contract price of $122 million, subject to closing adjustments.

The combined properties …

Shell Collects its First $3.0 Billion from Asset Sale

Shell Collects its First $3.0 Billion from Asset Sale

Shell completes sale of North Sea blocks to Chrysaor

Shell (ticker: RDSA) has completed the sale of a package of UK North Sea assets to Chrysaor for a total of up to $3.8 billion, including an initial consideration of $3.0 …

LINN Energy Sells Washakie Properties for $200 Million, Increases Share Buyback to $400 Million

LINN Energy Sells Washakie Properties for $200 Million, Increases Share Buyback to $400 Million

LINN Energy, Inc. (ticker: LNGG) entered an agreement to sell its interest in properties located in Wyoming to an undisclosed buyer for a contract price of $200 million, the company said in a press release.

The properties to be sold …

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 …

BHP Billiton May Divest Some U.S. Shale

BHP Billiton May Divest Some U.S. Shale

Second attempt for BHP

Australian mining giant BHP Billiton (ticker: BBL) put out its nine months operational review today, which included a review of its shale portfolio and the statement that it might put its Fayetteville assets on the block …

Edge of the Wattenberg: Colorado: Weld County Just Created its Own Oil & Gas Department

Synergy Resources Divests 10,000 DJ Acres for $71 Million

Synergy will pursue further A&D opportunities in the DJ

Synergy Resources Corporation (ticker: SYRG) announced it has entered into a purchase-sale agreement with a private party to divest 10,000 net undeveloped acres and approximately 700 BOEPD of associated production for …

$6-Billion Thai Company Acquires 156 BCF of Marcellus Reserves from Range Resources

Kalnin Ventures Announces Closing of Marcellus Asset Acquisition for Banpu Pcl

Pays $112 Million for Range’s 29.4% stake in Chaffee Corners JEA

Repsol and Abarta Energy own the remaining interest in the exploration area

BROOMFIELD, CO–(Marketwired – May 23, …