Post Tagged with: "Asset Sale"

Source: Wintershall Dea

Total Plans $5 Billion of Asset Sales to Future-Proof Business

From Reuters


French energy giant Total (TOTF.PA) will sell about $5 billion of assets, mostly from its exploration and production business as it sharpens its focus on low-breakeven projects that can weather weak oil prices, it said on …

July 25, 2019 - 6:00 am
ConocoPhillips Closes $350-Million Greater Sunrise Sale

ConocoPhillips Closes $350-Million Greater Sunrise Sale

ConocoPhillips Closes Sale of Its Interest in Greater Sunrise Fields

April 16, 2019 - 4:03 am
Callon Petroleum Sells Non-Core Midland Basin Assets

Callon Petroleum Sells Non-Core Midland Basin Assets

Selling Ranger area in southern Midland Basin - includes 9,850 net Wolfcamp acres, 4,000 BOEPD production
Callon Petroleum Company (stock ticker: CPE, $CPE) said it is selling non-core assets in the Midland Basin for initial cash proceeds of $260 million.

April 8, 2019 - 2:25 pm
Entergy Completes Sale of Vermont Yankee to NorthStar

Entergy Completes Sale of Vermont Yankee to NorthStar

Entergy Completes Sale of Vermont Yankee to NorthStar

January 14, 2019 - 2:23 am
Vantage Energy Wins Alpha Natural Resources’ NatGas Assets with $339.5 Million Cash Bid

Vantage Energy Wins Alpha Natural Resources’ NatGas Assets with $339.5 Million Cash Bid

Next Best Bid Behind Vantage was $335 Million; Bids Exceed Rice Energy’s “Stalking Horse” Offer of $200 Million

Bankrupt coal giant Alpha Natural Resources (ticker: ANRZQ) announced today that Colorado-based privately held gas producer Vantage Energy was the successful bidder …

May 17, 2016 - 3:25 pm
$500 Million STACK Sale to Newfield Bumps Chesapeake to $1.2 Billion in Proceeds from Divestitures in 2016

$500 Million STACK Sale to Newfield Bumps Chesapeake to $1.2 Billion in Proceeds from Divestitures in 2016

Chesapeake Reports Q1 2016

Chesapeake Energy Corporation (ticker: CHK) reported its Q1 financial and operational results. Highlights follow:

  • Signed agreement to sell approximately 42,000 net acres prospective for the STACK play in Oklahoma for approximately $470 million; includes current production
May 5, 2016 - 5:52 pm
Freeport-McMoRan Looks to Sell Oil and Gas Arm for $3 Billion, Changes Chairman

Freeport-McMoRan Looks to Sell Oil and Gas Arm for $3 Billion, Changes Chairman

Decision comes as Freeport-McMoRan faces falling oil, gas and copper prices

U.S. mining company Freeport-McMoRan (ticker: FCX) is exploring potentially selling its oil and gas assets as the company faces lower profits from both oil and gas, as well as …

December 28, 2015 - 2:07 pm
Total Divests $1.3 Billion of Assets in a Week

Total Divests $1.3 Billion of Assets in a Week

Total sells North Sea midstream assets

On August 27, Total (ticker: TOT) announced that it sold its FUKA and SIRGE gas pipelines, along with the St. Fergus Gas Terminal, to North Sea Midstream Partners for £585 million (approximately $905 million). …

September 1, 2015 - 3:48 pm
Apache Corp.’s Asset Sales Reach Nearly $5 Billion Since December

Apache Corp.’s Asset Sales Reach Nearly $5 Billion Since December

Accelerates APA’s Transition to North America

Apache Corporation (ticker: APA) has closed on the $2.8 billion sale of its stake in two separate LNG projects, the company announced on April 10, 2015. The projects include the Wheatstone LNG in Australia …

April 10, 2015 - 1:24 pm

Harvest Natural Resources Sells Utah Assets to Newfield for $215 Million; Pays Down Debt; Refocuses on International Portfolio; Drilling Ahead in Indonesia; Getting Ready to Spud in Gabon

On March 22, 2011, Harvest Natural Resources (ticker: HNR) announced it sold all of its Utah oil assets to an affiliate of Newfield Exploration Company (ticker: NFX) for $215 million in cash. The sale has an effective date of March …

March 22, 2011 - 5:46 pm