ConocoPhillips Closes $350-Million Greater Sunrise Sale
April 16, 2019
ConocoPhillips Closes Sale of Its Interest in Greater Sunrise Fields
Callon Petroleum Sells Non-Core Midland Basin Assets
April 8, 2019
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. The agreement also provides for potential incremental cash payments of up to $60 million based upon future commodity prices with upside participation starting at the $60/Bbl West
Entergy Completes Sale of Vermont Yankee to NorthStar
January 14, 2019
Entergy Completes Sale of Vermont Yankee to NorthStar
Vantage Energy Wins Alpha Natural Resources’ NatGas Assets with $339.5 Million Cash Bid
May 17, 2016
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 for its subsidiary Pennsylvania Land Resources’ oil and natural gas assets (PLR assets) in Southwest Pennsylvania. Vantage’s winning cash bid
$500 Million STACK Sale to Newfield Bumps Chesapeake to $1.2 Billion in Proceeds from Divestitures in 2016
May 5, 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 of 3,800 BOE per day 2016 first quarter production averaged approximately 672,400 BOE per day, an increase of 1% year
Freeport-McMoRan Looks to Sell Oil and Gas Arm for $3 Billion, Changes Chairman
December 28, 2015
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 copper, which was responsible for 60% of the company’s profits in 2014. People familiar with the matter said Freeport-McMoRan has
Total Divests $1.3 Billion of Assets in a Week
September 1, 2015
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). The Frigg UK Pipeline (FUKA) is a 362-kilometer, 32-inch pipeline with a nominally capacity of 1,271 MMcf/d, while the Shetland
Apache Corp.’s Asset Sales Reach Nearly $5 Billion Since December
April 10, 2015
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 and the Kitimat LNG facility in British Columbia, with Woodside Petroleum assuming APA’s interest in both projects. The closing comes
