Post Tagged with: "divest"

BP Divests Alaska for $5.6 Billion

BP Divests Alaska for $5.6 Billion

By Tyler Losier, Energy Reporter, Oil & Gas 360

BP sells its entire Alaskan business to Hilcorp for a total consideration of $5.6 billion
BP (stock ticker: BP), through its subsidiary BP Alaska, has agreed to sell its entire business

Source: NGL Energy Partners

NGL Energy Partners Makes $300 Million Divestiture

By Tyler Losier, Energy Reporter, Oil & Gas 360

NGL Energy Partners sells TransMontaigne Product Services for $300 million
NGL Energy Partners LP (stock ticker: NGL), a vertically integrated midstream company, has signed a definitive agreement to sell TransMontaigne Product

Murphy Oil Divests Malaysia for $2 Billion, Executes $300 Million Share Repurchase Program

Murphy Oil Divests Malaysia for $2 Billion, Executes $300 Million Share Repurchase Program

Murphy Oil Corporation Announces Close of Malaysia Portfolio, Executes $300 Million Share Repurchase Program

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) …

What’s Worth More to the State of Texas—Land or Oil?

SM Energy Divestment of $792 Million Non-Core Assets Will Drive 30% Debt Reduction

Out of the Williston

Midland- and Eagle Ford-focused SM Energy Company (ticker: SM) sold its remaining assets in the Williston Basin and third-party operated assets in Upton County, Texas. The combined sale generated $292.3 million, but the buyers have not …

Closed and Closed: WildHorse, WPX Divest Assets

Closed and Closed: WildHorse, WPX Divest Assets

WPX Energy (ticker: WPX) has closed the San Juan Basin oil play sale to Enduring Resources IV, LLC for $700 million. A significant portion of the proceeds are slated for debt reduction, WPX said, and the company now believes it …

Unit Corp Accelerates Drilling Program with $300 Million Sale

Unit Corp Accelerates Drilling Program with $300 Million Sale

Divesting 50% Interest in Superior Pipeline

Unit Corporation (ticker: UNT) has agreed to sell a fifty percent equity interest in its wholly owned subsidiary, Superior Pipeline Company, LLC for cash proceeds of $300 million. The purchaser, SP Investor Holdings, LLC, …

Pioneer Natural Resources on a Permian Tear: 224 Wells Drilled in 2017, 20 Rigs Operating in 2018

Pioneer Natural Resources on a Permian Tear: 224 Wells Drilled in 2017, 20 Rigs Operating in 2018

250-275 gross wells expected to be on production in the Permian Basin in 2018

$2.6 billion 2018 Permian-focused CapEx

Pioneer Natural Resources (ticker: PXD) placed 64 horizontal wells on production in the fourth quarter of 2017. In the Permian, 43 …

Weatherford: Net Loss of $1.94 Billion

Weatherford: Net Loss of $1.94 Billion

Weatherford International plc (ticker: WFT) reported a net loss of $1.94 billion, or a loss of ($1.95) per share for the fourth quarter of 2017. Non-GAAP net loss for the fourth quarter of 2017, excluding charges and credits, was $329 …

Parsley Energy Keeps the Green Coming

Parsley Energy Keeps the Green Coming

FY2017 CapEx of $1.2 billion: 40 wells to be placed on production each quarter in 2018

Parsley Energy, Inc. (ticker: PE) has released certain full-year 2017 results and an operational update for its Wolfcamp C delineation program.

Q4 and FY2017

Gastar Exploration Gets $107 Million for Hunton, Proceeds will Go to STACK Development

Gastar Exploration Gets $107 Million for Hunton, Proceeds will Go to STACK Development

Gastar Exploration Inc. (ticker: GST) will divest its interest in the West Edmund Hunton Lime Unit (WEHLU) for $107.5 million.  The transaction is expected to close on or before February 28, 2018, with a property sale effective date of October …

Hess Corporation sells Energy Marketing business for $1.025 billion to Direct Energy

Hess Corporation (ticker: HES) is a leading global independent energy company engaged in the global exploration and production of crude oil and natural gas.  The company is currently shedding assets in 2013 to become a pure-play E&P company.

Hess …

July 31, 2013 - 10:04 am Midstream, Oil and Gas 360 Articles

Enerplus Selling Non-Core Assets for $80 Million

Enerplus (ticker: ERF) is an independent exploration and production company with a concentrated portfolio of oil and natural gas assets both in Canada and the United States. The company’s operations include high growth opportunities in the Bakken/Three Forks, as well …

June 27, 2013 - 2:57 pm Mergers & Acquisitions, Oil and Gas 360 Articles