Shell finalizes sale of Martinez Refinery
Shell finalizes sale of Martinez Refinery
…Post Tagged with: "Divestiture"
Brazil’s Petrobras Sells Off $320 Million Hedge Position as Crude Falls
From Reuters
Brazil’s Petroleo Brasileiro SA sold its entire oil hedge position amid a sharp fall in crude prices, the company said in a filing on Wednesday night, saying it has eliminated uncertainties regarding its cash flow thanks in part …
Callon Petroleum Closes $245 Million Southern Midland Basin Sale
Callon Petroleum Company Announces Closing Of Southern Midland Basin Divestiture And Updates 2019 Guidance
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Flotek Completes $175 Million Florida Chemical Sale
Flotek Industries Announces Completion Of Florida Chemical Sale To ADM For $175 Million
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Marathon Oil will Divest U.K. Business
Marathon Oil Signs Agreement for Divestiture of U.K. Business
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Bonanza Creek Divests Cotton Valley Assets, Becomes Wattenberg Pure Play
Bonanza Creek Energy (NYSE: BCEI) sold its Mid-Continent assets this week to an undisclosed buyer for $117 million in cash, based on a February 1, 2018 effective date, the company reported.
The divested operations include approximately 11,000 net acres located …
Enbridge Sells U.S. Midstream for $1.1 Billion
Enbridge Inc. (ticker: ENB) said its indirect subsidiary, Enbridge (U.S.) Inc., has entered into an agreement to sell Midcoast Operating, L.P. and its subsidiaries to AL Midcoast Holdings, LLC (an affiliate of ArcLight Capital Partners, LLC) for a cash purchase …
Alta Mesa Deal: ARM Energy Sold Kingfisher Midstream to Silver Run II for $1.55 Billion
ARM Energy Holdings LLC said that the company and its partners have sold Kingfisher Midstream, LLC to Silver Run Acquisition Corporation II, in exchange for an aggregate consideration of up to $1.55 billion.
The transaction consideration is comprised of $800 …
SM Energy Sells 112,200 Acres for $500 Million
Unloads PRB, increasing concentration on Midland and Eagle Ford
SM Energy Company (ticker: SM) said that it entered into a definitive agreement to sell a majority of the company’s Powder River basin assets for a cash purchase price of $500 …
Carrizo Divests a Portion of Eagle Ford Acreage
Carrizo Oil & Gas, Inc. (ticker: CRZO) announced today that it entered into an agreement to divest a portion of its assets in the Eagle Ford shale for $245 million in cash.
The divested assets include approximately 24,500 net acres, …
Devon Energy Monetizes Assets, Raises CapEx and Production Guidance
Pioneer Natural Resources Acquires Midland Basin Acreage with $827 Million Secondary Offering
Devon Energy Corp. has been piling up the assets sales so far in 2016, announcing on June 15, 2016, the most recent divestiture of assets in the Midland …
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 …
Whiting Petroleum Pads Balance Sheet with $75 Million Sale of Niobrara Water Business
Gas Plant Sales on the Horizon?
Whiting Petroleum (ticker: WLL), a Denver-based exploration and production company with operations focused on the Bakken Shale and Denver Julesburg Basin, has closed on the sale of its DJ water business for $75 million. …
Interested in Acquiring STACK Acreage? Range Resources is Listening.
RRC Takes Next Step in Divestiture Plan
Less than one month after selling its Nora assets in Virginia for $876 million, Range Resources (ticker: RRC) has another attractive piece of acreage on the block.
The Fort Worth-based E&P is marketing …
Resolute Energy Enhances Balance Sheet with $177.5 Million Non-core Asset Sale
2015 Asset Sales to Date Reach $275 Million
Resolute Energy (ticker: REN) has agreed to sell its Gardendale assets for $177.5 million, concluding a “limited marketing process” that began in late September. The buyer was not named.
The company has …
Petrobras Moving Forward with $58 Billion in Asset Sales
Union strike costing Brazil $25 million lost revenue per day: Reuters
Management of Petrobras (ticker: PBR) indicates there are no changes in its plan to sell $15 billion in assets by year-end 2016, despite a union strike that is restricting …
Resolute Energy Divests Hilight Field for $55 Million, Solidifies Balance Sheet
Resolute Energy Corporation (ticker: REN), an exploration and production company based in Denver, Colorado, took a step to enhance its liquidity by selling its Hilight Field asset for $55 million.
The divesture, announced on September 16, 2015, is intended …
Chesapeake Energy Erases Dividend, Sells Non-Core Properties in Cost-Cutting Moves
Chesapeake Energy (ticker: CHK), the second largest producer of natural gas in the United States, altered its financial strategy via a company news release on July 21, 2015. The announcement included a handful of cash-saving moves, ranging from internal budget …
