Post Tagged with: "Divestiture"

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 …

ConocoPhillips looks to Divest 20% of its Canadian Assets

ConocoPhillips looks to Divest 20% of its Canadian Assets

The U.S. oil major has retained Scotiabank to help sell assets in Western Canada

ConocoPhillips (ticker: COP) hired the Bank of Nova Scotia (Scotiabank) to advise on the sale of about 20% of its production in Western Canada outside of …

March 30, 2015 - 4:48 pm Canada, International, Oil and Gas 360 Articles
Quicksilver Announces Sale to Tokyo Gas of 25% Interest in Barnett Shale Assets

Quicksilver Announces Sale to Tokyo Gas of 25% Interest in Barnett Shale Assets

FORT WORTH, Texas, March 29, 2013 (GLOBE NEWSWIRE) — Quicksilver Resources Inc. (KWK) announced today that it has executed an agreement to sell an undivided 25% interest in its Barnett Shale oil and gas assets for US$485 million to TG …

March 29, 2013 - 6:19 am Oil and Gas 360 Articles, Regulatory

Forest Oil Corp. Continues Divestiture Process

This morning, Forest Oil Corp. (ticker: FST) announced the divestiture of 272 Bcfe of proved reserves for $325MM (after tax) to Hilcorp (private).

The transaction metrics were $1.19/Mcfe or approximately $4,924 per flowing Mcfe.  At the close of business on …

January 3, 2013 - 6:23 pm Oil and Gas 360 Articles
Callon Petroleum Co Steps Further Out of the Bathtub and Onto Firmer Ground

Callon Petroleum Co Steps Further Out of the Bathtub and Onto Firmer Ground

Callon Petroleum Co (ticker: CPE) is engaged in the acquisition, development, exploration and operation of oil and gas properties in Texas, Louisiana and the offshore waters of the Gulf of Mexico. At the time of this writing, CPE had a …

November 30, 2012 - 10:02 pm Oil and Gas 360 Articles
GMX Resources Retains Haynesville/Bossier Resource Base; Sells Cotton Valley Sands and Shallow Rights for $69.0 Million

GMX Resources Retains Haynesville/Bossier Resource Base; Sells Cotton Valley Sands and Shallow Rights for $69.0 Million

GMX Resources (ticker: GMXR) entered into a definitive purchase and sale agreement with a private third party to sell certain interests in specified operated and non-operated properties in East Texas and Louisiana assets for approximately $69.0 million. The assets include …

October 2, 2012 - 5:07 pm Oil and Gas 360 Articles
Equal Energy Ltd. Exits Mississippian Chasing Returns Elsewhere in Oklahoma

Equal Energy Ltd. Exits Mississippian Chasing Returns Elsewhere in Oklahoma

Equal Energy Ltd. (ticker: EQU) sold its interests in Grant, Garfield and Alfalfa Counties, Oklahoma, to Atlas Resources Partners LP (ticker: ARP) for US$40 million. The Northern Oklahoma assets include production of 1,400 BOEPD (73% natural gas, 25% …

September 27, 2012 - 7:28 pm Oil and Gas 360 Articles