Divestiture Archives - Page 4 of 4

Chesapeake Energy Erases Dividend, Sells Non-Core Properties in Cost-Cutting Moves

July 21, 2015

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 decisions to outright divestures. The initiatives are listed below. CHK will not issue a dividend for its common shares in

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

Oil & Gas 360 - ConocoPhillips ups drilling program in Eagle Ford - Oil & Gas 360

ConocoPhillips looks to Divest 20% of its Canadian Assets

March 30, 2015

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 the oil sands, reports BNN. Details on the sale from Houston-based COP will be provided in the second quarter, according

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

March 29, 2013

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 Barnett Resources LP, a wholly-owned U.S. subsidiary of Tokyo Gas Co., Ltd. Quicksilver will remain as operator of the assets.

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

November 30, 2012

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 market capitalization of approximately$184 million. In 2009, Callon began a strategic initiative to diversify its operations from strictly offshore Gulf

Divestiture

Chesapeake Energy Erases Dividend, Sells Non-Core Properties in Cost-Cutting Moves

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

ConocoPhillips looks to Divest 20% of its Canadian Assets

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

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

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