Acquisitions & Divestitures

Schlumberger, Weatherford To Form OneStim JV

The JV will offer 'one of the broadest multistage completions portfolios in the market combined with one of the largest hydraulic fracturing fleets in the industry,' according to the release.

March 24, 2017

Pengrowth Continues Noncore Sales With Montney Divestment

The sale follows Pengrowth's divestment of noncore assets in the Swan Hills area in north-central Alberta for CA$180 million on March 20.

March 24, 2017
White Star, Devon Energy, Stack, Scoop, Elliot J. Chambers, Cody Campbell, John Sellers

Triple-A's: White Star’s Acquisition Trifecta Add 49,000 Acres

The acquisitions add to the 210,000 net acres Devon Energy sold to White Star in 2016.

March 22, 2017
Gastar Exploration Adds To Stack Position With New Financing

Gastar Adds To Stack Position With New Financing

The company faces liquidity restraints but a deal with Ares Management gives it flexibility to make acquisitions.

March 22, 2017

Newly-Formed Titan Rock Eyes A&D With Equity Commitment

The Dallas-based E&P is focused on the acquisition and development assets in North America, with a primary focus on the Haynesville Shale of East Texas/North Louisiana and the Permian Basin.

March 22, 2017

Trican To Buy Canyon Services As Shale Drilling Ramps Up

A more than 50% fall in global crude prices since 2014 has triggered a wave of consolidation in the oilfield services industry, which has been battered by a sharp drop in service prices.

March 22, 2017
GUlfport Energy, Mammoth Energy, Appalachian, proppant prices, U.S. Silica

Mammoth Buys Sand Mine In ‘Scramble’ To Meet Proppant Demand

Mammoth also purchased Stingray’s water and cementing businesses from Gulfport Energy and other companies.

March 21, 2017
Marathon Magnifies Permian Position With 700 Million Bolt On

Marathon Magnifies Permian Position With $700 Million Bolt-On

The acquisition of largely Northern Delaware acreage follows Marathon’s $1.1 billion Permian purchase on March 9.

March 21, 2017
Al Walker, Anadarko Petroleum, JOnes Energy, Permian, Stack, Scoop, Merger, A&D

Anadarko Petroleum, Jones Energy: A&D In The Air

Jones is considering a sale of Arkoma assets for $75 million while Anadarko has a wallet stuffed with at least $5 billion cash.

March 20, 2017

Kalnin Ventures Adds To Marcellus Foothold With $16 Million Deal

The purchase from an affiliate of Tug Hill Inc. is comprised of interests in more than 177 wells operated by seven "established" Marcellus operators.

March 20, 2017

Painted Pony's Montney Position Boosted By UGR Deal

The acquisition includes 69,143 net acres with current production of 8,500 barrels of oil equivalent per day jointly with and adjacent to Painted Pony's assets.

March 16, 2017

Enterprise Acquires Bankrupt Azure's Gas System

Enterprise Products Partners will acquire natural gas gathering pipelines serving the Haynesville, Bossier, Cotton Valley and Travis Peak formations for $189 million as part of a bankruptcy auction.

March 16, 2017