Acquisitions & Divestitures

Kayne Provides $300 Million To New E&P Led By Former Continental Execs

Valorem Energy landed a capital investment from a Kayne Anderson Capital Advisors LP affiliate as the newly formed E&P works toward its targeted $1 billion for deals in the Rockies and Midcon.

May 22, 2017
Keane Group, James Stewart, Permian, Bakken, schlumberger, pressure pumping, Weatherford International

Pressure Cooker: Keane Group’s $285 Million Deal Adds Permian, Bakken Horsepower

Amid industry consolidation, Colorado’s RockPile Energy Services will augment Keane’s services primarily in the Permian Basin and the Bakken.

May 19, 2017

Resolute Energy Launches Debt Offering To Fund Delaware Deal

Resolute Energy is offering $125 million of its 2020 notes. The company said it plans to use the proceeds to finance its acquisition of Delaware Basin properties in Reeves County, Texas.

May 9, 2017

Rubicon Acquires Emerging Oilfield Tech Company

Rubicon said it expects the acquisition of Choice Completions will strengthen its well construction portfolio and completions solutions business segment.

May 9, 2017
2017 Acquisition Divestiture Outlook The Big Truck Without Brakes

2017 A&D Outlook: The Big Truck Without Brakes

At the Energy Capital Conference, A&D gurus mused over the current wealth of deals in the Permian, the selloff elsewhere for capital and transactions hurtling toward the Powder River Basin.

May 8, 2017

Tokyo Gas Buys Stake In Castleton's East Texas Gas Unit

Tokyo Gas did not reveal the price for the stake in Castleton, which owns and operates over 160,000 net acres of leasehold in East Texas with access to the Cotton Valley and Haynesville Shale.

May 8, 2017
Appalachia, A&D, Eagle Ford, Titan, DGO, Rusty Hutson Jr.

Titan Sells Appalachia Assets For Eagle Ford Future

The company, seeking transformation, plans to focus on the Eagle Ford Shale’s oil window.

May 5, 2017
WPX, Rick Muncrief, Jones Energy, permian, Laredo Petroleum, Stack, Scoop, Merge, Denbury Resources

WPX's $38 Million Permian Bolt-On; Other E&Ps Graze On Deals

With one large bolt-on under its belt in the first quarter, WPX added another in the Delaware, but most first-quarter deals added slivers of acreage.

May 5, 2017

Memorial Production Partners Emerges From Bankruptcy With New Name

Memorial Production Partners LP said May 4 it successfully completed its financial restructuring, emerging from Chapter 11 as a new corporation named Amplify Energy Corp.

May 5, 2017

Origin Energy Doubles Stake In Australia's Beetaloo Shale Gas Field

Origin Energy said it increased its share in the undeveloped shale gas prospect to 70%, after purchasing a 35% share from Sasol Petroleum Australia Ltd. It did not disclose a purchase price.

May 5, 2017

Flotek Divests Drilling Tech Segment To NOV

Flotek's drilling tech division has been a foundation for the company for more than a decade, said CEO John Chisholm, adding that the decision for the divestiture is in-line with ongoing initiatives.

May 4, 2017
Linn Energy, Mark Ellis, Tom Hart, Jonah Energy, Jonah field, Pinedale, natural gas, Scoop, Stack, Merge

Linn Sells Wyoming Assets To Jonah Energy For $582 Million

Linn Energy emerged from bankruptcy protection in February and is marketing several assets as it looks to focus on the Scoop, Stack and Merge plays. 

May 2, 2017