Acquisitions & Divestitures

US Silica Closes Acquisition Of Ottawa White Sand Acreage In Illinois

The land will add about 30 million tonnes of proven reserves of high-quality...

May 24, 2016

Europa Oil & Gas Signs Farm-out For Weald Basin Interest

Under the farm-out, UJO will acquire a 7.5% working interest in PEDL143 from Europa, paying 15% of the costs to drill the exploration...

May 23, 2016
delaware basin, Permian, Parsley, working interest, NRI

Trigger-Happy Acquirer Parsley Pulls Another Buy In Delaware Basin

The company purchased mineral rights under its existing acreage to increase its working interest and net revenue interest.

May 23, 2016

Purchase Of Chaffee Corners Marcellus Stake For Thailand’s Banpu Closes

Transaction’s total value is $112 million. There are 156 billion cubic feet of 1P reserves, 62 producing wells and 14 waiting on completion; and there are more than 170 de-risked locations. 

May 23, 2016

Redwater Legal Decision Could Raise Number Of Orphaned Alberta Wells

More than 79,000 inactive Alberta wells could become Orphan Well Association’s responsibility due to May 18 ruling giving lenders priority over environmental cleanup costs in oil and gas bankruptcies, Reuters...

May 23, 2016

Spartan Receives Saskatchewan Light Oil Assets Through Wyatt Acquisition

There are about 1,330 barrels of oil equivalent per day (boe/d)--76% light oil and liquids—being produced in the Alameda and Elcott...

May 19, 2016
stalking horse, Rice Energy, Marcellus, Alpha, Wells Fargo

Stalking Horse Bidder Rice Energy Thrown By Rival In The Marcellus

The company had agreed to purchase about 27,000 net acres for $200 million but was outbid by an undisclosed party by about $140 million.

May 19, 2016

Hawkwood Energy Buys Producing Assets In East Texas' Eagle Ford Shale

Hawkwood will continue to seek "additional similar opportunities to acquire quality assets to add to our East Texas position," CEO Patrick Oenbring says.

May 19, 2016

Technip, FMC Technologies To Merge In All-Stock Deal

The transaction is expected to deliver annual pretax savings of at least $400 million as of 2019 and boost earnings per share significantly, the companies said in a statement on May 19.

May 19, 2016

Highlands Natural Resources Acquires Williston Basin Assets

The London-listed company satisfied the US$14,411.56 consideration through a cash payment. Highlands said that its total acreage holding...

May 18, 2016
EnerVest, acquisition, Eagle Ford, megadeal, Karnes County, Texas

EnerVest’s Cornucopia Adds $1.3 Billion In Eagle Ford Delicacies

The company has been purchasing assets since late 2015 and now has production of about 17,000 boe/d located in Karnes County, Texas.

May 18, 2016

Argent Energy Trust Wraps Up Bankruptcy Sale To BXP Partners

Argent Energy Trust owns, operates and manages oil and gas properties located primarily in South Texas' Eagle Ford Shale and Wyoming's Powder River Basin.

May 18, 2016