Acquisitions & Divestitures

Scientific Drilling Acquires Marksman Ranging Technologies

Canada-based Marksman serves collision avoidance, wellbore intercept, coalbed methane and other complex drilling markets.  Houston-based Scientific Drilling’s passive ranging solution, MagTraC MWD Ranging, has...

April 24, 2015
Goodrich, GDP, Eagle Ford, TMS, Tuscaloosa Marine Shale, shale, divest

Goodrich Alive In TMS But Tempted By Eagle Ford Divestment

Goodrich’s Eagle Ford Shale position is located in Frio and LaSalle counties, Texas, near producers Chesapeake Energy, Cabot, Carrizo and EOG Resources.

April 23, 2015

BP Could Sell $2 Billion In US Midstream Infrastructure

People familiar with the matter told Bloomberg that BP Plc seeks buyers for $2 billion of U.S....

April 22, 2015
Permian Basin, Arkoma Basin, Vanguard Natural Resources, LRR Energy LP,  MLP,  Midcontinent, Gulf Coast, boe, reserves

Vanguard Rolls Up Fellow Upstream MLP, Gains Permian Assets

Vanguard buys LRR Energy’s Permian and Arkoma assets, including 1,290 gross producing wells and about 158,000 net acres. LRR’s proved reserves were about 203 Bcfe in December 2014.

April 21, 2015

Austin Exploration Starts 3-D Seismic On Pathfinder Property

Pathfinder is the company’s 11,560-acre flagship property in Fremont County. The 3-D seismic zigzag prospecting tool...

April 20, 2015

Encana Might Market Haynesville Acreage

Encana is unloading gas assets to concentrate on oil and liquids drilling, Bloomberg said. Citigroup is soliciting...

April 20, 2015

Rex Looks To Regain Footing With Partner, Buyer In Illinois Basin

With a JV in the Marcellus under wraps, Rex is also pursuing the sale of its 60% ownership interest in its water service subsidiary with estimated proceeds of $60 million to $80 million.

April 20, 2015

Rex Energy Gives Asset Strategy Update

Rex Energy Corp. (NYSE: REXX) will pursue the previously announced monetization of its 60% ownership interest in Keystone Clearwater Solutions, the company’s water service subsidiary.

April 20, 2015

Halliburton Beats Estimates As Oil Crash Slows Drilling

Halliburton Co. beat analyst estimates and reported a first-quarter loss after the crude market crash forced customers to slow drilling.

April 20, 2015

Exterran Partners Acquires Compression Assets from Exterran Holdings

Exterran Holdings Inc. (NYSE: EXH) and Exterran Partners LP (NYSE: EXLP) announced April 20 that Exterran Partners acquired assets from Exterran Holdings for consideration valued at $102.3 million.

April 20, 2015