Acquisitions & Divestitures

DualEx Closes Acquisition Of Producing Peace River Arch Assets

DualEx also said that Jason Schoenfeld was appointed as vice president of engineering, effective Oct. 20. Schoenfeld is a professional engineer with 20 years...

11:09 am
Gastar Exploration Inc, refuels, Stack, JV, joint venture, noncore, sale, Midcontinent, pure play, Houston, Oklahoma, Kingfisher County, liquidity, revolver, borrowing base, redetermination, debt, Gabriele Sorbara, The Williams Capital Group, analyst, Mik

Gastar Refuels With Stack JV, Noncore Sale

Several maneuvers to free liquidity will likely fund the Houston-based company through 2018, analysts said.

October 20, 2016
Dril Quip, TIW Corp, land ho, ashore, $143 million, deal, acquisition, liner hanger system, oilfield service, Halliburton, Baker Hughes, Weatherford, J David Anderson, analyst, Barclays Capital, merger, offshore, DRQ, revenue, debt, president, CEO, Blake

Land Ho! Dril-Quip Comes Ashore In $143 Million Deal

The company picks up TIW Corp., founded during the First World War, for its first acquisition since it was formed in 1981.

October 19, 2016

Shell: More Than $500 Million Worth Of Upstream Assets For Sale

Shell is currently offering 16 assets worth more than $500 million for sale as part of its vast $30 billion three-year asset sales program, the oil and gas company's head of upstream Andy Brown said on Oct. 19.

October 19, 2016

Casillas Closes Purchase Of Continental's Scoop Assets

The acquisition boosts Casillas footprint in the Scoop to more than 42,000 net acres, with 'immediate' development potential in the Woodford and Springer shales, CEO Greg Casillas says.

October 19, 2016
SM Energy, buys, sells, acquisition, divestiture, Midland Basin, Permian Basin, Williston Basin, Oasis Petroleum, North Dakota, Texas, deals, QStar, EnCap Investments, Hart Energy, Oil and Gas Investor, Darren Barbee

SM Energy Buys Midland, Sells Williston In Deals Worth $1.9 Billion

UPDATE: SM’s Midland position will expand to 82,450 net acres and its drilling locations in the basin will increase to more than 4,100.

October 18, 2016
Comstock Resources, oil, natural gas, South Texas, conventional gas, Haynesvill, shale, drilling, Jay Allison, CEO, liquidity, Capital One Securities, Eagle Ford, Tuscaloosa Marine, BMO Capital Markets, Locke Lord, Hart Energy, Oil and Gas Investor, Emily

Comstock’s South Texas Divestiture To Pay Haynesville Bills

The company plans to use sale proceeds to fund its 2016 drilling program in the Haynesville Shale, which it recently restarted.

October 17, 2016
EOG, Yates Petroleum, acquisition, Delaware Basin, Powder River Basin

Acquisition-Shy EOG Closes ‘Really Big Bolt-On’ To Double Permian

The deal also includes 1.1 million net acres in New Mexico, Wyoming, Colorado, Montana, North Dakota and Utah.

October 17, 2016

EQT Midstream Acquires $275 Million Marcellus Dropdown

EQT Midstream Partners said Oct. 13 it acquired the Allegheny Valley Connector (AVC) transmission and storage system, along with several Marcellus gathering systems from Pittsburgh-based EQT Corp.

October 14, 2016

RSP Permian Upsizes Equity Offering To Fund Silver Hill Deal

RSP expects total gross proceeds of about $874.5 million from the offering, which will be used to pay for its purchase of Silver Hill. If the acquisition doesn't occur, RSP will use the proceeds to fund its 2017...

October 14, 2016

Lilis Energy Tacks On More Acreage In The Delaware Basin

Since entering the basin in June, Lilis Energy has increased its acreage position in the Delaware Basin by 28% to about 4,433 net acres.

October 14, 2016
RSP Permian, Silver Hill Energy Partners, Diamondback Energy Inc, Delaware Basin, West Texas, acquisition, $2.4 billion, Midland Basin, oil, natural gas, horizontal wells, shale, Steve Gray, CEO, Kayne Anderson Capital Advisors, Ridgemont Equity Partners,

RSP Permian Buys Delaware Basin’s Silver Hill For $2.4 Billion

The acquisition complements RSP's Permian portfolio, where it operates in the Midland Basin.

October 13, 2016