Acquisitions & Divestitures

Gulfport Energy, Utica, shale, dry gas, acquisition, bolt on, Ohio, Monroe County, Capital One Securities, analyst, acreage price, fracking, Hart Energy, Oil and Gas Investor, Emily Patsy

Gulfport Expands Utica Acreage At ‘Right’ Price

The acreage price for the bolt-on compares favorably to the 141,000 net Utica dry gas acres already held by Gulfport, Capital One says. (Updated 4:05 p.m. CT Dec. 7)

December 7, 2016

PDC Energy Closes $1.5 Billion Delaware Basin Acquisition

Midstream assets include an estimated 50 miles of gas gathering lines, 30 miles of water disposal lines, five saltwater disposal wells and two freshwater...

December 6, 2016
Noble Energy, Delaware, acquisition, Reeves County

Noble Energy’s $350 Million Bolt-On Adds Delaware Length

The company paid about $30,000 per acre, in line with recent transactions in the Delaware Basin.

December 6, 2016

Technip, FMC Technologies Shareholders Approve Business Combination

FMC Technologies Inc. and Technip SA will combine. Their respective shareholders voted Dec. 5 to approve the proposed business combination, the transaction...

December 6, 2016

First Reserve's Tri-Point Expands Into Several Major US Shale Basins

Houston-based Tri-Point acquired three oil and gas service companies with strong market positions within their regions, including the Anadarko, Denver-Julesburg, Permian and Eagle Ford basins.

December 6, 2016
Chesapeake Energy, Haynesville, shale, divestiture, sale, 450 million, oil, natural gas

Chesapeake Sells First Of Two Haynesville Packages For $450 Million

The deal covers 78,000 net acres, with slightly more than half—40,000 net acres—considered core to Chesapeake. (Updated: 10:54 a.m. CT Dec. 6)

December 5, 2016
Permian, Delaware, SM Energy, acquisition, Oasis Petroleum, Bakken, Three/Forks

SM Energy Offering 11% Of Shares For Midland Bolt-On, Capital

The company is overselling shares to pay for a $120 million deal, shore up capex and gain additional time to divest in the Eagle Ford.

December 2, 2016
Williston Basin, Royale Energy, Matrix Oil, M&A, acquisition, merger, California

Deal Blotter: California Merger; German Firm Buys Williston Interests

Deutsche Rohstoff AG foots a $38.1 million Williston purchase that will generate $200 million in revenue. 

December 2, 2016

PLS Energy Advisory Group Reports Five New Property Listings

On Dec. 1, PLS Energy Advisory Group reported five new property listings.

December 2, 2016
Baker Hughes, frack fleet, fracking, hydraulic fracturing, pressure pumping, shale, North America, acquisition, divestiture, private equity, CSL Capital Management, Goldman Sachs, West Street Energy Partners, BJ Services, Allied Energy Services, GE Oil Ga

Baker Hughes’ Frack Fleet Deal Pays Pennies On The Dollar

Baker Hughes retains a minority stake in the new company, but analysts are skeptical the transaction was a fair bargain.

December 2, 2016

Hilcorp Buys Swift Energy’s Oily Louisiana Assets

Despite emerging from bankruptcy in April 2016, Swift was among the top Texas natural gas producers in 2015.

November 29, 2016