Acquisitions & Divestitures

Schlumberger, Paal Kibsgaard, oil, drilling, technology, hydraulic fracturing, investment

New Technology, M&A Steer Investment For Schlumberger

The company plans to produce a new hydraulic fracturing system and a ‘land drilling system of the future.’

April 26, 2016
Callon, petroleum, Midland Basin, acreage, establish, new, core, operating, Permian, Howard, Reagan, county, Texas, acquisition, Fred Callon, TRP, energy, Big Star, oil, gas, Moss Creek, Tall City, Plymouth, Encana, Athlon, hot spot

Callon Petroleum Adds Midland Basin Acreage, Establishes New Core

Callon has entered transactions to boost its position in the Midland Basin to about 34,000 net surface acres, including a new core operating area in one of the basin’s hot spots.

April 22, 2016
merican Energy, partners, Woodford, shale, subsidiary, Devon, noncore, change name, White Star, CNOW, deal, Oklahoma, Mississippi Lime, Aubrey McClendon, Elliot Chambers, Dave Hager, Energy Minerals Group, Jefferies, RBC Richardson Barr, Vinson Elkins, Po

American Energy Partners’ Woodford Subsidiary Snags Devon’s Noncore Assets, Changes Name

American Energy - Woodford is one step closer to becoming a stand-alone company following a name change and a deal with Devon Energy to double its footprint in the CNOW Play.

April 21, 2016

PetroQuest Sells Woodford Shale Field For $18 Million

At year-end 2015, PetroQuest estimated the Woodford Shale assets had proved reserves of about 19 Bcfe, 81% proved developed, with a PV-10 value of $16 million.

April 21, 2016

Thai Coal Miner Banpu Buys Stake In Marcellus Shale JV

The Thai company said in a statement the deal was its first in the U.S. upstream gas business and was part of its strategy to balance its heavy exposure to the Asian market.

April 20, 2016

Former Devon Senior Analysts Form Senex Energy Partners

The Senex team will acquire the best oil and gas assets from proven producing fields and new trends’ sweet spots. The new company is seeking startup venture capital.

April 19, 2016

Amazing Acquires Permian Service Company, Drilling Capital Firm

The Amarillo, Texas-based company entered into an agreement to acquire Jilpetco Inc., which operates and provides oilfied services in the Permian Basin, from Jed Miesner, CEO and president of Amazing.

April 19, 2016

PetroShare Buys Interest In Proposed Niobrara, Codell Wells

The lease totals about 378 net acres in the Todd Creek Farms Project in the southern end of the Greater Wattenberg Field in the Denver-Julesburg Basin.

April 19, 2016
Rice, energy, ponies, Marcellus, Stalking Horse, bankruptcy, Alpha Natural Resources, Greene County, Utica, shale, Gordon Douthat, Wells Fargo, Gabriele Sorbara, Topeka Capital Markets

Rice Energy Ponies Up $200 Million In Marcellus ‘Stalking Horse’ Deal

Rice wants to purchase Marcellus and Utica acreage but will have several legal challenges and may have to continue to bid on the assets held by bankrupt Alpha Natural Resources.

April 18, 2016

Penn West Closes Sale Of Northern Alberta Properties, Noncore Assets

Proceeds from the sale of Slave Point and other noncore assets will help to strengthen the Calgary, Alberta-based company's balance sheet. It will also improve its financial flexibility and overall corporate...

April 18, 2016

Worst Downturn Ever Still Provides Opportunity

As carnage mounts in oil and gas, recovery is in sight for well capitalized companies in the very best basins and for the investors who back them, according to panelists at Hart Energy's recent Energy Capital...

April 14, 2016
Marathon oil, MRO, divestiture, Wyoming, Piceance, Big Horn, Wind River

Marathon Oil’s Wyoming Divestiture Patches Company Budget Holes

Merit Energy agreed to purchase the company’s Wyoming assets for $870 million. Marathon’s holdings include the 570-mile Red Butte pipeline and waterflood developments in the Big Horn and Wind River basins. 

April 13, 2016