Acquisitions & Divestitures

Contango, oil, gas, Permian, Delaware Basin, interests, acquisition, deal, acquire, Wolfcamp, Bone Spring, Pecos County, Texas, Seaport Global Securities, Allan Keel, president, CEO, RBC Capital Markets, SunTrust Robinson Humphrey, equity, offering

Contango Enters Permian With Deal For Delaware Interests

Contango’s acquisition includes about 157 gross potential locations across the Wolfcamp A and B and Bone Spring formations, which the company plans to start drilling by October.

July 21, 2016

J-W Energy Exits Upstream, Midstream To Focus On Compression Services

The Dallas company sold substantially all of its assets, which included about 95,000 net acres and 380 miles of associated gathering and...

July 21, 2016

Chesapeake Sued For Allegedly Rigging Anadarko Basin Leases

Chisholm Partners, an investment firm that owned leases in Kansas, and other leaseholders said the alleged conspiracy started around December 2007 and continued until at least March 2012, according to the filed...

July 20, 2016
M&A, U.S. Silica, NBR sand, deal, shale, fracking, slickwater, Eagle Ford

U.S. Silica Buys New Grit In Texas

The company has inked two deals in 2016 and says it has more opportunities it is exploring as it expands during the downturn.

July 19, 2016

Sanchez Production Partners Closes Sale Of Oklahoma, Kansas Assets

The sale included substantially all of the Houston company's operated oil and natural gas wells, leases and associated assets and interests in the two states. The assets were initially offered for sale in March...

July 19, 2016

Private-Equity Firm Buys Ulterra Drilling Technologies

Ulterra is headquartered in Fort Worth, Texas, and focused on designing and manufacturing matrix and steel PDC bits used in drilling of wells, as well as downhole tools.

July 18, 2016

Bill Barrett Corp. Closes Uinta Basin Noncore Asset Sale

Wells Fargo Securities LLC was Bill Barrett Corp.’s adviser.

July 15, 2016

Houston's AFGlobal To Buy Managed Pressure Operations

The combination of companies creates a complete deepwater managed pressure drilling offering, with technology covering both onshore and offshore applications, according to the release.

July 15, 2016

Sanguine Gas Exploration Expands With $45 Million Anadarko Basin Deal

The assets consist of more than 400 wellbores, of which 130 are operated. The purchase was made in partnership with investors including Nadel and Gussman of Tulsa, Okla., and affiliates of LeFrak Energy in Houston...

July 15, 2016

Equity Proceeds Support Energy Hunter Resources’ Acquisition Of Eagle Ford Acreage

There are no drilling commitments on this acreage until 2017. 

July 14, 2016
Laredo Petroleum, Midland Basin, bolt on, acquisition, enhances, 125 million, Glasscock County, Texas, Reagan County, Spraberry, David Tameron, Wells Fargo Securities, Permian Basin, longer laterals, Wolfcamp, Canyon, Cline, shale, earth model, Randy Fout

Laredo Enhances Midland Basin Footprint With $125 Million Bolt-On

Laredo’s acquisition focuses on its acreage position in western Glasscock County, Texas, where development includes drilling 10,000-foot or longer laterals.

July 14, 2016
Sanchez Energy, war chest, Eagle Ford, shale, midstream, sale, firepower, acquisition, dropdown, Tony Sanchez, Carnero, gathering, processing, Sanchez Production Partners, Targa Resources, JV, pipelines, cryogenic plant, Johnson Rice Co, Richards Layton F

Sanchez Adds To War Chest With Eagle Ford Midstream Sale

Sanchez Energy’s recent midstream divestiture provides the Houston company additional firepower to expand its territory in the Eagle Ford.

July 14, 2016