Acquisitions & Divestitures

Noble Energy, Clayton Williams Energy, merger acquisition, purchase, buy, Delaware Basin, Permian Basin, West Texas, Reeves County, Ward County, Wolfcamp, shale, fracking, horizontal drilling, Mike Kelly, Seaport Global, analyst, David Tameron, Wells Farg

Noble Upgrades Delaware Acreage With Clayton Williams Deal

Noble’s purchase of Clayton Williams will address inventory concerns with the addition of 2,400 locations in the Delaware core.

January 17, 2017

TechnipFMC Begins Operations As Combined Company

Doug Pferdehirt is CEO of TechnipFMC, and there are 44,000...

January 17, 2017
ExxonMobil, acquisition, Permian Basin, Bass family owned, Delaware Basin, oil, natural gas, merger

ExxonMobil Steps Up Shale Story With $6.6 Billion Delaware Deal

The acquisition is expected to add 3.4 Bboe, bringing ExxonMobil’s Permian resource base to 6 Bboe, the company said.

January 17, 2017

Noble To Acquire Clayton Williams For $3.2 Billion

As a result of the combination, Noble will become the second-largest acreage holder in the Delaware Basin with nearly 120,000 net acres in the Delaware core

January 16, 2017
Anadarko Petroleum, deal, acquisition, divestiture, Sanchez Energy, Blackstone, Eagle Ford, shale

Anadarko Petroleum’s $2.3 Billion Deal With Sanchez Tilts Eagle Ford Balance

Sanchez and private-equity company Blackstone Energy will pay in equally for 155,000 net acres in the Eagle Ford while Anadarko looks to spend in the D-J and Permian basins.

January 13, 2017
Wattenberg, D-J Basin, Acquisition, Weld, Colorado, Synergy Resources

Synergy Heads Off Budget Busting With Wattenberg Acreage Sale

The company increased its available liquidity to about $200 million through the sale of 10,000 acres, about roughly 6% of its production.

January 12, 2017

Alpine 4 Technologies Acquires Horizon Well Testing

Alpine 4 Technologies Ltd. acquired Horizon Well Testing oilfield services company for $5.5 million, effective immediately, a Jan. 11 press release said....

January 12, 2017
WPX Energy, Delaware Basin, bolt on, acquisition, drilling inventory, Panther Energy, Carrier Energy Partners, Permian Basin, West Texas, Reeves County, Loving County, Winkler County, Ward County, RKI Exploration, Rick Muncrief, Credit Suisse, Oil and Gas

WPX Hooks $775 Million Bolt-On In Delaware Basin

The bolt-on will increase WPX’s Permian operations to more than 120,000 net acres and deepen its drilling inventory in the Delaware Basin. (Updated 2:37 p.m. CT Jan. 13)

January 12, 2017
SM Energy, divestiture, Bakken, Willistion, Permian, Eagle Ford, Texas

SM Energy Marketing Bakken Core As Focus Shifts To Texas

The company’s Divide County, N.D., assets could command more than $600 million, analysts said.

January 12, 2017

Synergy Resources Discards 10,000 Net Acres In D-J Basin

The divestment helps strengthen Synergy's balance sheet and also consolidate its footprint, said Lynn A. Peterson, the company's chairman and CEO.

January 12, 2017

Rex Closes Sale Of Ohio Warrior Utica South Assets To Antero

The sale included 14 gross wells and about 4,100 net acres in Guernsey, Noble and Belmont Counties in Ohio; the assets are currently producing about 9 million...

January 11, 2017
Stack play, Alta Mesa, Felix Energy, High Mesa, Bayou City, wells, Oswage

Alta Mesa Boosts Stack Production In Deal With JV Partner

The company’s net production will increase by 4,000 boe/d to 17,600 boe/d, a 30% increase.

January 11, 2017