Acquisitions & Divestitures

Wolfcamp, Anadarko, APC, Tronox, Kerr McGee, Eagle Ford, rig count, A&D, Delaware Basin, Wattenberg

Anadarko Leaves Engine Idling, Foot On The Gas Pedal

The company is carefully managing its larder of assets, slowing down its Eagle Ford assets and building up the Delaware Basin for the day oil prices recover.

March 30, 2015

Debt Management: Resolute Deals Noncore Midland Basin Assets

The Denver company’s sale in the Permian Basin could be followed by a deal for the Denton Field in Lea County, N.M., to chip away at $785 million debt.

March 30, 2015

Harvest Considers Restructuring After Venezuela Sale Fails

Houston-based Harvest has tried twice to sell its Venezuelan assets. The company holds a 20% stake in Petrodelta, a joint venture with state-owned Petroleos de Venezuela SA, Reuters said.

March 30, 2015

Chevron Abandons Cooper Basin Shale Venture

As a result of this decision, all Chevron equity interests in the joint ventures will return to Beach Energy for nil...

March 30, 2015

Russia’s Eurasia Drilling Extends Schlumberger Deal Deadline

In February, Schlumberger said it planned buying a 45.65% stake in Eurasia for about $1.7 billion, potentially becoming sole owner of Russia's most active oilfield services company, Reuters said.

March 30, 2015

Chevron Will Exit Australian Shale Gas

Chevron Global Energy Inc. will sell its stake in refiner Caltex Australia Ltd., Business Wire said. Bloomberg...

March 27, 2015

Marquee Closes Michichi Acquisition

Richard Thompson, president and CEO, said the acquisition...

March 26, 2015

Patriot Royalties Offers Eagle Ford Acreage

The Eagle Ford acreage contains eight wells currently producing 40,000 barrels of oil and 13 million cubic feet of gas per month.  There are also additional proven undeveloped opportunities.

March 25, 2015