Acquisitions & Divestitures

Gulfport, Utica, Rice Midstream, Rice Energy, infrastructure, M&A, deal, A&D, JV

Despite Cash Crunch, Rice Forms Utica Midstream JV With Gulfport

Rice and Gulfport team up to build Utica midstream assets in the dry gas core of the Utica, but Rice faces an estimated $424 million spending deficit in 2016.

October 9, 2015

Vanguard Wraps Up Merger With Eagle Rock Energy Partners

In April Vanguard and LRR Energy LP announced a similar deal worth $539 million, which was announced closed on Oct. 5.

October 8, 2015
Encana, DJ Basin, asset sales, M&A, A&D, Canada, Permian, Eagle Ford, oil, gas

Encana: Au Revoir To The D-J

Encana sells 51,000 acres in Colorado’s D-J Basin while continuing to focus on core assets in the U.S. and Canada and giving investors a discount entry point to the Permian and Eagle Ford.

October 8, 2015
EOG Resources, D J Basin, East Texas, Meagher

EOG Moves Earth Again, Offering D-J Basin, East Texas Leasehold

In September, EOG marketed about 130,000 acres in Wyoming, Colorado and Utah to divest noncore acreage. The company, with about $3.4 billion in liquidity, is a favorite among analysts.

October 8, 2015

Rice, Gulfport Form Midstream JV In Ohio's Utica Shale

The JV significantly increases Rice's leading midstream position in the core of the Utica Shale.

October 8, 2015

Resolute Closes Powder River Basin Sale, Boosts Liquidity

Resolute also said the borrowing base of its revolving credit facility has been set at $165 million as part of its fall redetermination.

October 8, 2015

Encana To Sell D-J Basin Assets For $900 Million

Under Chief Executive Doug Suttles, Encana is transforming into a major oil producer by concentrating spending on regions rich in gas liquids and oil and selling off natural gas assets.

October 8, 2015

Canadian Oil's Shareholder Rights Plan Approved Amid Suncor's Bid

Investors have more time to weigh Suncor’s unsolicited all-stock offer for Canadian Oil after its...

October 7, 2015
RSP Permian, potential acquisition, Midland Basin, horizontal, stock, offering

RSP Mulls ‘Potential’ Midland Deal; Engineers $194 Million Stock Offer

RSP Permian said it has signed a letter of intent to buy about 4,000 net Midland acres from a company owned by RSP affiliates while simultaneously opening up millions of shares for purchase.

October 7, 2015

RSP Aims To Acquire Core Midland Basin Assets For $137 Million

If the potential acquisition closes, the company will have increased its horizontal development inventory in the core of the Midland Basin by more than 25% in the past few months.

October 7, 2015

Pengrowth Will Sell Bodo Property In Alberta

Bodo produced about 2,700 barrels of oil equivalent per day, 87% liquids, on average year-to-date, which ended Aug. 31. The property will sell for CA$95 million.

October 6, 2015
Eagle Ford, Bakken, Earthstone, oil, gas, M&A, A&D, deal

Earthstone Keeps Eagle Ford, Permian, Rockies Under A&D Surveillance

Earthstone made multiple purchases in the Eagle Ford in June and also did a miniature deal in the Bakken, but continues to look for another core to hold.

October 6, 2015