Acquisitions & Divestitures

Noble, BG, Cyprus, offshore, Israel, LNG, regulations, TPH, gas, Aphrodite, Leviathan

Noble Energy Adds Cyprus Partner, Divests Israeli Offshore Licenses

Noble gets a subpar price for some of its interest offshore Cyprus, including the Aphrodite natural gas discovery, while new regulations force the sale of offshore Israel licenses.

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Kaisen Energy, Kern Energy Form Acquisition Partnership

The management team of Kaisen, formed in 2013, has experience with conventional oil in the Western Canadian Sedimentary Basin, in the...

November 23, 2015
Resolute, Gardendale, Midland Basin, debt, NYSE, Wolfcamp, Texas, sale

Resolute Liquidates Portion Of Midland Basin To Pay Debt

Resolute will also work on the potential sale of its Reeves County midstream infrastructure assets to chip away at its more than $700 million of outstanding debt.

November 23, 2015

Jericho Continues Rolling Up Distressed Central Oklahoma Assets

The acquisition is in Seminole, Pottawatomie, Lincoln and Payne counties, spanning five contiguous land packages. Multiple productive reservoirs include Hunton, Mississippi Lime, Red Fork and Skinner.

November 23, 2015

Quintana, Archer's North American Well Services Entities To Combine

Combined, the company will operate 408,000 HHP, 23 coiled tubing units, 33 snubbing units, 24 cementing units, 23 nitrogen pumping units, 25 fluid pumping units, 86 wireline units, 120 directional kits and more...

November 23, 2015
WPX, Newfield, Abraxas, A&D, Eagle Ford, Bakken

E&Ps Take Their Wares To The A&D Runway

WPX Energy and Bill Barrett are among E&Ps actively divesting assets to pay off debt, pay for their own acquisitions or focus on core plays. Other companies are trying to buy, but continue to see private...

November 20, 2015

Alaska Receives $9.5 Million In North Slope Lease Sale

Bidders included Accumulate Energy Alaska Inc. and Burgundy Xploration LLC, bidding together, 70 & 148 LLC and ConocoPhillips' Alaska subsidiary.

November 20, 2015

Trilogy Plans Sale Of Certain Duvernay Assets For $85 Million

The deal includes 11 net sections of the Calgary, Alberta company's Duvernay mineral rights in the volatile oil window of its Kaybob Duvernay play.

November 20, 2015
RSP Permian, Midland, A&D, acquisition, liquidity, equity offering

Liftoff: RSP Permian Closes Midland Deal, Ups Liquidity

Since August, RSP Permian’s acquisitions have added net production of 3,500 boe/d, 277 net horizontal locations and 47,000 net effective horizontal acres while raising liquidity enough to offset overspending.

November 19, 2015

NuTech Energy Buys Producing Powder River Basin Wells

The Gillette, Wyo.-based company has set its sights on more than 2,000 wells that have been selected for acquisition over the next six months, the release said.

November 19, 2015

88 Energy Adds 174,000 Gross Acres To North Slope JV

The partnership now has a 272,242 gross acre position in Alaska, which is almost triple that prior to the acquisition, the release said.

November 19, 2015

BLM Rescheduling Postponed Utah Oil, Gas Lease Auction

Reuters reported that Bureau of Land Management said there is no new date for oil and gas lease auction on 39 parcels...

November 18, 2015