Acquisitions & Divestitures

EQT, Statoil, buys, next door neighbor, Marcellus, Utica, shale, acreage, Appalachian Basin, Wells Fargo, Gordon Douthat, acquisition

EQT Buys Next-Door Neighbor Statoil’s Marcellus Acreage

The acquisition increases EQT’s core undeveloped Marcellus acreage by 29%, adds 500 locations and allows for extended laterals in one West Virginia county.

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 Whiting, JV, capex, overspend, Bakken, Niobrara, Volker

Despite JV, Whiting’s First Quarter Drains Bakken Behemoth

The company’s capex, net loss and production didn’t reach analyst expectations and an agreement to pay for drilling underwhelmed some analysts.

May 3, 2016

Statoil Divests Its Operated Marcellus Assets

The divestment comprises about 62,500 net acres with equity production from the properties of about 9,300 boe/d f...

May 2, 2016

Ritchie's Oilfield Equipment Auction In Alberta Sets New Records

The world's largest industrial equipment auctioneer said on May 2 it set new company records for the number of sellers and registered bidders at its five-day Edmonton, Alberta, auction.

May 2, 2016

Baker Hughes To Buy Back Stock, Debt After Halliburton Deal Fails

Baker Hughes will get $3.5 billion as part of the merger agreement, which the companies terminated on May 1 after opposition from U.S. and European antitrust regulators.

May 2, 2016

Neos Enters Deal To Acquire CGG's Multi-Physics Business

The acquisition will transform San Francisco-based Neos into a "world leader" in the detection of natural resources, the release said.

April 29, 2016

Indigo Minerals Lands Cotton Valley/Haynesville Acreage For $375 Million

The acquisition included certain producing properties and undeveloped acreage in the core of the plays. Pro forma, Indigo Minerals holds about 160,000 net acres in Northwest Louisiana and East Texas.

April 29, 2016

Black Stone To Buy $102 Million Mineral Package From Freeport-McMoRan

The deal bolsters the Houston-based company's presence in the Permian region with about 100 active permits in the Midland and Delaware basins, including the Wolfcamp and Spraberry intervals

April 29, 2016
Chesapeake, divestiture, Scoop, Stack, Oklahoma, natural gas, private equity

Chesapeake Continues Oklahoma Exodus With Scoop Deal

Casillas Petroleum purchased 12,000 net acres from Chesapeake. In January, a Chesapeake subsidiary produced at least 17.2 MMcf/d on the acreage.

April 29, 2016
Schlumberger, Paal Kibsgaard, oil, drilling, technology, hydraulic fracturing, investment

New Technology, M&A Steer Investment For Schlumberger

The company plans to produce a new hydraulic fracturing system and a ‘land drilling system of the future.’

April 26, 2016
Callon, petroleum, Midland Basin, acreage, establish, new, core, operating, Permian, Howard, Reagan, county, Texas, acquisition, Fred Callon, TRP, energy, Big Star, oil, gas, Moss Creek, Tall City, Plymouth, Encana, Athlon, hot spot

Callon Petroleum Adds Midland Basin Acreage, Establishes New Core

Callon has entered transactions to boost its position in the Midland Basin to about 34,000 net surface acres, including a new core operating area in one of the basin’s hot spots.

April 22, 2016