Acquisitions & Divestitures

Devon Hires Jefferies As Banker In Sale Of Noncore Assets

"We are moving ahead with the divestiture program and have already received numerous indications of interest," Howard Thill, Devon's senior vice president for communications and investor relations told Reuters....

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Canadian Companies Sell Assets While Continuing Oil Sands Projects

Husky Energy Inc., MEG Energy Corp. and others are selling assets or slowing light and conventional oil E&P, even while continuing with oil sands projects that are losing money, Reuters said.

February 9, 2016

Rockdale Diversifies With Service Company Acquisition

Askarri, based in Houston, has been dormant for the last few years, the release said. However, the company is said to have history with major oil companies, providing services to both onshore and offshore oil and...

February 9, 2016
Chesapeake, bankruptcy, debt, attorney, acquisition, divest

Chesapeake Counters Market Knee-Jerk, Says It’s Not Filing Bankruptcy

A news report that said the company had hired a restructuring attorney sent the price of the stock tumbling, but Chesapeake countered it had no intention of filing for bankruptcy.

February 8, 2016

Suncor Successfully Acquires 70% Stake In Canadian Oil Sands

Suncor has extended its offer to Feb. 22 so that Canadian Oil Sands shareholders who have not yet tendered their shares can do so. Further extensions beyond Feb. 22 are not anticipated, the release said

February 8, 2016

Stude Joins Citadel Advisory Group As VP Business Development

John Stude was vice president of business development for North America services at Superior...

February 5, 2016

EU Clears Acquisition Of Cameron By Schlumberger

"The proposed acquisition would raise no competition concerns, given the very limited overlaps between the companies' activities and the modest increment in market shares brought about by the transaction," the...

February 5, 2016
A&D, Devon, Encana, RBC, Craig Lande, 2016, oil, gas

Moving On: Why A&D Activity Will Increase In 2016

Craig Lande, managing director at RBC Richardson Barr, says A&D will be different in 2016: capital markets are tightening, 20% of production is hedged and demand is hopelessly outmatched by supply.

February 4, 2016
schlumberger, Keane, private equity, A&D, oilfield services, pressure pumping

Oilfield Service Companies Buy Now To Live Another Day

Pressure pumpers are seeing bids cluster, a signal that concessions for E&Ps may have bottomed and that some oilfield service companies may start to fall by the wayside.

February 4, 2016

Recently-Formed Resource Energy Reveals Williston Acquisition

The deal, the company's first, included 112 total wells, 54 operated, with 2,300 barrels of operated oil equivalent per day production in the Williston.

February 4, 2016

Spyglass Resources' Western Canadian Assets On The Market

The assets include working interests in 545,894 gross acres gross acres of land in Alberta and British Columbia (including 345,708 net undeveloped acres).

February 4, 2016

Tidewater To Buy Alberta Deep Basin Gas Processing, Gathering Assets

The assets include 100% working interest in select Deep Basin and central Alberta gas processing facilities and related infrastructure. The majority are located in Tidewater's core West Pembina region.

February 3, 2016