Acquisitions & Divestitures

Emerald, oil, stalking horse, bidder, Bakken, shale, assets, Crestline Management, Sole Source Capital, private equity, bankruptcy, North Dakota, Montana, Williston Basin, Chapter 11, debt, Latium Enterprises, Intrepid Partners, Kirkland Ellis, Opportune

Emerald Oil Lines Up Stalking Horse Bidder For Bakken Assets

As Emerald's stalking horse, affiliates of Fort Worth, Texas-based Crestline Management and Los Angeles-based Sole Source Capital will buy substantially all of the company's assets for about $73 million.

8:15 am

Arsenal Energy Unloads Bakken Shale Assets To Cover Debt

Arsenal operates three prospect areas with Bakken/Three Forks production in the Williston Basin in Montrail, Williams and Burke counties, N.D.

7:45 am
Eagle Ford, reopen, acquisition, divestiture, business, limited hours

Eagle Ford May Reopen For A&D Business, But With Limited Hours

Few transactions have emerged in the Eagle Ford in 2016 but a new company is using the 'acquire and exploit' model to cut deals with large leaseholders for noncore assets.

May 27, 2016

US Silica Closes Acquisition Of Ottawa White Sand Acreage In Illinois

The acquisition includes a fully permitted, 327-acre parcel of land adjacent to its existing silica sand mine and plant. The reserves are high quality Ottawa White sand and will produce coarse and medium to fine...

May 24, 2016

Europa Oil & Gas Signs Farm-out For Weald Basin Interest

Under the farm-out, UJO will acquire a 7.5% working interest in PEDL143 from Europa, paying 15% of the costs to drill the exploration...

May 23, 2016
delaware basin, Permian, Parsley, working interest, NRI

Trigger-Happy Acquirer Parsley Pulls Another Buy In Delaware Basin

The company purchased mineral rights under its existing acreage to increase its working interest and net revenue interest.

May 23, 2016

Purchase Of Chaffee Corners Marcellus Stake For Thailand’s Banpu Closes

Transaction’s total value is $112 million. There are 156 billion cubic feet of 1P reserves, 62 producing wells and 14 waiting on completion; and there are more than 170 de-risked locations. 

May 23, 2016

Redwater Legal Decision Could Raise Number Of Orphaned Alberta Wells

More than 79,000 inactive Alberta wells could become Orphan Well Association’s responsibility due to May 18 ruling giving lenders priority over environmental cleanup costs in oil and gas bankruptcies, Reuters...

May 23, 2016

Spartan Receives Saskatchewan Light Oil Assets Through Wyatt Acquisition

There are about 1,330 barrels of oil equivalent per day (boe/d)--76% light oil and liquids—being produced in the Alameda and Elcott...

May 19, 2016
stalking horse, Rice Energy, Marcellus, Alpha, Wells Fargo

Stalking Horse Bidder Rice Energy Thrown By Rival In The Marcellus

The company had agreed to purchase about 27,000 net acres for $200 million but was outbid by an undisclosed party by about $140 million.

May 19, 2016

Hawkwood Energy Buys Producing Assets In East Texas' Eagle Ford Shale

Hawkwood will continue to seek "additional similar opportunities to acquire quality assets to add to our East Texas position," CEO Patrick Oenbring says.

May 19, 2016