Acquisitions & Divestitures

Debt Management: Resolute Deals Noncore Midland Basin Assets

The Denver company’s sale in the Permian Basin deal could be followed a deal for the Denton Field in Lea County, N.M. to chip away at $785 million debt.

10:53 am

ExxonMobil Starts Hadrian South Production In US GoM

ExxonMobil is co-venturer with Brazil's Petrobras and Italy's Eni in the Hadrian South, in the U.S. GoM's Keathey Canyon area. Hadrian South is ExxonMobil’s deepest subsea tieback.

10:35 am

Russia’s Eurasia Drilling Extends Schlumberger Deal Deadline

In February, Schlumberger said it planned buying a 45.65% stake in Eurasia for about $1.7 billion, potentially becoming sole owner of Russia's most active oilfield services company, Reuters said.

8:48 am

Chevron Will Exit Australian Shale Gas

Chevron Global Energy Inc. will sell its stake in refiner Caltex Australia Ltd., Business Wire said. Bloomberg...

March 27, 2015

Marquee Closes Michichi Acquisition

Richard Thompson, president and CEO, said the acquisition...

March 26, 2015

Patriot Royalties Offers Eagle Ford Acreage

The Eagle Ford acreage contains eight wells currently producing 40,000 barrels of oil and 13 million cubic feet of gas per month.  There are also additional proven undeveloped opportunities.

March 25, 2015

Austin Exploration, Pierre Energy Partners Form Colorado-Focused JV

Australia-based Austin is operator of an 11,560-acre Pathfinder oil and gas property in Fremont County, Colo., and it agreed to have Pierre drill two wells back-to-back in April and May. 

March 24, 2015

EnLink Midstream Will Acquire Victoria Express Pipeline

The pipeline transports condensate from DeWitt County, Texas, to the Port of Victoria. It handles about 50 Mbbl/d. The dropdown transaction’s total cost ranges between $210 million and $220 million.

March 24, 2015

Quantum Energy Partners, Linn Energy Partner For A&D

Private-equity firm...

March 24, 2015