Acquisitions & Divestitures

Amec Foster Wheeler Will Sell Assets For 100 Million British Pounds

The company said it planned to cut annual costs by 100 million pounds with a reduction in overhead expenses, Reuters reported.

8:48 am

Maverick Sheds Assets For Eagle Ford Growth

Maverick Drilling & Exploration agreed to sell a South Texas oil field to divert much-needed capital to its Eagle Ford acreage, the Houston-based company said Oct. 26.

October 26, 2016
EQT, Marcellus, Statoil, Rice Energy, Vantage, A&D, M&A

EQT Amasses More Marcellus Acreage For $680 Million

In its second Appalachia deal of 2016, the company adds acreage and 350 locations in Pennsylvania and West Virginia.

October 25, 2016
Clayton Williams, Giddings Field, East Texas, Permian, pure play, A&D, M&A

Clayton Williams Divests Eagle Ford For Permian Purity

The company will sell about one-third of its production base to focus on its Delaware Basin assets.

October 25, 2016

Callon Closes Acquisition Of Midland Basin Assets From Plymouth

Callon's surface acreage position in the Midland Basin now totals more than 40,000 net acres, with roughly 20,000 net acres focused in Howard.

October 24, 2016
Carrizo Oil & Gas, Sanchez Energy, Eagle Ford, A&D, M&A, LaSalle, McMullen, Atascoasa

Carrizo Buys Sliver Of Sanchez Eagle Ford Assets For $180 Million

Update: Carrizo upsizes equity offering to finance deal, with gross proceeds expected to be about $225 million.

October 24, 2016

Downhole Supplier Rubicon Oilfield Acquires Tool Supplier Logan International

Logan employees will leverage...

October 24, 2016

DualEx Closes Acquisition Of Producing Peace River Arch Assets

DualEx also said that Jason Schoenfeld was appointed as vice president of engineering, effective Oct. 20. Schoenfeld is a professional engineer with 20 years...

October 21, 2016
Gastar Exploration Inc, refuels, Stack, JV, joint venture, noncore, sale, Midcontinent, pure play, Houston, Oklahoma, Kingfisher County, liquidity, revolver, borrowing base, redetermination, debt, Gabriele Sorbara, The Williams Capital Group, analyst, Mik

Gastar Refuels With Stack JV, Noncore Sale

Several maneuvers to free liquidity will likely fund the Houston-based company through 2018, analysts said.

October 20, 2016
Dril Quip, TIW Corp, land ho, ashore, $143 million, deal, acquisition, liner hanger system, oilfield service, Halliburton, Baker Hughes, Weatherford, J David Anderson, analyst, Barclays Capital, merger, offshore, DRQ, revenue, debt, president, CEO, Blake

Land Ho! Dril-Quip Comes Ashore In $143 Million Deal

The company picks up TIW Corp., founded during the First World War, for its first acquisition since it was formed in 1981.

October 19, 2016

Shell: More Than $500 Million Worth Of Upstream Assets For Sale

Shell is currently offering 16 assets worth more than $500 million for sale as part of its vast $30 billion three-year asset sales program, the oil and gas company's head of upstream Andy Brown said on Oct. 19.

October 19, 2016

Casillas Closes Purchase Of Continental's Scoop Assets

The acquisition boosts Casillas footprint in the Scoop to more than 42,000 net acres, with 'immediate' development potential in the Woodford and Springer shales, CEO Greg Casillas says.

October 19, 2016