A&D - E&P


Canamax, Powder Mountain Close Business Combination

Total consideration price was CA$27.6 million. This was based on Powder’s CA$21.7 million estimated working capital surplus and the CA$5.9 million attributed value of Powder’s existing lands, production and reserves.

Fri, 07/31/2015 - 10:50

Lonestar Resources Nets $100 Million Eagle Ford JV

The Fort Worth, Texas, company will be able to drill while hunting down more acquisitions—and without taking a major hit to its balance sheet.

Thu, 07/30/2015 - 09:05

Of Oil And Entropy: Midland Basin Powerhouses Hunt Deals, Stability

E&Ps such as Diamondback continue to outperform their peers as larger, capitalized companies look to buy smaller companies and private equity is on the move, including a new Chinese-backed entrant.
Darren Barbee
Tue, 07/28/2015 - 16:13

Razing Funds? Goodrich Sells Eagle Ford Acreage, Forfeits Oil Production

In an area where Goodrich spends no capex, the company sold 2,850 boe/d in production in the Eagle Ford but apparently did not receive credit for its undeveloped acreage.

Darren Barbee
Mon, 07/27/2015 - 11:26

Shale’s Magnificent Seven May See Majors Gunning For Deals

A Goldman Sachs analyst identifies targets for major oil companies that have failed so far to gain entry into shale plays and need to replace depleted reserves.

Darren Barbee
Fri, 07/24/2015 - 12:15

Arabella Sells Assets In Exchange For Permian Properties, Cash

The $47 million transaction more than quadruples the Fort Worth, Texas-based company’s net acreage in the Permian Basin and ups production by 15%.

Thu, 07/23/2015 - 12:30

Consol’s Biggest Shareholder Urges Gas Unit Sale Or Spinoff

Southeastern Asset Management Inc., Consol’s largest shareholder, said in a filing that it will meet with management and others about possibly selling the gas unit, Bloomberg said. 

Wed, 07/22/2015 - 10:54

Penn Virginia’s Latest Deal Buys Time During Leverage Crunch

The Radnor, Pa.-based company kept its Eagle Ford assets and instead sold its East Texas terrain, where it had abandoned drilling but continues to face questions about its leverage.

Mon, 07/20/2015 - 13:08

FourPoint’s Latest Anadarko Deal Far From Last, CEO Says

George Solich said FourPoint aims to be the largest producer in the Anadarko Basin. Meanwhile, the company continues to scour the Permian for an entry point.

Fri, 07/17/2015 - 11:29

Penn Virginia Sells East Texas Assets For $75 Million

Third-party engineers said there were 13.7 thousand barrels of oil equivalent of estimated proved reserves on the divested properties at year-end 2014. The sale closes at the end of August.

Wed, 07/15/2015 - 16:23

Looking For An Uptick In M&A

Deal-making opportunities for E&P’s are expected to grow stronger through 2016, an investment service predicts. The midstream sector will remain open to M&A activity amid waning opportunities for organic growth.

Wed, 07/15/2015 - 11:23

DOJ Extends Review Date Of HAL-BHI Merger

The Department of Justice’s review date of Halliburton’s acquisition of Baker Hughes was extended to the later of Nov. 25 or 90 days after "substantial compliance" is achieved, Reuters said. 

Fri, 07/10/2015 - 16:32