We provide specialized data/information products and member-only services to targeted audiences worldwide and rank among the leading providers of news, data and analysis for the global energy industry.
DualEx also said that Jason Schoenfeld was appointed as vice president of engineering, effective Oct. 20. Schoenfeld is a professional engineer with 20 years’ experience in the western Canadian oil and gas industry.
Rustem Khamitov, president of Russia's internal Republic of Bashkortostan, said on Oct. 21 it was unlikely that Russian oil major Rosneft will offer to buy its 25% stake in Bashneft, Reuters reported.
State-controlled Eni, which owns 50% of Area 4, had previously said it was ready to sell up to 25% as part of a disposal program to help fund growth, Reuters reported.
In 2015, the fields had a cumulative daily production of about 1,000 barrels of oil equivalent per day, representing less than 1% of OMV Petrom's daily production, Reuters reported.
Now, Harvest's primary tangible asset is its oil and gas interests in Gabon. Harvest has received two proposals for the purchase of its Gabon interests and is in discussions with both potential buyers.
Sources said the Marcellus assets, which are in Pennsylvania, have drawn interest from parties in the U.S. and Asia. Sources said that private-equity firms are the most likely buyers, Reuters reported.
With the Permasense acquisition, St. Louis-based Emerson will be the largest provider of integrity and corrosion management solutions.
Perisson will operate the properties. It plans to recomplete one of the wells at Ribstone and convert another to provide onsite water disposal.
Newfield reaffirmed its previous third-quarter 2016 production guidance, saying the sales will likely not materially affect third-quarter production.
Dennis Mills, chair of the independent committee of the board of directors, said Pacific Exploration’s long-term goal to improve liquidity aligns with the sale.
A 60-day due diligence period to confirm title is currently underway, and the transaction is anticipated to close within that time period, Dallas-based Energy Hunter said.
Also, 353,777 net acres of undeveloped lands not assigned reserves at year-end 2015 are included in the transaction, which is expected to close by Oct. 1.