A&D - E&P

Free

Perpetual Closes Warwick Gas Storage Disposition

Taking into account that CA$214.4 million notes have been swapped for Tourmaline shares, Perpetual estimated its total net debt at about CA$29.5 million, down about 86% from year-end 2015’s CA$203.6 million.

Erin Pedigo
Thu, 05/26/2016 - 15:24
Free

Chinook Enters Gold Creek Asset Disposition Agreement

When sale closes, Chinook will have 24.5 sections and 35 sections of Montney lands at Gold Creek and Knopcik, respectively, and will retain ownership of two horizontal Montney Gold Creek wells.

Erin Pedigo
Thu, 05/26/2016 - 14:15
Free

Marketed: Marathon Oil's Uinta Basin Wells, Acreage

Marathon Oil Corp. (NYSE: MRO) is divesting operations covering about 2,720 gross (2,080 net) leasehold acres in the Uinta Basin through a sealed-bid offering.

The sale includes 18 wells in the Ferron Sandstone Formation in Carbon County, Utah. EnergyNet has been retained by a subsidiary of the Houston-based company to handle the sale.

Erin Pedigo
Thu, 05/26/2016 - 13:53
Free

Marketed: Operated Wolfcamp Development, Forge Energy

Forge Energy LLC is marketing its operated Wolfcamp development in the Permian Basin.

The offering includes interest in about 12,000 gross/net acres in Pecos County, Texas. The Oil & Gas Asset Clearinghouse has been retained by the San Antonio-based company to handle the sale.

Erin Pedigo
Wed, 05/25/2016 - 09:13
Free

US Silica Closes Acquisition Of Ottawa White Sand Acreage In Illinois

The land will add about 30 million tonnes of proven reserves of high-quality Ottawa White sand that will produce coarse and medium-to-fine grades for use in oil and gas proppants and in other industries.

Erin Pedigo
Tue, 05/24/2016 - 15:19
Free

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 well at Holmwood.

Erin Pedigo
Mon, 05/23/2016 - 17:33
Free

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. 

Erin Pedigo
Mon, 05/23/2016 - 14:12
Free

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 reported.

Erin Pedigo
Mon, 05/23/2016 - 10:33
Free

Marketed: Operated Core Midland Basin Assets, Harmonia Petroleum

Harmonia Petroleum Corp. is offering its operated core Permian Basin oil and gas assets in Howard and Borden counties, Texas.

The offering includes leases covering more than 16,000 gross (15,000 net) acres in the Midland Basin. The assets have been largely de-risked and further delineated through horizontal drilling by offset operators, according to CohnReznick Capital Markets Securities LLC, which has been retained as the company’s exclusive adviser.

Erin Pedigo
Fri, 05/20/2016 - 09:10
Free

Marketed: Taos Resources’ Operated Midcontinent, Gulf Coast Assets

Taos Resources Holding Co. LLC is selling its operated Midcontinent and Gulf Coast oil and gas assets throughout Kansas and Texas.

The assets include a large, oil-weighted and largely-HBP position with economic upside opportunities, according to Detring & Associates LLC, which has been retained by the Houston company as exclusive adviser.

Erin Pedigo
Tue, 05/17/2016 - 11:22
Free

Carlyle-backed Mazarine Energy Will Acquire European, North African Assets

Mazarine will seek low cost, low-risk investments in onshore fields in Romania and North Africa, chairman and founder Edward van Kersbergen told Reuters. CIEP acquired Romanian assets in March 2015.

Erin Pedigo
Mon, 05/16/2016 - 10:27
Free

Marketed: Permian Basin Leasehold Acreage, Producing Wells

Eland Energy Inc. and Autonomous Oil LLC are marketing assets in the Permian Basin in Texas, according to EnergyNet, which is handling the sales.

Eland Energy is selling interests in 14 wells, 12 of which are producing, in Glasscock County, Texas. In a sealed-bid offering, Autonomous Oil is selling Midland Basin leasehold acreage in Howard County, Texas.

Erin Pedigo
Fri, 05/13/2016 - 11:05

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