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.
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.
Centrica produces about 64,000 barrels of oil equivalent per day in Canada, of which 90% is natural gas. The company's operations are focused on southern Alberta and Saskatchewan, Reuters reported.
There are about 4,860 gross acres on the acquisition property, 100% HBP to the base of the San Andres Formation.
Bharat Petroleum was India's first state-owned refiner to venture into the upstream oil business when it bought minority stakes in Brazilian blocks in 2007, Reuters reported.
The Martin Linge oil field offshore Norway is expected to start production in early 2018.
A spokesman for Maersk Oil confirmed the details of the RockRose statement, Reuters reported.
CEFC has, over the past few years, lined up preliminary deals for equity oil production in Kazakhstan, Russia and Abu Dhabi, but the Chad acquisition was the first to be finalized, Reuters reported.
On the acquired assets in the Wilrich, Notikewin, Glauconite and Bluesky formations, about 149 gross (104.1 net) horizontal locations have been identified.
When the sale is completed, Samson will focus its capital and operations on the recently acquired Foreman Butte project, which is has operated for about three months.