A&D - E&P
The aggregate price for the acreage agreements, made with "multiple sellers," was about $252 million, Parsley said.
Price pressures on commodities are likely to drive more deals and private equity will likely continue to invest.
The transactions, which are subject to normal closing conditions, will enable WPX to divest its mature coalbed methane holdings and bolster high-growth San Juan oil acreage by more than 50%.
PetroChina has reported proven crude oil reserves of 1.55 billion barrels in Xinjiang.
The acquisition 'nearly doubled' the size of Rex's Appalachian core.
The deal included 'additional shale acreage in Pennsylvania,' Bloomberg said.
The company entered into multiple agreements with unrelated third-party sellers.
The company closed an acquisition and entered an amended credit agreement.
According to Bloomberg, a person familiar with the matter said that Blackstone would pay about $1.2 billion for Shell’s half-interest in the Haynesville Formation.
The sale to an undisclosed buyer is a result of 'a decline in natural gas prices,' Bloomberg said.
Canadian Natural closed on the CA$3.13 billion (US$2.86 billion) purchase of Devon’s conventional assets in western Canada in April, Bloomberg said.
Earnings reports from the second quarter of 2014 showed some companies can’t buy a break.