A&D - E&P


Cobalt Leaves Angola Coast For Gulf Of Mexico In $2 Billion Deal

Cobalt International made huge discoveries in a seven-year period offshore Angola but cedes interest after a federal investigation, low oil prices and uncertainty for all oil producers.

Emily Moser
Wed, 08/26/2015 - 08:33

Deal Gives Encana Exit From Louisiana Haynesville

After a decade in the Haynesville, the company shifted from natural gas to a broader asset base that included liquids. The company also gains relief from obligations to its midstream assets.

Emily Moser
Tue, 08/25/2015 - 12:30

A&D This Time

This downturn is proving not to be V-shaped after all. Here’s how buyers and sellers can make the best of it. 

Fri, 08/21/2015 - 17:08

Orogrande Basin Update

Torchlight offers 168,000 contiguous acres in the heart of the Orogrande and has executed a five-year drilling lease with a second five-year option with the state of Texas University Land System.

Fri, 08/21/2015 - 16:28

McClendon’s American Energy Partners Eying Australian Shale

The farm-in deal comes in the wake of reports that McClendon was eyeing Australia’s McArthur Basin as a shale hotspot for his first venture out of the U.S.

Emily Moser
Thu, 08/20/2015 - 15:02

ERG Companies Cancel 363 Sale Process

The companies’ assets have over time included areas on the U.S. Gulf Coast and in California, the Illinois Basin, Texas and Louisiana, according to ERG Resources LLC’s website.

Thu, 08/13/2015 - 10:33

ArcLight Affiliate Will Drop Down Interest In Delta House FPS

The Delta House floating production system dropdown is scheduled to close before year-end 2015, for $162 million. ArcLight’s remaining interest in Delta House could potentially be dropped down. 

Tue, 08/11/2015 - 15:25

Penn Virginia Hires Eagle Ford Transaction Adviser Amid Faltering Production

Penn Virginia, facing tightening liquidity and a shrinking borrowing base, may sell assets or equity in an unfavorable market in order to maintain production.

Wed, 08/05/2015 - 12:42

Midstream Accelerates In M&A Race; E&Ps Stuck In Neutral

PwC analysis of energy sector transactions shows overall uptick, with upstream expected to pick up pace in second half of year.

Wed, 08/05/2015 - 11:40

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