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The company said it planned to cut annual costs by 100 million pounds with a reduction in overhead expenses, Reuters reported.
Callon's surface acreage position in the Midland Basin now totals more than 40,000 net acres, with roughly 20,000 net acres focused in Howard.
CWEI said that the transaction will transition it into a pure play Permian Basin company, strengthen its balance sheet and liquidity, and allow it to focus on developing about 70,000 net Southern Delaware Basin acres.
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.