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The company is overselling shares to pay for a $120 million deal, shore up capex and gain additional time to divest in the Eagle Ford.
Deutsche Rohstoff AG foots a $38.1 million Williston purchase that will generate $200 million in revenue.
On Dec. 1, PLS Energy Advisory Group reported five new property listings.
Block 8 West Badr el Din and Block 9 South East Meleiha cover 6,714 square kilometers (2,592 square miles or 1.7 million acres) in total.
While the outlook for a sustained price recovery remains cloudy, institutional investors are trending bullish on oil and gas equities. Are they portending an imminent rebound?
If successful, the blocks could generate up to $4 billion worth of investment each, and as much as $11 billion in the case of Trion, Joaquin Coldwell said, citing Pemex estimates.
The divestment is part of Centrica's drive to focus its oil and gas E&P activity on Britain, the Netherlands and Norway, Reuters reported.
Despite emerging from bankruptcy in April, Swift was among the top Texas natural gas producers in 2015.
Tesoro Logistics Rockies LLC agreed to buy the assets for $700 million, with about half of the proceeds going to Whiting.
The acquired land includes wells and facilities in Raging River’s core Kerrobert and Lucky Hills producing areas in southwest Saskatchewan.
James Phillips, president and CEO of Africa Energy, said that PEL 37 contains a series of extensive base-of-slope fan prospects with significant combined resource potential. The fans directly overlie a mature oil-prone source rock of Aptian age, he said.
A purchase and sale agreement relating to each block must be submitted to Ecopetrol by Dec. 7 and executed by Dec. 22, Reuters reported.