A&D - E&P

Source: India Will Auction Oil Exploration Rights By June

The South Asian nation's previous licensing rounds saw a lukewarm response from global oil giants because of tax issues and doubts about the quality of the blocks on offer, Reuters reported.


Blackbird Will Acquire Additional Montney Rights From Paramount Resources

The acquisition lands are south of the Wapiti River. After the acquisition closes, Blackbird will have significant blocks of land north and south of the river. 


Parsley’s Sheffield: Midland’s Fragmented Pieces Drive A&D

The complexity of mineral ownership and working interests creates opportunities for landmen who can put together large tracts of acreage, Sheffield said.


Mexico's Alfa Selling Oil Assets In Eagle Ford, Peru; Halting Energy Spending

Alfa holds mineral rights in southeast Texasin the Eagle Ford and in the Edwards and Wilcox fieldsas well as in Oklahoma, Kansas and Colorado, Reuters reported.


Petrus Will Acquire Ferrier Cardium Interests

A non-brokered private placement of about 1.58 million common shares priced at CA$2.53 each—for gross proceeds of about CA$4 million—will help fund the purchase price alongside credit facilities.


Callon Petroleum Closes $633 Million Southern Delaware Acquisition

CEO Fred Callon estimates the company added 480 gross horizontal locations on the acquired Ward acreage in the Wolfcamp C and various Bone Spring intervals alone.


Lit Fuse: Sanchez, Oxy, QEP Sit On Nearly $3 Billion In A&D

Targets emerge for Sanchez while Oxy plans to sell $1.5 billion in assets and QEP may move the Pinedale.


Flowtex Completes Acquisition Of Positive-Yield East Texas Acreage

Flowtex Energy completed its acquisition of a large East Texas field with significant, currently producing acreage and leases, according to a Feb. 10 press release.

President Beau Flowers said the company acquired these “undervalued assets” and plans to bring five wells back into production initially.


Houston American Energy Closes Delaware Basin Acreage Acquisition

Founders will likely acquire additional adjacent acreage in the coming weeks, the press release said, noting that Houston American would acquire an interest in the same--bringing the total acreage position to about 800 gross acres.


Egypt Pays Eni $650 Million Under Zohr Development Deal

The field is expected to come into production at the end of the year and will save Egypt billions of dollars in hard currency that would otherwise be spent on imports, Reuters reported.


Camber Completes $1.43 Million San Andres Permian Leasehold Acquisition

Camber will open a new core area targeting the San Andres, which is relatively shallow at 4,800 ft and has produced about 6 billion barrels (Bbbl) of oil, of which 2 Bbbl came from the Central Basin Platform. 


Shell Is Renegotiating Permian JV With Anadarko

Shell is in the midst of a $30 billion global asset disposal program and previously said it has put up for sale two assets in its U.S. shale portfolio, Reuters reported.