Acquisitions & Divestitures - News

Alpine 4 Technologies Acquires Horizon Well Testing

Alpine 4 Technologies Ltd. acquired Horizon Well Testing oilfield services company for $5.5 million, effective immediately, a Jan. 11 press release said.

2017/01/12

Rex Closes Sale Of Ohio Warrior Utica South Assets To Antero

The sale included 14 gross wells and about 4,100 net acres in Guernsey, Noble and Belmont Counties in Ohio; the assets are currently producing about 9 million cubic feet equivalent per day.

2017/01/11

Total Acquires Majority Of Tullow's Lake Albert Oil Stake For $900 Million

Tullow estimated the development phase of the project would cost $5.2 billion, of which $3 billion will be required to reach first oil production, Reuters reported.

2017/01/09

Foothills Exploration Will Acquire Interests In Uinta Basin

Through the agreement, it could acquire more than 6,000 acres and up to 16 shut-in wells on Native American tribal lands in the Uinta Basin.

2017/01/06

Kelt Will Dispense Karr Properties For CA$100 Million

The adjusted effective disposition date is Jan. 1, and the transaction is scheduled to close Jan. 18. The purchaser provided Kelt a CA$10 million deposit that will be held in escrow until closin

2017/01/05

Houston American Energy Will Acquire Delaware Interest From Founders Oil & Gas

John P. Boylan, Houston American’s CEO and president, said the company will initially target the Wolfcamp Shale and Bone Springs formations, known as the Wolfbone play.

2017/01/04

Magnum Hunter Divests Alpha Hunter’s Shallow Well Contract Drilling Rig Business

Magnum Hunter Resources Corp. divested the shallow well contract drilling rig services business of subsidiary Alpha Hunter Drilling LLC to an undisclosed buyer, the company said Jan. 3.

2017/01/03

Whiting Petroleum Closes $375 Million North Dakota Midstream Assets Sale

Whiting Petroleum Corp. (NYSE: WLL) closed the sale of its 50% interest in its Robinson Lake natural gas processing plant and associated natural gas gathering system in North Dakota, the company said Jan. 3.

2017/01/03

Enerplus Closes Sale Of Nonoperated North Dakota Assets

Enerplus Resources (USA) Corp. closed the sale of its non-operated assets in North Dakota for total cash consideration of US$292 million (about CA$390 million), the Enerplus Corp. subsidiary said Jan. 3.

2017/01/03

Sentinel Peak Acquires Freeport-McMoRan's Onshore California Properties

Sentinel Peak Resources operates the properties, which currently produce about 28,000 barrels of oil equivalent per day.

2017/01/03

Petrobras, Repsol Sinopec Return Non-Viable Piracuca Oil Concession

Piracuca was declared commercial in 2009, but further studies showed the area was not commercially viable, Petrobras said in a statement sent to Reuters.

2017/01/03

Centennial Resource Development Closes $855 Million Southern Delaware Basin Acquisition

Centennial also said that the $910 million private placement of equity has closed, proceeds from which funded the Silverback acquisition and also supported general corporate purposes.

2016/12/29

Pages