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Acquisitions & Divestitures

A&D - E&P

Marketed: Caerus Acreage And Producing Wells, Anadarko Basin

Caerus Oil and Gas LLC is selling 129,000 net acres of producing Anadarko Basin properties and has retained Meagher Energy Advisors to oversee the transaction.

The properties consist of a large, contiguous HBP acreage position in Texas County, Okla. The offer includes numerous vertical and horizontal opportunities, according to Meagher.


Gary Evans-Led Energy Hunter Resources Eyes IPO

Energy Hunter Resources said earlier on Oct. 25 it has filed for the IPO with the U.S. Securities and Exchange Commission under what is essentially a fast-track process for startups.


Oklahoma Plays ‘Transformative’ For Marathon

Marathon has bolstered its presence in the Stack and Scoop plays and sees ‘considerable upside,’ exec tells DUG Midcontinent audience.


Marketed: Operated South Texas Assets, White Oak Energy

The assets are producing from multiple stacked Frio sands, according to The Oil & Gas Asset Clearinghouse, which has been retained to handle the sale.



OPEC Officials Start Meeting On Implementing Oil Supply Cut

OPEC officials began talks in Vienna on Oct. 28 aimed at working out details of their oil supply-cut agreement, which they concede is looking more complicated by the day.


Iraq: 'Relative Understanding' Within OPEC On Its Output Stance

OPEC's second largest producer after Saudi Arabia, Iraq says it will not cut output because it needs money from oil revenues to fight Islamic State.


EIA: US Crude Stocks Fell In Latest Week

Crude inventories fell by 553,000 barrels in the last week, compared with analysts' expectations for an increase of 1.7 million barrels, EIA said.


Traders: OPEC Ouput Cut To Have Biggest Impact On February Contract

While any cut agreed by OPEC at its Nov. 30 meeting could take effect as soon as Dec. 1, traders say the biggest price impact will be in contracts for delivery in early 2017, especially the February contract, rather than in the spot market.


Joint Ventures

Gastar Refuels With Stack JV, Noncore Sale

Several maneuvers to free liquidity will likely fund the Houston-based company through 2018, analysts said.


Mexico Gives Bidders More Time For First-Ever Deepwater Venture

Mexico's oil regulator gave oil companies an extra week to submit comments and questions about the country's first-ever deepwater joint venture covering state oil company Pemex's Trion Field.


Qatar Considers Joining Exxon To Buy Stake In Eni's Mozambique Gas Area

Located in Mozambique's Rovuma Basin, Eni's Area 4 is one of the biggest recent discoveries, holding about 85 trillion cubic feet of gas, Reuters reported.


Lucas Energy Lands Deal To Fund Eagle Ford Shale Development

Lucas will initially participate in the Cyclone #9H and #10H wells on Lonestar's Harvey Johnson lease in southern Gonzales County in South Texas.


Mergers & Acquistions

GE In Discussion With Baker Hughes On Potential Partnerships

General Electric said on Oct. 27 it was in discussion with the number three oilfield services provider Baker Hughes on potential partnerships.


American Midstream Buys JP Energy In $2 Billion Deal

The combination of American Midstream and JP Energy provides scale and efficiency, companies say.


Woodside Petroleum Sees A&D Activity Heating Up

Woodside, Australia's biggest independent oil and gas producer, has announced two deals over the past four months together worth up to $830 million.


Land Ho! Dril-Quip Comes Ashore In $143 Million Deal

The company picks up TIW Corp., founded during the First World War, for its first acquisition since it was formed in 1981.



Police Begin Removing Protesters From Dakota Pipeline Encampment

Police Begin Removing Protesters From Dakota Pipeline Encampment


Energy Transfer Plays Defense With PennTex Deal

Fallout from Range Resource’s $4.2 billion acquisition in North Louisiana prompts Energy Transfer to head off trouble.


EQT Names Steven Schlotterbeck As CEO David Porges' Successor

Schlotterbeck will succeed Porges when he retires as CEO in the first quarter of 2017 after holding that position since April 2010. Porges will remain as chairman of EQT's board for one year following retirement.


Alberta Energy Regulator Begins Investigating Trilogy Oil Pipeline Leak

The Alberta Energy Regulator had already issued an environmental protection order forcing the company to suspend operations and contain the leak, Reuters said.


Service & Supply

GE In Discussion With Baker Hughes On Potential Partnerships

General Electric said on Oct. 27 it was in discussion with the number three oilfield services provider Baker Hughes on potential partnerships.


Baker Hughes Posts Smaller-Than-Expected Quarterly Loss

Baker Hughes, which in May abandoned a merger with closest rival Halliburton due to opposition from antitrust regulators, said total costs and expenses fell 31.2% in the third quarter ended Sept. 30.


Schlumberger Targets ‘Super Laterals,’ Subsea Tiebacks

The company is gearing up to roll out its “rig of the future” next year as its Cameron Group looks for further subsea tieback growth opportunities.


Schlumberger Sees Early Signs Of Recovery In Most Markets

The company reported a quarterly profit that topped analysts’ expectations on Oct. 20, helped by cost cuts and a ramp up in drilling activity in North America.