Company Briefs

Contango may sell Dutch, Mary Rose

Contango Oil & Gas Co., Houston, (Amex: MCF) has acquired additional working interest in the Dutch and Mary Rose discoveries in the Gulf of Mexico from undisclosed sellers for a ...more

May 7, 2008


Energy XXI, Plans join in Blackbeard

Energy XXI (Bermuda) Ltd., Houston, (Nasdaq: EXXI) and Plains Exploration & Production Co., Houston, (NYSE: PXP) plan to earn working interests in the South Timbalier Block 168 #1 exploration well, ...more

May 7, 2008


CNX Gas’ share price unleashed

Pittsburgh-based, Appalachia-focused CNX Gas Corp. (NYSE: CXG) is trading 4.7% lower since Jan. 29, while other unconventional gas producers’ stock prices are 16% to 29% higher, DeAnn Craig, senior vice ...more

May 7, 2008


TXCO, Third Point reach agreement

TXCO Resources Inc., San Antonio, (Nasdaq: TXCO) has reached a settlement with dissident New York-based hedge fund Third Point LLC regarding a lawsuit and Third Point’s attempt to nominate three ...more

May 7, 2008


Additional News

• Privately owned, Dallas-based Trail Ridge Energy Partners LLC has been formed by Ron Wade and Chuck Cederberg with a $40-million equity commitment from Kayne Anderson Energy Funds and from ...more

May 7, 2008


M&A News

• Petrohawk Energy Corp., Houston, (NYSE: HK) plans to acquire additional leasehold interests in the Haynesville shale area of northern Louisiana from several undisclosed private sellers for an undisclosed price.The ...more

May 7, 2008


Eastern Exploration

The Appalachian Basin has a long history of gas and coal production, but much opportunity remains. The U.S. Geological Survey estimates the region has some 75 trillion cubic feet of ...more

April 21, 2008


Nanes hedge fund targets Vaalco Energy

New York-based hedge fund Nanes Delorme Partners I LP and associated entities are urging Vaalco Energy Inc., Houston, (NYSE: EGY) to seek strategic alternatives, including the possible sale of the ...more

April 21, 2008


People News

• Jim Lightner will become Forest Oil Corp., Denver, (NYSE: FST) non-executive chairman following the May retirement of Forrest E. Hoglund. Lightner is on the board and is partner and ...more

April 21, 2008


M&A News

• XTO Energy Inc., Fort Worth, (NYSE: XTO) plans to acquire producing properties and acreage positions from more than 25 undisclosed sellers for a total of approximately $1 billion. In ...more

April 21, 2008


Other news

• Range Resources Corp., Fort Worth, Texas, (RRC) shares could be worth up to $60 more following recent activity on its Appalachian assets, according to Carin Dehne Kiley, E&P analyst ...more

April 21, 2008


First Reserve to buy CHC Helicopter

Private-equity firm First Reserve Corp. plans to acquire global offshore helicopter-service supplier CHC Helicopter Corp., Vancouver, B.C., (NYSE: FLI; Toronto: FLY-A; FLY-B) for an adjusted enterprise value of C$3.7 billion ...more

April 21, 2008


Anadarko sells down to StatoilHydro for $2.1B

Norwegian company StatoilHydro, Oslo, (Oslo: STL) plans to acquire Anadarko Petroleum Corp.’s, Houston, (NYSE: APC) 25% interest in the BP-operated Kaskida Unit in deepwater Gulf of Mexico and its 50% ...more

April 21, 2008


 

Venoco to follow through with MLP

Venoco Inc., Denver, (NYSE: VQ) has filed to go ahead with an upstream MLP, Venoco Acquisition Co. LP, filing an S-1 to IPO up to 10.56 million units, for approximately ...more

April 21, 2008


Taylor Energy package goes to S. Korean firms

South Korean companies Korea National Oil Corp. and Samsung Corp., through subsidiaries KNoc USA Corp. and Samsung Oil & Gas USA Corp., plan to acquire virtually all of the Gulf ...more

March 7, 2008


NFG, New Mountain settle proxy contest

National Fuel Gas Co., Williamsville, N.Y., (NYSE: NFG) and hedge fund New Mountain Vantage GP LLC and affiliates, including the California Public Employees’ Retirement System (Calpers), have settled a proxy ...more

March 7, 2008


XOM answers Chavez; StatoilHydro strikes deal

ExxonMobil Corp. has received international court rulings to freeze some $12 billion of Venezuela’s oil and gas assets toward eventual compensation of assets the Irving, Texas-based major lost in a ...more

March 7, 2008


M&A News

• Coal-producing company Consol Energy Inc., Pittsburgh, (NYSE: CNX) has offered to acquire the remaining 18% stake that it does not currently own in E&P company CNX Gas Corp., Pittsburgh, ...more

March 7, 2008


Additional News

• Houston-based E&P Dynamic Offshore Resources LLC has received a $450-million equity commitment from New York-based private-equity firm Riverstone Holdings and The Carlyle Group, and the founders and management team ...more

March 7, 2008


In Memoriam

• James H. (Jimmy) Stone, founder and chairman of Stone Energy Corp., Lafay­ette, La., (NYSE: SGY) passed away Jan. 14. He was 82.Stone started his first oil and gas company ...more

February 14, 2008