Acquisitions & Divestitures
BXP Partners is offering its HBP leasehold in the Powder River Basin through a sealed-bid offering handled by EnergyNet.
The sale, handled by TenOaks Energy Advisors, comprises a core Delaware mineral acreage including more than 50 producing wells located in Loving and Winkler counties, Texas.
Linn Energy has set its sights on the Scoop/Stack/Merge and other areas as the company sells off pieces of its 2.6 million-acre kingdom.
The JV has fully sanctioned the construction of the 200 MMcf/d plant near Orla, Texas, and related infrastructure required to connect the Willow Lake system to the plant and multiple third-party pipelines.
DONG Energy agreed to sell its oil and gas business to petrochemicals firm Ineos for $1.3 billion, it said May 24, the latest in a string of North Sea deals.
The company paid one-third to one-half average Ward County, Texas, prices for the position.
In seven separate auctions handled by EnergyNet, leasehold will be up for bid in Arkansas, Colorado, Montana, Nevada, Oklahoma, Texas, Utah and Wyoming.
BHP Billiton has hired Barclays to divest its U.S. Fayetteville shale gas assets as the miner seeks to fend off an attack by activist funds, two sources close to the matter said May 23.
Amid industry consolidation, Colorado’s RockPile Energy Services will augment Keane’s services primarily in the Permian Basin and the Bakken.
In 2015, the Miskar and Hasdrubal gas fields produced 30,000 barrels of oil equivalent per day, according to BG Group's annual report of the same year, Reuters said.