Acquisitions & Divestitures
In fourth-quarter 2016, nearly all of the $11.9 billion in transactions were made by public companies purchasing from private-equity firms.
The agreement with Canaan Resource Partners covers certain Haynesville and Bossier shale acreage in the Shelby Trough operated by XTO Energy Inc.
Marjo Reserves LLC is looking for a buyer or partner for its South Fort Supply waterflood project in Woodward County, Okla., in a sale handled by Meagher Energy Advisors.
Chaparral has a hearing on March 9 to confirm its plan to emerge from Chapter 11 bankruptcy, funded in part by asset sales.
Marathon closed a $1.3 billion year of deals announced or closed, including the sale of $155 million in Wyoming acreage.
Matador’s JV with a private company far exceeds analyst estimates, who considered the midstream infrastructure worth $250 million or so.
The complexity of mineral ownership and working interests creates opportunities for landmen who can put together large tracts of acreage, Sheffield said.
The Los Angeles-based company formed a joint venture with Benefit Street for the investment of up to $250 million for the development of opportunities in its conventional and unconventional assets.
Elevation Resources LLC is selling Permian Basin assets in two separate, sealed-bid offerings handled by Oil & Gas Asset Clearinghouse LLC.
The FTC said the firms agreed to resolve the charges by adopting a consent decree that would require Enbridge to notify the panel before acquisitions in areas off Louisiana.