Exploration & Production
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.
ConocoPhillips has revised down over a billion barrels of oil sands reserves because of low global crude prices, the latest sign that some of Canada's vast hydrocarbon potential may be left untapped.
Oil companies are betting big on a continued rise in crude prices by buying up acreage and raising capital spending. For example, Whiting boosted its 2017 capex to $1.1 billion from $554 million in 2016.
"I believe that we as an agency, and we as a nation, can be both pro-energy and jobs, and pro-environment," Pruitt said in his first address to EPA staff.
Chaparral has a hearing on March 9 to confirm its plan to emerge from Chapter 11 bankruptcy, funded in part by asset sales.
The country is looking for long-term partners as part of a farm-in application process, with U.S. companies working to attract investors.
Mills has nearly 35 years of experience in the oil and gas industry, including most recently as board chairman and CEO of Eagle Rock Energy Partners.
Marathon closed a $1.3 billion year of deals announced or closed, including the sale of $155 million in Wyoming acreage.