Acquisitions & Divestitures - Exclusives
Citizen Energy CEO Greg Augsburger loves the Anadarko Basin but is unconvinced by the ‘in vogue’ pure-play trend, preferring to chase rocks that give the best results.
Fieldwood Energy will purchase Noble’s GoM assets in a deal valued at $710 million, including $480 million in cash and $230 million in assumed liabilities.
Linn Energy has sold more than $1.8 billion in assets as it prepares to divide into three companies, including one in the Oklahoma Stack.
The Hart Energy video team brings a closer look from the exhibit floor at the 2018 NAPE Summit, which drew more than 12,000 attendees this year to downtown Houston.
WildHorse Resource Development sold about 90,000 net acres in North Louisiana for $217 million, with net proceeds to prop up drilling in the Eagle Ford Shale where the company also bought acreage.
The deal includes cash and stock from Silver Run II and funding from private-equity firms that will likely eclipse $1.6 billion.
CEO Doug Lawler painted Chesapeake in Shakespearean terms as a once-dominant company that, after faltering under debt, is regaining its edge through efficiency and A&D, including a $500 million Midcontinent sale.
Halcón said that in the past year it has built a position of about 67,000 net acres at an average price of $17,800 per acre—about 45% less than what competitors have paid for leasehold.
The proposal calls for Midstates to offer SandRidge investors 60% of the company but manage the combined assets in what Midstates says would be the largest Mississippian Lime E&P.
ConocoPhillips will gain 100% working interest in its 1.2-million-acre North Slope position after buying out nonop stakeholder Anadarko Petroleum.
WPX Energy accelerates its deleveraging efforts through the San Juan sale and will now operate in two cores: the Delaware and Williston basins.
Samson Oil and Gas said it will refinance its debt, but the company may explore another sale if transactional expenses are too costly.