Acquisitions & Divestitures - News
The Interior Department said it would offer 77.3 million acres offshore Texas, Louisiana, Mississippi, Alabama and Florida, an auction that includes all available unleased areas in the Gulf of Mexico.
Red Bluff Resource retained Detring Energy Advisors to sell its oil and gas leasehold and related assets located in the Northeast Stack of Logan County, Okla.
Tidewater Logistics said the capital investment by Apollo will fund a pipeline of new customer and expansion opportunities. The terms of the transaction weren't disclosed.
Dover's spin-off transaction for its "Wellsite" upstream energy businesses, on track for completion in May, will be named Apergy and be headquartered in The Woodlands, Texas.
Merit Energy Co. has retained TenOaks Energy Advisors as its exclusive adviser in connection with its Oklahoma Regional Exit.
Canadian pipeline operator aims to sell assets valued at C$8 billion.
Merit Energy Partners et al retained EnergyNet to sell their operated working interests, royalty interests and overriding royalty interests in more than 170 wells in Wyoming and Montana.
Lime Rock’s $1.8 billion “stalking horse” offer tops a $1.6 billion enterprise valuation by Breitburn’s investment bank.
The investment, which is the New York-based firm’s first since closing Blue Wolf Capital Fund IV LP at its hard cap of $540 million in September 2017, is expected to facilitate rapid expansion at Petrosmith.
American Assurance 2000 retained EnergyNet to sell its overriding royalty interests in 160+ wells located in Weld County, Colo.
EnCore Permian Holdings LP retained Detring Energy Advisors for the sale its oil and gas mineral and royalty interests located throughout the core of the Midland Basin, West Texas.
Double Eagle’s substantial equity commitments from Apollo Global Management will support the company’s ongoing acquisition and development initiatives in the Permian Basin.