Acquisitions & Divestitures - News

US Sets Largest Offshore Oil, Gas Lease Auction For March

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.

February 16, 2018

Marketed: Northeast Stack Assets, Red Bluff Resources

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.

February 16, 2018

Apollo Backs Frack Sand Logistics Provider Tidewater With Capital Investment

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.

February 16, 2018

Dover Wellsite Business To Be Named Apergy

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.

February 16, 2018

Marketed: Merit Energy Oklahoma Regional Exit

Merit Energy Co. has retained TenOaks Energy Advisors as its exclusive adviser in connection with its Oklahoma Regional Exit. 

February 16, 2018

Enbridge Seeks To Double 2018 Sales Of Noncore Assets

Canadian pipeline operator aims to sell assets valued at C$8 billion.

February 15, 2018

Marketed: Merit Energy Big Horn Basin Assets In Wyoming, Montana

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.

February 14, 2018

Bankrupt Breitburn Rebuffs Lime Rock Resources' $1.8 Billion Bid

Lime Rock’s $1.8 billion “stalking horse” offer tops a $1.6 billion enterprise valuation by Breitburn’s investment bank.

February 13, 2018

Blue Wolf Capital Buys Majority Stake In Production Equipment Provider Petrosmith

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.

February 12, 2018

Marketed: ORRI, 160+ Well Package, Weld County, Colorado

American Assurance 2000 retained EnergyNet to sell its overriding royalty interests in 160+ wells located in Weld County, Colo.

February 8, 2018

Marketed: Core Midland Basin Minerals, EnCore Permian

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.

February 7, 2018

Double Eagle Energy III Secures More Than $1 Billion For Permian Basin Focus

Double Eagle’s substantial equity commitments from Apollo Global Management will support the company’s ongoing acquisition and development initiatives in the Permian Basin.

February 6, 2018