Acquisitions & Divestitures - News

Marketed: Wyoming’s South Moxa Arch, Wexpro

Wexpro retained EnergyNet for the sale of certain oil and gas properties and related assets located in the South Moxa Arch in Wyoming.

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Diamondback Energy Shares Drop On $9.2 Billion Deal For Shale Rival

Diamondback Energy Inc. (NASDAQ: FANG) shares fell 10% early on Aug. 15 following the U.S. oil and gas producer’s all-stock, $9.2 billion deal for shale rival Energen Corp. (NYSE: EGN).

August 15, 2018

Exxon Mobil Acquires Stake In Block Offshore Namibia

ExxonMobil Namibia, an affiliate of Exxon Mobil Corp., has entered an agreement with Namibian explorer Azinam Ltd. to acquire a 30% interest in petroleum exploration license (PEL) 44 offshore Namibia, according to a news release.

August 14, 2018

Ensign Launches C$947 Million Takeover Bid For Trinidad Drilling

Analysts with Tudor, Picking, Holt & Co. said Ensign’s proposed acquisition of Trinidad would create one of the largest North American land drillers with critical mass in many key international markets.

August 13, 2018

Neptune To Acquire UK Central North Sea Assets From Apache

The acquisition included Apache’s 35% working interest in the Seagull development and a 50% working interest in the Isabella prospect, both operated by Apache North Sea.

August 13, 2018

Marketed: Midcontinent Mineral Opportunity In Oklahoma

An undisclosed company retained Meagher Energy Advisors to sell Midcontinent minerals spanning five core areas of development in Oklahoma.

August 13, 2018

S.T.L. Resources Executes Partnership With UGI Energy Services

S.T.L. Resources, an independent oil and gas company focused on Appalachian Basin assets, announced it recently closed on a strategic partnership with an affiliate of UGI Energy Services.

August 10, 2018

Marketed: Centennial HBP Permian Leasehold, Assets

Centennial Resource Production retained EnergyNet to sell Permian Basin assets in Lea County, N.M., through a sealed-bid offering.

August 10, 2018

Houston-Based Directional Drilling Firm SDI Reportedly Seeking Buyer

The sale process for Houston-based SDI began recently, said three sources who spoke on condition of anonymity as the information has not been made public.

August 9, 2018

Marketed: Expansive Multi-Basin Mineral Position

An undisclosed seller retained Meagher Energy Advisors for the sale of mineral rights and well interests across the continental U.S.

August 9, 2018

Marketed: Apache Mississippian/Woodford Leasehold Position

Apache retained EnergyNet to sell non-producing leasehold acreage within the Mississippian play and Woodford Shale in western Oklahoma through a sealed-bid offering.

August 9, 2018

Ørsted Acquires Onshore Wind Developer Lincoln Clean Energy

Offshore wind provider Ørsted has entered an agreement with global infrastructure investment manager I Squared Capital and management shareholders to acquire a 100% equity interest in onshore wind developer Lincoln Clean Energy LLC (LCE), according to a news release.

August 9, 2018