Acquisitions & Divestitures - News
Petroflow Energy Corp. has retained Stephens Inc. as its exclusive advisor in connection with the sale of its Central Oklahoma and West Texas assets.
Subsea 7 said in a statement on April 23 its bid proposal was subject to the termination of McDermott's pending transaction with CB&I.
Libya had not given the required formal approval to the Total-Marathon deal, meaning it could be blocked, the source added.
ERG Resources retained Houlihan Lokey to sell oil and gas properties in the Cat Canyon and Casmalia oil fields within the Santa Maria Basin in Santa Barbara County, Calif.
Development on the blocks offshore Angola had been complicated by a dispute between Sonangol and Cobalt, which until recently was the operator of the blocks and owned a 40% stake in them.
A Summit Petroleum affiliate retained EnergyNet to sell operated working interests in 14 wells plus HBP leasehold acreage located in the Permian Basin.
BHP reiterated it expected bids for its U.S. shale assets by June and added that transactions could be announced in the first half of the 2019 financial year.
Antioch Energy retained EnergyNet to sell multiple well packages in various Oklahoma counties with a bid date of April 24-25.
Ward Energy Partners (WEP) sold Denver-Julesburg (D-J) Basin assets located in Adams and Weld counties, Colo., prospective for the Codell and Niobrara.
Drillcore is led by Evan Turner, who is formerly director and head of energy at StormHarbour Partners and a founding member of CohnReznick Capital’s oil and gas group.
Eagle Oil & Gas retained EnergyNet to sell its Permian Basin leasehold position plus its operated working interest in two wells in West Texas.
Salt Creek will primarily be comprised of multiple cryogenic processing facilities, as well as gas and crude gathering pipelines, compression and treating facilities in the Delaware.