Acquisitions & Divestitures - News

Marketed: Petroflow Energy Assets In Central Oklahoma, West Texas

Petroflow Energy Corp. has retained Stephens Inc. as its exclusive advisor in connection with the sale of its Central Oklahoma and West Texas assets.

10:50 am

Subsea 7 Makes $2 Billion Hostile Bid To Break Up McDermott's US Deal

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.

April 23, 2018

Libya Examines Total's Purchase Of Marathon Waha Stake, Sources Say

Libya had not given the required formal approval to the Total-Marathon deal, meaning it could be blocked, the source added.

April 23, 2018

Marketed: ERG Resources Asset Sale, California's Santa Maria Basin

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.

April 20, 2018

Angola Opens Bids For Cobalt's Former Oil Blocks

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.

April 20, 2018

Marketed: Permian Basin Operated Assets, Summit Petroleum

A Summit Petroleum affiliate retained EnergyNet to sell operated working interests in 14 wells plus HBP leasehold acreage located in the Permian Basin.

April 19, 2018

BHP Billiton Says US Shale Exit Going As Planned

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.

April 19, 2018

Marketed: Multiple Well Packages Across Oklahoma, Antioch Energy

Antioch Energy retained EnergyNet to sell multiple well packages in various Oklahoma counties with a bid date of April 24-25.

April 18, 2018

Ward Energy Partners Sells D-J Basin Assets

Ward Energy Partners (WEP) sold Denver-Julesburg (D-J) Basin assets located in Adams and Weld counties, Colo., prospective for the Codell and Niobrara.

April 17, 2018

Drillcore Launches New Fund Targeting 'Overlooked' Upstream Assets

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.

April 17, 2018

Marketed: Permian Basin Leasehold Position, Eagle Oil & Gas

Eagle Oil & Gas retained EnergyNet to sell its Permian Basin leasehold position plus its operated working interest in two wells in West Texas.

April 16, 2018

Ares Management, ARM Energy Form JV To Develop Delaware Basin Midstream Company

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.

April 16, 2018