Exploration & Production - News

Ophir Energy Rejects Medco's $437 Million Takeover Offer

Ophir Energy rejected Indonesian oil and gas group Medco Energi's potential takeover offer, saying it "undervalues" the British oil and gas company.

January 14, 2019

Marketed: Bone Spring Resources Delaware Basin Leasehold

Bone Spring Resources retained EnergyNet for the sale of a Delaware Basin opportunity in Lea County, N.M., through a sealed-bid offering.

January 11, 2019

Equinor Closes UK Rosebank Acquisition From Chevron

Equinor’s acquisition of the 40% operated interest in Rosebank was initially announced in early October and came as Chevron was looking to shrink its presence in the North Sea.

January 11, 2019

Marketed: Rock Ridge Exploration & Production Val Verde Basin Asset

Rock Ridge Exploration & Production retained EnergyNet for the sale of oil and gas assets in the Val Verde Basin in Edwards County, Texas.

January 11, 2019

Medco Energi Could Offer Roughly $436 Million For Britain's Ophir

Medco said shareholders of Ophir, an upstream oil and gas exploration and production company focused on Asia and Africa, would receive 48.5 pence in cash for each Ophir share.

January 11, 2019

Royale, CRPC Make Gas Discovery In California’s Rio Vista Field

California-based Royale Energy Inc. said its first well drilled as part of a joint venture (JV) with California Resources Production Corp. (CRPC) has hit natural gas in the Rio Vista Field.

January 10, 2019

Trump Administration Working On Arctic Oil Leases Despite Government Shutdown

Even as a partial shutdown halts the functions of many U.S. government departments, the Trump administration is continuing to push for the expansion of oil drilling in Arctic Alaska.

January 10, 2019

Post Oak Backs Houston-Based Downhole Tools Provider With $50 Million Commitment

Post Oak Energy Capital led a $50 million equity commitment to Prime Downhole Holdings, a Houston-based downhole tools provider formed by CEO Leif Syversenn.

January 9, 2019

Italy To Block Oil And Gas Exploration Permits

The Italian government is planning to block the issuing of about 36 permits to look for oil and gas as part of plans to cut the country's carbon footprint.

January 9, 2019

Saudi Arabia Reports Rise In Oil Reserves After Independent Audit

Saudi Arabia's reserves of easily recoverable oil have long been the world's largest and despite almost 30 years of rising production have consistently remained around 261 billion barrels.

January 9, 2019

Shale Producer Chesapeake Energy’s Output Tops Expectations

Chesapeake Energy also revealed that output growth from the Powder River Basin and Eagle Ford Shale has made up for the sale of its Utica assets.

January 9, 2019

US Energy Investors Eye Cheap Takeovers As Oil Prices Sink

Sinking oil prices are turning distressed U.S. energy companies, such as Gastar Exploration, Parker Drilling and Waypoint Leasing, into takeover targets for opportunistic private investors.

January 9, 2019