Acquisitions & Divestitures
Diversified Gas & Oil has agreements to purchase Alliance Petroleum for $95 million and assets from CNX Resources for $85 million, the company said.
Midstream entity will become the third-largest gas gathering hub in U.S. after spin-off.
Three Rivers, headed by CEO Mike Wichterich, will sell its 57,000-net-acre position to an undisclosed buyer after initially marketing its Permian Basin assets last April.
Lime Rock Resources is offering Anadarko Basin producing properties and drilling opportunities located in Oklahoma, Texas and Kansas through a sale handled by adivsory firm Meagher Energy Advisors.
Braxton Minerals retained EnergyNet to sell royalty interests in more than 100 wells plus non-producing minerals in West Virginia and Pennsylvania.
The BTC pipeline company operates the pipeline, which ships oil from Azerbaijan's major Azeri-Chirag-Guneshli oil fields to Turkey via Georgia.
Aker Energy said the proposed transaction, which is subject to approval from Ghanaian authorities, gives it a 50% stake in the ultradeepwater Tano Cape Three Points block which holds an estimated 550 million barrels of oil equivalent and has the potential for a further 400 million barrels.
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.
Citizen Energy CEO Greg Augsburger loves the Anadarko Basin but is unconvinced by the ‘in vogue’ pure-play trend, preferring to chase rocks that give the best results.
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.