Acquisitions & Divestitures

Diversified Gas & Oil Strikes Two Appalachian Deals For $180 Million

Diversified Gas & Oil has agreements to purchase Alliance Petroleum for $95 million and assets from CNX Resources for $85 million, the company said.

Feb 21 2018 - 3:30pm

Natgas Producer EQT To Spin Off Midstream Operations Amid Investor Pressure

Midstream entity will become the third-largest gas gathering hub in U.S. after spin-off.

Feb 21 2018 - 10:16am

Riverstone: Three Rivers To Sell All Delaware Basin Assets

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.

Feb 20 2018 - 1:40pm

Marketed: Anadarko Basin Producing Properties, Lime Rock Resources

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.

Feb 20 2018 - 8:45am

Marketed: 100+ Well Package, Mineral/Royalty Interests, Appalachia

Braxton Minerals retained EnergyNet to sell royalty interests in more than 100 wells plus non-producing minerals in West Virginia and Pennsylvania.

Feb 19 2018 - 8:45am

ExxonMobil Acquires Stake In BTC Oil Pipeline

The BTC pipeline company operates the pipeline, which ships oil from Azerbaijan's major Azeri-Chirag-Guneshli oil fields to Turkey via Georgia.

Feb 19 2018 - 8:35am

Aker Energy Buys Hess Ghana Business, Expects First Oil In 2021

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.

Feb 19 2018 - 7:58am

US Sets Largest Offshore Oil, Gas Lease Auction For March

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.

Feb 16 2018 - 4:15pm

Against the Grain: Citizen Energy CEO Talks Pure Plays, Midcontinent A&D

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.

Feb 16 2018 - 11:30am

Marketed: Northeast Stack Assets, Red Bluff Resources

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.

Feb 16 2018 - 11:10am