Acquisitions & Divestitures
Also this week, Drillinginfo Co-founder Allen Gilmer discusses the company's bevy of recent deals.
Jalapeño Corp. retained EnergyNet as its exclusive adviser to market their interest within the Permian Basin located in Eddy and Lea counties, N.M.
Shell committed to the ambitious three-year sale plan following the decision to acquire BG Group in 2015 and the latest announcements bring its total asset sales to around $27 billion.
The acquisition by Genstar follows Drillinginfo’s recent addition of transaction-tracking businesses 1Derrick and PLS to its offerings.
Including the marine products transaction, American Midstream has sold more than $500 million worth of noncore assets since 2017.
Energy XXI said it will terminate its previously announced partnership with Orinoco Natural Resources as a result of the Cox Oil transaction.
Canadian oil and gas producer Baytex Energy said it would buy rival Raging River Exploration for about C$2.8 billion (US$2.13 billion) to expand in the oil-rich Duvernay Field in Alberta.
Kings Peak Energy retained Meagher Energy Advisors to sell its Green River Basin producing properties in Summit County, Utah, and Uinta County, Wyo.
Titan Energy has retained Detring to sell its Arkoma Basin producing properties, gathering system and leasehold located throughout Eastern Oklahoma and Western Arkansas.
Activist investor Carl Icahn, who had offered to buy SandRidge in April, added two more nominees to his board slate in May, demanding more influence.