In this week’s video: GEP Haynesville LLC has purchased nearly 8,000 net acres in Red River Parish from Sabine Oil & Gas in a $45 million deal.
Meanwhile, Linn Energy is keeping an eye on one of its prizes—Oklahoma shale. The company said it signed an agreement with Citizen Energy to form Roan Resources LLC, a company focused solely on the Merge/Scoop/Stack shale play.
And, President Donald Trump is moving forward with plans to change the five-year offshore oil and gas leasing program approved by the Obama administration. A request for information published in the Federal Register on July 3 is the first step in developing the administration’s new offshore drilling program.
Sources:
- Sabine Oil & Gas Latest To Sell In Haynesville Hotspot
- Linn Energy Spinning Off Merge/Scoop/Stack E&P
- Trump Takes Step To Change Offshore Oil, Gas Leasing Program
- Interior’s Zinke Signs Order To Expedite Oil, Gas Development On Federal Land
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