HEADLINES: Kalnin Makes Marcellus Move; Diamondback Offers Breitburn

Let’s make a deal—or three. Kalnin Ventures is poised to become a major Northeast gas producer with two recent purchases. Kalnin bought Carrizo’s Marcellus shale assets, as well as those of a Reliance Industries subsidiary, in tow separate deals totaling $210 million.

Meanwhile, after almost a year-and-a-half in bankruptcy reorganization, Breitburn Energy Partners is fielding suitors for its assets, including an unsolicited offer for its Midland Basin acreage from Diamondback Energy.

Finally, Lilis Energy reached an agreement to acquire more than 4,000 net contiguous acres in the Delaware Basin for about $45.6 million in cash.

This week’s Oil and Gas Investor Headlines comes to you from A&D Strategies and Opportunities in Dallas.

Sources:

• Carrizo Divests Marcellus; Kalnin Strengthens In Play’s ‘Super Core’
• Diamondback One-ups Own Bid For Breitburn’s Midland Basin Assets
• Lilis Energy Cuts Bargain-Basement Deal In Delaware Basin