Tag: asset
Cenovus reaches agreement to sell Palliser assets for $1.3 billion
Cenovus targeting $4 billion to $5 billion in asset sale agreements Cenovus Energy Inc. agreed to sell its Palliser crude oil and natural gas assets in southeastern Alberta to Torxen Energy and Schlumberger for cash proceeds of $1.3 billion, according to a press release. The sale is expected to close in the fourth quarter of […]
Cenovus sells Pelican Lake oil sands assets to CNRL for nearly $1 billion
Cenovus also selling Palliser assets in southern Alberta Calgary-based oil sands giants Cenovus Energy Inc. and Canadian Natural resources entered into an agreement for Cenovus to sell its Pelican Lake heavy oil operations as well as other assets in northern Alberta, for $975 million. The properties have combined production of 19,600 BOE/d with the sale expected to […]
Bluestone Natural buys bankrupt Quicksilver assets for $245 million
BlueStone’s says buying Quicksilver assets complements existing holdings in Barnett Shale, South Texas TULSA, Okla. – BlueStone Natural Resources says it has bought Texas-based Quicksilver Resources for $245 million in a bankruptcy auction. The United States Bankruptcy Court for the District of Delaware approved Tulsa-based BlueStone Natural Resources II, LLC as the buyer of the domestic oil and gas […]
WPX Energy hedges more production, reduces debt
WPX says it remains engaged in discussions to sell all or a portion of its assets in Piceance Basin TULSA, Okla.- WPX Energy says it has shored up its balance sheet by selling assets and hedging about 75 per cent of its oil production. WPX Energy says it added more hedges to protect cash flows and repurchased […]
Concho Resources enhances Southern Delaware Basin position
Concho has entered into a definitive agreement to acquire 12,000 net acres in Reeves and Ward Counties, Texas, adjacent to the company’s North Harpoon prospect MIDLAND, Texas – Concho Resources Inc. says that three separate transactions will enhance its position in the southern Delaware Basin, high grade the company’s portfolio, and reduce net debt. Highlights Agreed to […]
WPX sells San Juan gathering system to focus on Permian Basin
Sales part of WPX deleveraging plan following acquisition of Permian Basin properties in August TULSA, Okla. – WPX Energy says it is selling its San Juan Basin gathering system for approximately $309 million to a portfolio company of ISQ Global Infrastructure Fund, a fund managed by I Squared Capital. WPX is receiving $285 million cash subject […]
Resolute Energy selling Gardendale assets in Midland Basin
“We believe these transactions have positioned the Company to accelerate development of the attractive opportunities in our property base.” DENVER – Resolute Energy Corporation says it has entered into a definitive agreement to sell its Gardendale assets in the Midland Basin of West Texas to an undisclosed buyer for a purchase price of $177.5 million. […]
WPX Energy completes sale of Van Hook gathering system to reduce debt load
“We are fully engaged in debt reduction efforts” – Rick Muncrief, WPX Energy CEO TULSA, Okla .- WPX Energy announced today that it has completed the sale of a North Dakota gathering system for approximately $185 million to a private equity fund managed by the Ares EIF Group, a subsidiary of Ares Management, L.P. The sale […]
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