Tag: assets.

Concho Resources acquires Northern Delaware Basin assets

Concho Resources acquires Northern Delaware Basin assets

Complementary acquisition adds scale and long-lateral drilling inventory in top-tier Red Hills area MIDLAND, Texas – Concho Resources Inc. says it reached an agreement to acquire approximately 24,000 gross (16,400 net) acres in the northern Delaware Basin for approximately $430 million, according to a press release. The acquired acreage is complementary to the Company’s leasehold position […]

By November 21, 2016 0 Comments Read More →
Plains All American completes acquisition of Canadian NGL pipeline business

Plains All American completes acquisition of Canadian NGL pipeline business

Plains acquisition includes Empress NGL facility, Petroleum Transmission Company pipeline, 7 NGL terminals, 2 NGL storage facilities HOUSTON – Plains All American Pipeline, L.P. announced its wholly owned subsidiary, Plains Midstream Canada ULC, completed the acquisition of a Canadian natural gas liquids business from Westcoast Energy Inc. Westcoast is a wholly owned subsidiary of Spectra Energy Corp, and was bought for a […]

Western Petroleum buys Texas Gulf Coast assets to accelerate M&A growth

Western Petroleum buys Texas Gulf Coast assets to accelerate M&A growth

Deal includes 73,100 acres with daily production of 15,700 mcfpd and 122 bopd current production IRVING, Texas – International Western Petroleum, Inc. has announced it executed an agreement to purchase all assets of a privately held Houston-based E&P company in the Texas Gulf Coast region. The acquisition, which consists of three phases, includes assets with current […]

Austin, Texas-based Aereon acquires vapor combustion technology from Abutec

Austin, Texas-based Aereon acquires vapor combustion technology from Abutec

Abutec will be fully integrated into Aereon’s global business infrastructure Global gas and vapor combustion technology company Aereon says it has expanded its product line by acquiring Abutec, whose products are used extensively across US oil and natural gas shale basins. Aereon announced the acquisition of select assets of Abutec, including the Abutec brand, burner technology, and Quad O Certified […]

Devon Energy to sell $1 billion of upstream assets in East Texas, Midland Basin

Devon Energy to sell $1 billion of upstream assets in East Texas, Midland Basin

At Dec. 31, 2015, proved reserves for the assets amounted to 31 million Boe OKLAHOMA CITY – Devon Energy Corp. says it has entered into agreements with undisclosed parties to sell nearly $1 billion of non-core upstream assets in east Texas, the Anadarko Basin and an overriding royalty interest in the northern Midland Basin. The largest transaction is […]

Callon Petroleum acquires Midland Basin assets for new core area

Callon Petroleum acquires Midland Basin assets for new core area

“These acquisitions are a significant step forward in Callon’s continued evolution as a leading operator in the Permian Basin” Callon Petroleum Company says it has entered into definitive agreements with three private entities to acquire assets operated by Big Star Oil and Gas, LLC for total consideration of $220 million in cash and approximately 9.3 million […]

BlueStone acquires Quicksilver’s US assets, 1,000 producing wells in Barnett Shale

BlueStone acquires Quicksilver’s US assets, 1,000 producing wells in Barnett Shale

Barnett Shale acquisitions coupled with its South Texas holdings, BlueStone will have net production of more than 180 MMCFE per day TULSA, Okla. – BlueStone Natural Resources II, LLC has announced that it has closed on the purchase of Quicksilver Resources Inc.’s U.S. oil and gas assets, 1,017 producing wells in the Barnett Shale play, with additional […]

MDU Resources completes sale of oil and natural gas assets

MDU Resources completes sale of oil and natural gas assets

The company expects to reinvest proceeds in excess of debt repayments into its other business units, including the utility operations’ $1.5 billion, five-year capital expenditure program BISMARCK, North Dakota – MDU Resources Group, Inc. announced today that it has finalized the sale of its last marketed oil and natural gas production property. This completes the sale of […]

Luxe Energy acquires 18,000 net acres in core of Delaware Basin

Luxe Energy acquires 18,000 net acres in core of Delaware Basin

18,000 net acres, majority operated with high average working interest As oil prices continue to drop, more and more companies are crowding into the Permian Basin, including Austin-based Luxe Energy, which recently acquired acreage in the Delaware.  Luxe Energy LLC announced Tuesday that it had acquired undeveloped acreage and producing oil and gas properties located […]

By January 21, 2016 0 Comments Read More →
Orbit Gulf Coast Exploration acquires Louisiana assets

Orbit Gulf Coast Exploration acquires Louisiana assets

Gulf Coast Western agreed to operate Louisiana-based Warhorse Oil and Gas development wells Dallas-based Gulf Coast Western, LLC says its subsidiary, Orbit Gulf Coast Exploration, LLC, has acquired substantially all of the assets of Lafayette, Louisiana-based Orbit Energy Partners, LLC. The acquisition includes proprietary rights and access to hundreds of square miles of 3D seismic data […]

By January 16, 2016 0 Comments Read More →