Crosspoint Ventures, a global private equity and venture capital firm, said last Thursday it submitted an offer of $190 million to buy one of Canada’s largest oil and gas operations from Anadarko Canada Corp., a subsidiary of Houston-based Anadarko.
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Equity Firm Seeks to Buy Anadarko Canada Assets for $190M
Crosspoint Ventures, a global private equity and venture capital firm, said Thursday it has submitted an offer of $190 million to buy one of Canada’s largest oil and gas operations from Anadarko Canada Corp., a subsidiary of Houston-based Anadarko.
Gas-Heavy Unit, PetroCorp to Merge in $190M Deal
Two Tulsa-based independents, Unit Corp. and PetroCorp, agreed to merge last week in a combination stock-and-cash deal valued at $190 million. In the transaction, the gas-heavy Unit will acquire PetroCorp’s 55 Bcfe of proved reserves using two million of its shares and cash on hand.
Gas-Heavy Unit, PetroCorp to Merge in $190M Deal
Two Tulsa-based independents, Unit Corp. and PetroCorp, agreed to merge Tuesday in a combination stock-and-cash deal valued at $190 million. In the transaction, the gas-heavy Unit will acquire PetroCorp’s 55 Bcfe of proved reserves using two million of its shares and cash on hand.
MMS Gets $190M in Bids for 320 Western Gulf Tracts
Despite declining gas prices, drilling economics and drilling activity in the Gulf of Mexico, the Interior Department’s Minerals Management Service reported western Gulf lease sale 180 last week was the fourth largest in the last 10 years in terms of the number of tracts receiving bids.
MMS Gets $190M in Bids for 320 Western Gulf Tracts
The Interior Department’s Minerals Management Service said its Western Gulf of Mexico Lease Sale 180 received 386 bids totaling $190 million. About $165.6 million in high bids were received. Fifty participating companies bid on 320 tracts in the Western Gulf of Mexico, offshore Texas, and in deeper waters offshore Louisiana. There were no bids, however, submitted on 53 tracts offered in Central Gulf of Mexico Lease Sale 178, Part 2, which covered the Western Gap area opened last year by a treaty between the United States and Mexico.