NFR Energy LLC has closed two private deals worth a combined $736 million to acquire assets in the Anadarko Basin and Eagle Ford Shale. The company also announced that First Reserve Corp. has increased its interest in the parent company, NFR Holdings LLC, to 99.7% and NFR is to be renamed Sabine Oil & Gas LLC.
Acquire
Articles from Acquire
NFR Acquires Anadarko Basin, Eagle Ford Assets, New Name
NFR Energy LLC has closed two private deals worth a combined $736 million to acquire assets in the Anadarko Basin and Eagle Ford Shale. The company also announced that First Reserve Corp. has increased its interest in the parent company, NFR Holdings LLC, to 99.7% and NFR is to be renamed Sabine Oil & Gas LLC.
Curtiss-Wright Opens Door to U.S. Shale Markets
Engineering company Curtiss-Wright Corp. said Monday it would pay $135.1 million in cash to acquire Cimarron Energy Inc. to gain entry into the U.S. shale oil and natural gas market.
Gulfport Acquires Acreage, Tries to Figure Out Utica Puzzle
Despite fierce competition, Gulfport Energy Corp. CEO Jim Palm said his company has managed to acquire additional acreage in the Utica Shale as it looks to determine type curves, well spacing and how long it should wait before bringing new wells into production.
Targa Buying Bakken Crude, NatGas Midstream Assets
Targa Resources Partners LP said Thursday it will acquire all of Saddle Butte Pipeline LLC’s ownership of its Williston Basin crude oil pipeline and terminal system as well as its natural gas gathering and processing operations for $950 million in cash.
Australia’s Amadeus Acquiring Eagle Ford-Focused Lonestar Resources
Australia’s Amadeus Energy Ltd. plans to acquire Fort Worth, TX-based Lonestar Resources Inc. — a player in the Eagle Ford, Bakken and Barnett shales — via the purchase of Lonestar’s holding company, Ecofin Energy Resources Plc of the United Kingdom.
Interior Approves Proposed Bakken Refinery
Interior Secretary Ken Salazar Wednesday approved a “land-into-trust” application submitted by the Three Affiliated Tribes of the Fort Berthold Reservation in western North Dakota to build the first U.S. refinery in decades — in the heart of the Bakken shale formation.
Warren’s Atlantic Rim Acquisition Adds 18.3 Bcf of Proved Reserves
Warren Resources Inc. Monday said it closed on its previously announced deal to acquire additional natural gas and midstream assets from subsidiaries of Anadarko Petroleum Corp. in the Atlantic Rim Project area in Wyoming’s Washakie Basin.
Warren Completes Anadarko Atlantic Rim Project Asset Acquisition
Warren Resources Inc. reported Monday that it has closed on its previously announced deal to acquire certain additional natural gas and midstream assets from subsidiaries of Anadarko Petroleum Corp. in the Atlantic Rim Project area in Wyoming’s Washakie Basin. After learning this past summer that Anadarko was soliciting bids for all of its operated coalbed methane (CBM) assets in the Atlantic Rim Project (see Daily GPI, Aug. 9), Warren, which was a working partner with Anadarko on a number of the assets, decided to exercise its preferential rights to purchase Anadarko’s share.
East Coast Distributor Takes Bakken Shale Transloading Stake
Expanding its presence in the Bakken Shale region, Global Partners LP has agreed to acquire a 60% membership interest in Basin Transload LLC, which operates two transloading facilities in North Dakota with a combined rail loading capacity of 160,000 b/d.