Gulfport Energy Corp. has entered an $87 million agreement to acquire 12,600 net acres in Monroe County, OH, from an undisclosed seller. The undeveloped properties, 50% held by production, are near the company’s core position in the Utica Shale. Gulfport said it would fund the transaction with cash on hand. The bolt-on increases its Utica position to more than 223,000 net acres, with nearly 70% in the dry gas window. The sale is expected to close by the end of December.
Acquired
Articles from Acquired
Resolute Pads Delaware Position in Permian with $135M Purchase
Resolute Energy Corp. is boosting its holdings in the Permian Basin’s Delaware formation after agreeing to pay $135 million for close to 3,300 net acres in Reeves County, TX.
October 5, 2016
NGI The Weekly Gas Market Report
Phillips 66 Partners Acquires NGL Assets in Southeast Louisiana From Chevron
Phillips 66 Partners LP (PSXP) said it has reached an agreement to acquire natural gas liquids (NGL) assets in southeast Louisiana — including approximately 500 miles of pipelines, a storage cavern and other facilities — from Chevron Corp.
August 26, 2016
Reliance Oilfield Expands North American Wireline Business in Deal with FMC
Tulsa-based Reliance Oilfield Services LLC said Wednesday it is paying an undisclosed amount for FMC Technologies Inc.’s wireline services business in Canada and the United States, expanding its completions service lines across North America.
May 11, 2016
Reliance Oilfield Expands North American Wireline Business in Deal with FMC
Tulsa-based Reliance Oilfield Services LLC said Wednesday it is paying an undisclosed amount for FMC Technologies Inc.’s wireline services business in Canada and the United States, expanding its completions service lines across North America.
May 11, 2016
Synergy Expanding Wattenberg Footprint in $505M Deal with Noble
Synergy Resources Corp. is adding 33,100 net acres in the heart of the natural gas-rich Wattenberg field of Colorado in separate transactions with Noble Energy Inc. worth $505 million.
May 4, 2016
Synergy Expanding Wattenberg Footprint in $505M Deal with Noble
Synergy Resources Corp. is adding 33,100 net acres in the heart of the natural gas-rich Wattenberg field of Colorado in separate transactions with Noble Energy Inc. worth $505 million.
May 4, 2016
Tallgrass Gains 75% Stake in REX in $440M Deal with Sempra
A unit of San Diego-based Sempra Energy has agreed to sell its 25% stake in the Rockies Express Pipeline (REX) to Tallgrass Development LP for $440 million in cash, which would hand Tallgrass a three-quarter stake in the massive natural gas system.
March 30, 2016
China’s Blue Whale Continues Building Permian Portfolio
Houston-based Blue Whale Energy North America, formed by a Chinese holding company to acquire U.S. oil and natural gas projects, on Monday said it had completed its $1 billion-plus purchase of more than 78,000 net acres in the Permian Basin of Texas from two private equity-backed producers. Blue Whale to date this year has paid $1.4 billion to accumulate a Permian portfolio across 85,000 net acres.
December 1, 2015
LRR Acquiring Legacy Oklahoma Oil, Gas Properties
LRR Energy LP will acquire producing oil and natural gas assets in Central Oklahoma, in a legacy field in the Permian Basin, from an undisclosed seller for $38 million, the company said Tuesday.
September 4, 2014
Listen to the latest episode of our newest podcast NGI's Hub and Flow via:
