Adding to its stable of production plays, Denver-based PRB Energy Inc. said Tuesday that it is acquiring 13 natural gas wells and approximately 330,000 net acres in the Denver-Julesburg Basin of northeast Colorado and southwest Nebraska. Terms of the deal and the seller’s identity were not disclosed.
Acquiring
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Husky Expands Holdings in Jeanne d’Arc Basin
Calgary-based Husky Energy has expanded its oil and natural gas holdings in the Jeanne d’Arc Basin by acquiring exploration rights on two land parcels covering about 60 square miles (156 square kilometers). The C$36.5 million nine-year work commitment, obtained through a lease from the Canada-Newfoundland Labrador Offshore Petroleum Board, makes Husky one of the largest landholders in the region.
Woodside Energy Raises Gulf Production Stake with $297M Gryphon Acquisition
Australian exploration and production giant Woodside Petroleum Ltd. said Thursday that its U.S. production arm expanded its offshore interests in the Gulf of Mexico by acquiring Houston-based Gryphon Exploration Co., a joint venture between Cheniere Energy Inc. and Warburg Pincus.
El Paso to Buy Denver Producer for $814M in Cash
Energy giant El Paso Corp. said Tuesday that it is acquiring Denver-based Medicine Bow Energy Corp. for $814 million in cash through its wholly-owned subsidiary, El Paso Holding Co.
Williston Basin Holds Storage/Transportation Open Season for Potential Expansion
Williston Basin Interstate Pipeline Co. is holding a nonbinding open season through July 1 for parties interested in acquiring firm storage service, and firm transportation service if required, through the construction of new facilities on its system.
Shell Canada Plans 3-D Survey of Newfoundland’s Orphan Basin
Shell Canada Ltd. plans to conduct a 3-D survey this summer of the Orphan Basin, located in the deepwater offshore Newfoundland and Labrador, after acquiring a 20% interest in eight exploration licenses. The interest was acquired under a farm-in agreement with ExxonMobil Canada and Imperial Oil Resources.
Evergreen Acquires More CBM Acreage in Kansas
Denver-based Evergreen Resources Inc. now holds a 100% working interest in more than 650,000 acres in eastern Kansas after acquiring 113,000 acres of prospective coalbed methane (CBM) acreage from a private Midland, TX-based producer. Evergreen paid $10.2 million in cash.
KCC OKs Settlement to Dilute Westar’s Ownership of Oneok
Oneok Inc. announced Friday the Kansas Corporation Commission has approved its previously announced agreement with Westar Energy, Inc. for Oneok to repurchase some of its preferred shares held by subsidiary Westar Industries, unwinding Westar’s 45% ownership interest in Oneok.
XTO Sees More ’03 Gas Production with San Juan Buy
Fort Worth-based independent XTO Energy Inc. is acquiring some coalbed methane (CBM) properties in the San Juan Basin of Colorado for $160 million, after entering into a definitive agreement with J. M. Huber Corp. of Edison, NJ.
XTO Sees More ’03 Gas Production with San Juan Buy
Fort Worth-based independent XTO Energy Inc. is acquiring some coalbed methane (CBM) properties in the San Juan Basin of Colorado for $160 million, after entering into a definitive agreement with J. M. Huber Corp. of Edison, NJ.