Acquisition

ConocoPhillips Doubles Natural Gas-Rich Montney Shale Portfolio in $375M Deal with Kelt

ConocoPhillips Doubles Natural Gas-Rich Montney Shale Portfolio in $375M Deal with Kelt

ConocoPhillips is nearly doubling its leasehold and adding substantial production in Western Canada’s natural gas-rich Montney Shale following a $375 million bolt-on purchase from Calgary-based Kelt Exploration Ltd. The transaction in northeastern British Columbia (BC) announced Wednesday would add 140,000 net acres and an estimated 15,000 boe/d of output in a liquids-rich zone known as…

July 23, 2020
Black Bear Transmission Adds Natural Gas System to Southeast Portfolio

Black Bear Transmission Adds Natural Gas System to Southeast Portfolio

Houston-based Black Bear Transmission LLC has acquired a portfolio of natural gas transmission assets from a subsidiary of Third Coast Midstream LLC that span 1,400 miles in Alabama, Louisiana and Mississippi. The six intrastate pipeline system has capacity of more than 800 MMcf/d with interconnectivity to long-haul pipelines.  This is Black Bear’s second bolt-on acquisition.…

July 1, 2020
Talos Bolts On Natural Gas-Heavy GOM Acreage in Cash-Stock Deal with Castex

Talos Bolts On Natural Gas-Heavy GOM Acreage in Cash-Stock Deal with Castex

Houston offshore explorer Talos Energy Inc., which has holdings throughout the Gulf of Mexico, said it has bolted on 16 natural gas-heavy assets in its core U.S. holdings. The properties on the Outer Continental Shelf offshore Louisiana, in which Talos already has stakes, are being acquired from Castex Energy 2005 for an estimated $65 million,…

June 24, 2020
Louisiana LNG Project Lands New Buyer After Second Deal Falls Through

Louisiana LNG Project Lands New Buyer After Second Deal Falls Through

Liquefied Natural Gas Ltd. (LNGL) has lined up yet another deal to sell some assets after a transaction with Global Energy Megatrend Ltd. fell through this week.

May 28, 2020
In Concession to Icahn, Oxy Taps Former Chief Chazen as Chair

In Concession to Icahn, Oxy Taps Former Chief Chazen as Chair

Houston-based independent Occidental Petroleum Corp. (Oxy) said Tuesday it has named Magnolia Oil and Gas Corp. CEO Stephen Chazen as chairman in an apparent concession to activist shareholder Carl Icahn.

March 24, 2020

W&T Snaps Up Stakes in Deepwater Magnolia Field from ConocoPhillips

Houston-based W&T Offshore Inc. has become the operator and majority owner of the Magnolia field in the deepwater Gulf of Mexico (GOM) in a $20 million acquisition from ConocoPhillips.

December 24, 2019

Laredo Bolts On More Permian Opportunities in West Texas

Tulsa-based independent Laredo Petroleum Inc. has added 4,475 contiguous net acres in West Texas for $65 million, helping to build its oily footprint in the Permian Basin.

December 10, 2019

Haynesville Holds ‘At Least’ 10 Years of Drilling at $2/MMBtu, Says DTE

DTE Energy CEO during a third quarter conference call Monday touted the company’s recent midstream acquisition in the Haynesville Shale, claiming its “extremely strong” resources hold “at least 10 years of drilling available at sub $2/MMBtu prices.”

October 29, 2019

Abraxas Sells More Assets, Suspends Permian Drilling

San Antonio,TX-based Abraxas Petroleum Corp. last week inked two asset sales worth about $7.9 million and suspended some drilling in the Permian Basin.

October 7, 2019
NGL Energy Building Out Permian Water Disposal Options with Hillstone Takeover

NGL Energy Building Out Permian Water Disposal Options with Hillstone Takeover

Tulsa’s NGL Energy Partners LP said Thursday it would build water pipeline and disposal infrastructure for oil and gas producers in the Permian Basin with a $600 million deal to acquire Hillstone Environmental Partners LLC.

September 26, 2019
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