Acquisition

Viking Energy Group Inc. said its proven oil and natural gas reserves increased after it acquired Petrodome Energy LLC from Black Rhino LP, a privately held operator, in a cash-and-stock deal valued at $3.2 million.

Chaparral Energy Inc., a pure-play operator focused on the STACK (Sooner Trend of the Anadarko Basin, mostly in Canadian and Kingfisher counties) play in Oklahoma, said it has entered into an agreement to purchase 7,000 contiguous net acres in the latter county for $60 million in cash.

CNX Resources Corp. announced Friday that it would assume full ownership of Cone Midstream Partners LP after entering an agreement with Noble Energy Inc. to acquire its remaining interest in the system for $305 million in cash.

Chisholm Energy Holdings LLC, a startup producer backed by private equity (PE) giant Warburg Pincus, said Thursday it has a definitive agreement in hand to acquire undeveloped acreage in New Mexico’s Permian Basin.

Akron, OH-based Pin Oak Energy Partners LLC continued a buying spree on Wednesday, announcing that it had completed a transaction to acquire 4,300 gross acres in northwest Pennsylvania from Seneca Resources Corp.

Penn Virginia Corp. reported Tuesday that it has completed its acquisition of Eagle Ford Shale assets located primarily in Lavaca County, TX from Devon Energy Corp. for $205 million in cash.

PDC Energy Inc. has agreed to buy 8,300 net acres for $210 million and swap other land in two separate deals to block up its core Denver-Julesburg (DJ) Basin position in Weld County, CO.

A newly formed affiliate of Denver-based Carbon Natural Gas Co. continues to acquire acreage in the Appalachian Basin, announcing Tuesday that it paid an undisclosed seller $21.5 million for natural gas assets in West Virginia.

EQT Corp. investor Jana Partners LLC continues to lobby against the company’s proposed $8 billion acquisition of Rice Energy Inc. In another letter to EQT’s board of directors, Jana founder Barry Rosenstein said management “conjured up dubious additional synergies” to help sell the acquisition to shareholders during its second quarter earnings call. Rosenstein previously wrote the board to say EQT’s deal to buy Rice would cost too much and said the original $2.5 billion of estimated cost synergies would be eroded by the premium. EQT management said during the call that if it acquires Rice, longer laterals, administrative savings, buying power and marketing optimization, among other things, could create up to $7.5 billion in synergies. Jana, which owns nearly 6% of EQT’s shares, said many could be worth nothing at all or achieved without the acquisition. Jana instead wants EQT to separate its upstream and midstream businesses.