Oklahoma City-based Lagoon Water Solutions on Tuesday paid $85 million for part of Continental Resources Inc.’s oilfield water system serving Oklahoma’s busiest reservoirs, the STACK, aka the Sooner Trend of the Anadarko Basin, mostly in Canadian and Kingfisher counties, and the SCOOP, South Central Oklahoma Oil Province.
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Allentown, PA-based American Energy Partners Inc. (AEP), which focuses on upstream oil and gas operations as well as waste and water treatment, has added another company to its repertoire.
Houston-based Callon Petroleum Co.’s board has approved the acquisition of Carrizo Oil & Gas Inc., adding Eagle Ford Shale-centered assets to Callon’s portfolio.
NGL Energy Partners LP is stepping up its water disposal plans in the Permian Basin with the acquisition of Mesquite Disposals Unlimited LLC for $890 million.
The days of not having much new to talk about in the oil and gas industry came to an abrupt halt last month after Chevron Corp. slapped down a bid to buy Anadarko Petroleum Corp., followed shortly thereafter by Occidental Petroleum Corp. (Oxy) raising the stakes to take the prize.
Chevron Corp. agreed Friday to buy one of the largest independents in the world, Anadarko Petroleum Corp., in a $33 billion deal that expands its armada in the U.S. onshore, deepwater Gulf of Mexico (GOM) and in the liquefied natural gas (LNG) export business.
Pin Oak Energy Partners LLC said Wednesday it has completed a deal to acquire 43,000 acres in northwestern Pennsylvania from Royal Dutch Shell plc affiliate SWEPI LP, buttressing its inventory of deep rights across a region that saw heavy development in the early days of the Appalachian shale boom.
Encana Corp. has clinched a deal to buy Oklahoma stalwart Newfield Exploration Co. in a stock trade worth an estimated $5.5 billion, as well as assuming $2.2 billion net debt, expanding its four core exploration areas of North America’s onshore to a solid five.
Houston-based Sentinel Energy Services Inc., launched last year by Schlumberger Ltd.’s former CEO and a top lieutenant, laid plans Friday to take over North American pipeline services company Strike LLC in a merger valued at $854 million.