Rex Energy Corp., which filed for bankruptcy in May, said this week that it has entered a deal to sell all of its oil and gas assets in western Pennsylvania and eastern Ohio to PennEnergy Resources LLC for $600.5 million.
Tag / Acquisition
SubscribeAcquisition
Articles from Acquisition
Williams Enters DJ Basin in $1.2B Deal, Sells Four Corners Assets to Harvest
Williams (WMB) will add Colorado’s “premium-growth” Denver-Julesburg (DJ) Basin to its oil and natural gas midstream portfolio in a joint venture (JV) with KKR & Co. to buy Discovery DJ Services from TPG Growth in a $1.173 billion deal, the Tulsa-based company said Monday.
KKR-Backed Partnership Acquires More Eagle Ford Assets
Affiliates of Venado Oil and Gas LLC and Kohlberg Kravis Roberts & Co. LP (KKR) have again scooped up assets in the Eagle Ford Shale of South Texas from an undisclosed seller.
Kimbell to Acquire Haymaker Assets for $404M, Boosting Position in Permian, Midcontinent
Kimbell Royalty Partners LP plans to solidify its position in the Permian Basin and the Midcontinent by acquiring all mineral and royalty interests held by Haymaker Resources LP and Haymaker Minerals & Royalties LLC in a deal valued at $404 million.
Leucadia Unit Snags Bakken Acreage for $190M
Vitesse Energy Finance on Monday expanded its stake in the Bakken Shale in North Dakota with the $190 million purchase of 23,000 net acres.
Energy Hunter Bolts-On Acreage in Permian
Energy Hunter Resources Inc. has cut a deal to nearly double the size of its position in the Permian Basin’s San Andres oil play by agreeing to acquire 8,817 gross acres in Cochran County, TX, from Lubbock Energy Partners LLC.
Permian Dealmaking Leads 1Q Worldwide Transactions, Led by Concho-RSP Merger
Supported by U.S. dealmaking in the Permian Basin, global upstream transactions hit $32 billion in the first quarter, according to oil and gas information provider 1Derrick.
Sumitomo Eyeing U.S. Onshore Growth in Takeover of OCTG Supplier Champions
Japan’s Sumitomo Corp. has set its cap to buy Houston-based Champions Cinco Pipe & Supply LLC, whose global oilfield business provides equipment to U.S. onshore customers.
Investors Yearning for Simplicity After EQT, Rice Tie-Up Breeds Natural Gas Juggernaut
EQT Corp. produced an astounding 4 Bcfe/d in December, its first full month of integrated operations after completing the acquisition of Rice Energy Inc. in a deal that gave rise to the nation’s largest natural gas producer.
Pin Oak’s Buying Spree Continues in Series of Appalachian Deals
Upstart Pin Oak Energy Partners LLC has acquired another 70,000 net acres in Ohio and Pennsylvania that are prospective for the Utica Shale through a series of transactions with undisclosed sellers that closed this month.