Acreage

Devon Energy Corp. on Monday paid $2.5 billion to tack on 80,000 net surface areas in Oklahoma’s emerging stacked reservoirs and double its position in the Powder River Basin, two onshore areas that CEO Dave Hager said were among the best in North America.

Memorial Resource Development Corp. (MRD) in separate deals is acquiring or leasing acreage adjacent to its North Louisiana operating areas in the Cotton Valley Sands formation’s Terryville Complex.

Ohio pure-play Eclipse Resources Corp. plans to continue focusing on its dry natural gas acreage for the rest of the year, where it’s currently testing tighter downspacing that could potentially increase its drilling locations there by 20%.

Stonehenge Energy Resources II LP has agreed to construct a 400 MMcf/d natural gas gathering system for Rex Energy Corp.’s recently acquired acreage in northern Butler County, PA.

Stonehenge Energy Resources II LP has agreed to construct a 400 MMcf/d natural gas gathering system for Rex Energy Corp.'s recently acquired acreage in northern Butler County, PA.

Marcellus Shale pure-play operator Trans Energy Inc. announced a deal late Thursday to sell one-third of its net acreage in West Virginia to an undisclosed buyer for $71.3 million.

EOG Resources is sitting on a 15-year inventory of potential drilling sites in the Eagle Ford, Bakken and Delaware Basin plays and has plans to acquire more prime drilling locations, EOG CEO Bill Thomas said at the Credit Suisse annual Energy Summit in Vail, CO.

Parsley Energy Inc. is spending $252 million in multiple deals to acquire undeveloped acreage and producing properties adjacent to its operating areas in Reagan County, TX.

Dallas-based RSP Permian Inc. is buying Permian Basin acreage and oil/gas producing properties in Glasscock County, TX, in multiple deals worth a combined $259 million in cash.