Acres

Abraxas Looking to Sell Permian Acreage, Reduce Borrowing Base

Abraxas Looking to Sell Permian Acreage, Reduce Borrowing Base

San Antonio, TX-based Abraxas Petroleum Corp. said it plans to sell acreage in West Texas to help pay down its debt and that it expects to cut its borrowing base by one-fifth at the end of the month.

March 17, 2016

Comstock Swaps Acreage: Gains in Haynesville Core, Divests in Texas

Comstock Resources Inc. said it has completed an acreage swap with an undisclosed operator, in an equal exchange where it traded away property in Texas for core acreage and drilling locations in the Haynesville Shale in Louisiana.

January 26, 2016
WPX Sells San Juan Gathering System For $309M, Beats 2015 Divestiture Goal

WPX Sells San Juan Gathering System For $309M, Beats 2015 Divestiture Goal

WPX Energy Inc. exceeded its 2015 goal of reducing debt through monetizing $400-500 million of its assets after agreeing to sell its gathering system in the San Juan Basin to an infrastructure fund for $309 million.

January 8, 2016

Panhandle Leases 4K Permian Acres For $2M Plus Royalties

Panhandle Oil and Gas Inc. is leasing more than 4,000 acres in the Permian Basin in West Texas to an undisclosed lessee for $2 million in cash plus royalties, the company said Monday.

January 5, 2016

Gastar Selling Appalachian Assets, Building Midcontinent Position

Looking to conclude a process that began roughly two years ago, Gastar Exploration Inc. said late Wednesday it is marketing its assets in the Appalachian Basin, where widening differentials have forced it to slow spending in recent years in favor of oilier assets in the Midcontinent.

October 15, 2015

W&T Cleaning Balance Sheet With Permian Sale to Ajax

W&T Offshore Inc. is selling its Yellow Rose field interests in the Permian Basin to recently formed Ajax Resources LLC for $376.1 million. Proceeds will go toward paying down debt and supporting liquidity in anticipation of opportunistic acquisitions offshore, W&T said.

September 1, 2015
BLM Sets ‘Model’ Leasing Plan in Utah, Jewell Says, But Industry Wary

BLM Sets ‘Model’ Leasing Plan in Utah, Jewell Says, But Industry Wary

Interior Secretary Sally Jewell last Friday called out a new Bureau of Land Management (BLM) master leasing plan (MLP) for federal lands in east-central Utah as a model for how communities can balance oil/natural gas development with protection of iconic landscapes such as the lands around Moab, UT. The plan begins a 90-day comment period Friday, but some industry sources are already calling the MLP redundant.

August 18, 2015

Pennsylvania Oil/Gas Development Declined in State Forests Last Year

Oil and natural gas development on Pennsylvania’s state-owned forestland appeared to decline last year, according to data presented on Thursday by state Department of Conservation and Natural Resources (DCNR) Secretary Cindy Dunn.

July 24, 2015
Noble Acquiring Rosetta Resources in All-Stock Deal

Noble Acquiring Rosetta Resources in All-Stock Deal

Noble Energy Inc. (NBL) is acquiring struggling Texas producer Rosetta Resources Inc. in an all-stock deal worth $2.1 billion plus debt assumption of $1.8 billion. Rosetta is active in the Eagle Ford Shale and Permian Basin.

May 11, 2015
Noble Acquiring Rosetta Resources in All-Stock Deal

Noble Acquiring Rosetta Resources in All-Stock Deal

Noble Energy Inc. is acquiring struggling Texas producer Rosetta Resources Inc. in an all-stock deal worth $2.1 billion plus debt assumption of $1.8 billion…

May 11, 2015
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