Acres

A natural gas gathering system with initial capacity of 500 MMcf/d is being developed to service XTO Energy Inc.’s operations in southeastern Ohio, Summit Midstream Partners LLC said Monday.

Six years of turmoil were ended Friday with a federal-state settlement of the disputed oil/natural gas drilling leases on Colorado’s Roan Plateau along a pristine portion of the Western Slope near Rifle, CO. The deal provides for protections, some drilling, 17 of 19 leases by one company to be rescinded, and other leaseholders in a designated base area to hang on to their holdings.

Wyoming sold oil and natural gas leases in a quarterly auction Wednesday, generating $3.49 million in revenues involving 71,960 acres, the Office of State Lands and Investments said.

Exactly a year after it said parts of its 2.5 million acres in the Midcontinent could be up for sale, a Houston-based Occidental Petroleum Corp. (Oxy) spokesperson refused to comment Thursday on rumors in North Dakota that Oxy was selling all of its more than 330,000 acres in the Williston Basin for an asking price of $3 billion.

Linn Energy LLC struck two deals to sell assets in Texas for gross proceeds of $2.3 billion, which will be used to pay for a recent acquisition, the company said Friday.

ExxonMobil Corp. has added 17,800 net acres to its Permian Basin portfolio in a swap of some of its California land with Linn Energy LLC.

Callon Petroleum Co. has agreed to purchase more than 6,000 gross acres of both undeveloped and producing property, spread across four Texas counties in the Midland Basin, from undisclosed private sellers for $212.6 million in cash.

Royal Dutch Shell plc on Thursday announced two more agreements in a bid to restructure its North American portfolio and realign its shale operations with the divestiture of 126,000 net acres in North Louisiana’s Haynesville Shale and the Pinedale Anticline of Wyoming.

Chesapeake Energy Corp. has agreed to swap property and producing wells in the Powder River Basin of Wyoming with RKI Exploration & Production LLC, the company said Tuesday.