Assets

Kinder Morgan Snaps Up South Texas Natural Gas System from Southcross

Kinder Morgan Snaps Up South Texas Natural Gas System from Southcross

Eagle Ford Shale midstreamer Southcross Energy Partners LP, which filed for Chapter 11 restructuring earlier this year, has been given approval to sell some natural gas pipeline and infrastructure assets in South Texas to a unit of Kinder Morgan Inc.

November 7, 2019

KKR Saddles Up with Spur Energy to Prospect in Permian and Beyond

Houston-based Spur Energy Partners LLC, formed earlier this year, has partnered up with sponsor KKR to buy some Permian Basin assets and acquire other properties across the Lower 48.

May 14, 2019

SandRidge Rejects Offers, Chooses to Develop Assets Instead

SandRidge Energy Inc. said it plans to continue developing its assets in Colorado, the Mississippian Lime and the Midcontinent after the board determined that multiple offers for a merger or a sale fell short of expectations.

September 12, 2018
BP Builds Lower 48 Heft, Enters Permian with $10.5B Takeover of BHP Assets

BP Builds Lower 48 Heft, Enters Permian with $10.5B Takeover of BHP Assets

BP plc late Thursday confirmed the rumors and agreed to pay $10.5 billion to acquire nearly all of BHP’s massive U.S. onshore portfolio, giving it entry into the Permian Basin in West Texas and substantial acreage in the Eagle Ford and Haynesville shales.

July 27, 2018
BP’s $10.5B Leap into Lower 48 Onshore with BHP Buy ‘Transformational’

BP’s $10.5B Leap into Lower 48 Onshore with BHP Buy ‘Transformational’

BP plc late Thursday agreed to pay $10.5 billion to acquire nearly all of BHP’s massive U.S. onshore portfolio, giving it entry into the Permian Basin in West Texas, doubling its Haynesville Shale position and adding attractive acreage in the Eagle Ford Shale.

July 27, 2018

Brief — QEP Divestiture

QEP Resources Inc. has agreed to sell some of its Uinta Basin assets to Middle Fork Energy Partners LLC for $155 million. The divestiture, subject to customary purchase price adjustments, includes 605 Bcfe of proved reserves and production of 54 MMcfe/d in 1Q2018, consisting of 23% liquids. The properties are located in Duchesne and Uintah counties in eastern Utah. QEP also operates in the Haynesville Shale, and the Williston and Permian basins.

July 10, 2018
Ascent Spending $1.5B to Inflate Utica Shale Position

Ascent Spending $1.5B to Inflate Utica Shale Position

Ascent Resources LLC announced on Friday that it would acquire 113,400 net Utica Shale acres for $1.5 billion in a package of deals with multiple sellers, ballooning the company’s position in the play to more than 300,000 net acres and becoming one of the country’s largest private exploration and production (E&P) companies in the process.

June 29, 2018
Crescent Point to Sell Williston Basin Assets for C$280M

Crescent Point to Sell Williston Basin Assets for C$280M

Crescent Point Energy Corp. plans to sell some of its noncore assets in the Williston Basin for a total of C$280 million in a pair of transactions expected to close by the end of the month, the Calgary-based company said Tuesday.

June 19, 2018

California Resources Buys Remaining Elk Hills Stakes

California Resources Corp. (CRC) on Monday purchased the remaining interest in the historic Elk Hills oilfield in the San Joaquin Basin from Chevron Corp. for $460 million and 2.85 million common shares, giving it full ownership.

April 10, 2018
Carrizo to Sell DJ Assets for $140M, Completes Sales in Appalachia

Carrizo to Sell DJ Assets for $140M, Completes Sales in Appalachia

Fresh from closing on a pair of asset sales in the Appalachian Basin, Carrizo Oil & Gas Inc. said it will sell substantially all of its assets in the Denver-Julesburg (DJ) Basin to an undisclosed buyer for $140 million, the latest move in a divestiture program begun earlier this year.

November 28, 2017
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