Swift Energy Co. is selling its Lake Washington field in southeast Louisiana in order to focus on the Eagle Ford Shale, where it has identified more than 400 drilling locations.
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Castleton Builds Gassy East Texas Leasehold in $1B Deal With Anadarko
Castleton Commodities International LLC agreed Friday to pay Anadarko Petroleum Corp. $1 billion-plus for upstream and midstream properties in the Carthage producing area of East Texas.
Warren Resources Exits Bankruptcy, Plans to Shutter More Offices
Warren Resources Inc. said this week that it has emerged from bankruptcy after four months of proceedings, announcing that it would continue to cut costs and saying its new capital structure might even allow the company to expand its asset base.
Stone Energy in Talks to Sell Appalachian Basin Assets
As part of its discussions with a group of noteholders to reach a restructuring agreement outside of court, Stone Energy Corp. disclosed in a regulatory filing this week that it is in negotiations to sell its Appalachian Basin assets.
J-W Energy’s Oil, Gas Assets Sold to Equity Firms, Canadian Pension Plan
Two private equity firms and a Canadian pension plan have acquired substantially all of J-W Energy Co.’s upstream and midstream oil and gas assets, plus acreage in the Haynesville Shale and the Rockies, which will be part of a joint venture (JV) between the two firms.
EnerVest Deals Central Oklahoma Properties to Jericho
An affiliate of Jericho Oil Corp. has clinched its fifth deal since early 2015 to add acreage in Oklahoma, this time with EnerVest Ltd.
EnLink, NGP to Expand NatGas Midstream Services in Permian’s Delaware
EnLink Midstream is partnering with an affiliate of NGP Natural Resources XI LP to expand natural gas gathering services in the Permian Basin’s Delaware play.
SM Energy Sells Noncore Assets in Three States
SM Energy Co. has agreed to sell two packages of noncore assets for a combined $172.5 million. They are one package of mainly waterflood assets in New Mexico and another of producing assets in North Dakota and Montana.
‘Traditional,’ Smaller E&P Deals Dominating in North America
Few mega-deals have hit the oil and gas sector for awhile, but North American oil and gas transactions have accelerated, particularly in the Permian Basin and in Oklahoma, as commodity prices strengthen, the bid/ask spread tightens and capital markets access improves, Fitch Ratings said Thursday.
Japanese Utility Takes Another Dip in U.S. Shale
The U.S. unit of Tokyo Gas Co. Ltd. has closed a deal to acquire Eagle Ford Shale assets a little more than three years after the Japanese utility company entered the Barnett Shale.