Deal

Midland, TX-based Clayton Williams Energy Inc. (CWEI) has struck a deal with a financial investor to monetize 95% of its Wolfberry oil and gas reserves, leasehold interests and facilities in Andrews County, TX, for $214 million. Proceeds will be used to reduce debt.

Energy & Exploration Partners Inc. (E&E) on Monday acquired 57,275 net acres and 11 producing wells in the East Texas Eaglebine formation from a subsidiary of Chesapeake Energy Corp.

Gastar Exploration Ltd. announced a three-way deal with Chesapeake Energy Corp. on Monday, in which Gastar purchased proven reserves in the prospective Hunton Limestone formation in Oklahoma, as well as close to 10% of its common stock. The companies also agreed to settle outstanding litigation.

Energy XXI Ltd. has a deal with Apache Corp. to explore some salt dome structures on the Outer Continental Shelf in the Gulf of Mexico (GOM).

As one of the hottest growing hydrocarbon areas in North America, North Dakota’s legislature has been immersed this year with various proposals to deal with oil and natural gas-related issues. So far, the stakeholders embroiled in the debate are not sure which, if any, bills will make it through the legislative meat grinder.

As one of the hottest growing hydrocarbon areas in North America, North Dakota’s legislature has been immersed this year with various proposals to deal with oil and natural gas-related issues. So far, the stakeholders embroiled in the debate are not sure which, if any, bills will make it through the legislative meat grinder.

Texas will provide $1 million to close a deal with Ascend Performance Materials Texas Inc. to build a propane dehydrogenation (PDH) facility near Houston, Gov. Rick Perry said.

Forest Oil Corp. has agreed to sell all of its South Texas properties — excluding those in the Eagle Ford Shale — for proceeds of $325 million after tax as part of its ongoing deleveraging plan, the company said Thursday.

Continental Resources Inc., now the king of the Bakken Shale, has expanded its empire to an estimated 1.1 million net acres after completing a deal to buy 119,218 million acres for $649.3 million in cash. The Samson Resources Co. properties in North Dakota, primarily in Williams and Divide counties, have current production estimated at about 6,500 boe/d, 82% weighted to crude oil.