Denver-based Kodiak Oil & Gas Corp. has completed its acquisition of 42,000 net acres and associated production in North Dakota’s Williston Basin for $660 million in cash from Liberty Resources LLC. The deal included core Bakken and Three Forks producing properties in addition to undeveloped leaseholds.
Deals
Articles from Deals
Northeast, East Lead Cash Lower, But Futures Swoon
Physical natural gas overall fell 2 cents in Thursday’s trading, but that followed the typical Thursday script of traders getting their deals done prior to the release of Energy Information Administration (EIA) inventory data.
Summit Midstream Buys Bakken, Marcellus Gathering
Dallas-based Summit Midstream Partners LP (SMLP) is buying two shale gas gathering systems — one in the Bakken and the other in the Marcellus — in two deals worth a combined $460 million. The Marcellus transaction marks the company’s entry into the play.
Summit Midstream Spends $460M on Bakken, Marcellus Gathering
Dallas-based Summit Midstream Partners LP (SMLP) is buying two shale gas gathering systems — one in the Bakken and the other in the Marcellus — in two deals worth a combined $460 million. The Marcellus transaction marks the company’s entry into the play.
Kodiak Acquires Acreage, Production in Williston Basin
Kodiak Oil & Gas Corp. has agreed to purchase 42,000 net acres and associated production in North Dakota’s Williston Basin for $660 million in cash from Liberty Resources LLC.
Northeast Still Gaining, But Futures Tumble
Cash prices overall were steady Thursday in large part due to physical traders getting their deals done prior to the release of the Energy Information Administration (EIA) storage figures and subsequent price volatility.
East, Northeast Lead Broad Retreat, But Futures Bound Higher
Cash natural gas prices fell a nickel overall Thursday as traders elected to get most of their deals done ahead of the usual volatility following the release of government inventory data.
Southern California Leads Broad Decline; Futures Take Double-Digit Hit
Cash natural gas prices fell 4 cents overall as traders elected to get their deals done ahead of the Energy Information Administration’s (EIA) weekly storage report.
Northeast Eases, But Midcontinent, East Firm; Futures Inch Higher
Physical natural gas fell all of a half cent on average Thursday as traders got most deals done prior to the Energy Information Administration (EIA) report on natural gas inventories.
Cash Points See Modest Losses; Storage Prompts Futures Free-Fall
Cash natural gas prices skidded about 4 cents Thursday as traders made sure they got their deals done prior to the release of storage data by the Energy Information Administration (EIA).