Divestiture

BreitBurn Gains Oklahoma Panhandle Assets in Whiting Deal

BreitBurn Gains Oklahoma Panhandle Assets in Whiting Deal

BreitBurn Energy Partners LP is adding to its Permian Basin portfolio after agreeing to pay about $860 million for stakes in Whiting Petroleum Corp.’s Postle and North East Hardesty oilfields in Oklahoma.

June 25, 2013

Rosetta Resources Entering Permian With $768M Deal

Rosetta Resources Inc. has agreed to pay Comstock Resources Inc. $768 million for a package of Permian Basin oil and liquids-rich assets, giving it entry into the West Texas basin.

March 18, 2013

SM Energy Raises Spending; Analysts Note Efficiency

SM Energy Co. raised its guidance for 2011 and introduced plans for 2012 that surpass what analysts were expecting as company executives emphasized a sharpened focus on the Eagle Ford Shale in South Texas.

August 3, 2011

Petrohawk Looks West for Liquids

Petrohawk Energy Corp. has gone west in pursuit of oil and liquids-rich gas production from the Permian Basin, adding to its established holdings in the Eagle Ford and Haynesville shales.

May 10, 2011

BP Continues to Pare Portfolio

To meet its $30 billion divestiture target by the end of 2011 BP plc will continue to sell properties, including in the United States and Canada, the producer said in its annual report.

March 7, 2011

BP to Continue Asset Sales

To meet its $30 billion divestiture target by the end of 2011 BP plc will continue to pare its assets with sales in the United States, Canada and the United Kingdom, the producer said in its annual report, which was released on Thursday.

March 4, 2011

ExxonMobil, Affiliates Ready to Sell Gas-Rich Assets in Texas, Canada

ExxonMobil Corp. has a bundle of natural gas-heavy properties in Texas and Canada up for sale, according to Indigopool.com, Schlumberger’s acquisition and divestiture website.

May 29, 2007

ExxonMobil, Affiliates Ready to Sell Gas-Rich Assets in Texas, Canada

ExxonMobil Corp. has a bundle of natural gas-heavy properties in Texas and Canada up for sale, according to Indigopool.com, Schlumberger’s acquisition and divestiture website.

May 28, 2007

Anadarko Divestitures Reveal Value of Asset Base, Say Analysts

Since its blockbuster acquisitions of Kerr-McGee Corp. and Western Gas Resources Inc. (see NGI, Aug. 28, 2006; June 26, 2006), Anadarko Petroleum Corp. has been on a divestiture tear, cutting down acquisition debt through multiple asset sales. So far, the company’s plan to end 2007 with $12 billion of debt is on track, according to analysts.

February 5, 2007

Anadarko Divestitures Reveal Value of Asset Base, Say Analysts

Since its blockbuster acquisitions of Kerr-McGee Corp. and Western Gas Resources Inc. (see Daily GPI, June 26, 2006), Anadarko Petroleum Corp. has been on a divestiture tear, cutting down acquisition debt through multiple asset sales. So far, the company’s plan to end 2007 with $12 billion of debt is on track, according to analysts.

January 30, 2007
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