Halcon Resources Corp. said it has acquired more than 50,000 net acres of leasehold in an Eagle Ford Shale play in East Texas, and plans to eventually triple its presence and invest $100 million there this year.
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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.
Industry Brief
Plains All American Pipeline LP (PAA) has agreed to pay Chesapeake Energy Corp. $125 million for crude oil and condensate gathering assets in the Eagle Ford Shale. The acquired assets are complementary to and would be connected with PAA’s existing crude oil and condensate gathering systems. Included in the purchase are 40 miles of crude oil/condensate gathering pipelines with a throughput capacity of 50,000 b/d; 150,000 bbl of existing crude oil and condensate storage capacity; 300,000 bbl of storage capacity under construction; and a truck unloading terminal. Chesapeake agreed to provide long-term acreage dedications of future production from its South Texas leasehold in Webb and Dimmit counties.
‘Attractive Prices’ Lead Atlas to Add to Barnett Leasehold
Atlas Resource Partners LP (ARP) has picked up its third big leasehold this year in the Barnett Shale by agreeing to pay $255 million to DTE Energy Co. for an affiliate that owns close to 35 million boe of proved reserves in the Fort Worth Basin and in the Marble Falls, TX, area.
Carrizo Sells Northern Utica Assets, Eyes Additional Southern Acreage
Carrizo Oil & Gas Inc. announced Monday that it had closed on the sale of a majority of its leasehold in the northern Utica Shale to an undisclosed buyer for $43 million in cash.
Gas Natural’s Maine Pipeline Plan Moves Forward
Gas Natural Inc. has closed on its acquisition of a leasehold interest in a 189-mile pipeline corridor easement in Maine that runs from Searsport to Limestone and various parcels of land, the Mentor, OH-based holding company said Friday. The $4.5 million deal, which included $2.25 million in cash and 210,951 shares of the company’s common stock valued at $10.67/share, closed Sept. 25.
Devon Takes Sumitomo as Partner in Permian
Devon Energy Corp. last week secured $1.4 billion from Japan’s Sumitomo Corp. in exchange for a 30% stake in 650,000 net acres in the Permian Basin’s Cline and Midland-Wolfcamp shales.
BP Eyes Bigger Utica Leasehold
Dry natural gas drilling is coming to a standstill, but BP plc is “looking to see if it might expand” in the liquids-rich Utica Shale after securing a leasehold earlier this year, CEO Bob Dudley said Tuesday.
Range’s Marcellus May Hold 24-30 Tcf, Says CEO
Range Resources Corp. CEO Jeff Ventura said last week the company’s Marcellus Shale leasehold may have the long-term potential for 24-30 Tcf of reserves.
Range’s Marcellus Reserves May Hold 24-30 Tcf, Says CEO
Range Resources Corp. CEO Jeff Ventura said Wednesday the company’s Marcellus Shale leasehold may have the long-term potential for 24-30 Tcf of reserves.