Properties

Range Resources Corp. said late Monday it sold a 1% overriding royalty interest in its leases for core properties in Southwest Pennsylvania for $300 million to an undisclosed buyer as part of ongoing efforts to reduce leverage.

Denver-based Carbon Natural Gas Company (CRBO), which operates oil and natural gas wells in the Appalachian and Illinois basins, has formed a new entity with two undisclosed institutional investors to develop and acquire assets in Southern Appalachia.

Callon Petroleum Co. said late Tuesday it is acquiring close to 16,000 net acres, 192 net locations and 2,884 boe/d in private transactions that will nearly double its position in the Permian Basin of Texas.

Callon Petroleum Co. said late Tuesday it is acquiring close to 16,000 net acres, 192 net locations and 2,884 boe/d in private transactions that will nearly double its position in the Permian Basin of Texas.

Questar Corp. has received approval from Utah and Wyoming regulators to include additional natural gas properties under a long-standing agreement that enables it to produce gas at cost-of-service for its utility customers in both states.

Four onshore operators on Tuesday were dividing up a bundle of properties in the Midcontinent and Williston Basin being sold by a unit of QEP Resources Inc.

Encana Corp. is selling close to 90,000 net acres of natural gas-rich properties in the Deep Bossier play of East Texas for $530 million, the company said Tuesday.

EV Energy Partners LP (EVEP) and partnerships managed by EnerVest Ltd. have agreed to acquire Barnett Shale natural gas properties from Carrizo Oil and Gas Inc.

Gastar Exploration Ltd. is selling about 76,000 net acres in Kingfisher and Canadian counties in Oklahoma for $62 million and also agreed to swap acreage with the undisclosed buyer so that both might concentrate their positions, the company said Tuesday.