Houston-based Plains Exploration & Production Co. (PXP) said Thursday it hopes to raise $1-2 billion from its Gulf of Mexico (GOM) properties either through third-party joint ventures or through asset sales “to align capital spending with operating cash flow.”
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Apache Builds GOM, Onshore Portfolio with Mariner Merger
On the heels of an agreement to buy Devon Energy Corp.’s Outer Continental Shelf properties in the Gulf of Mexico (GOM), Apache Corp. on Thursday said it has a cash-and-stock offer worth an estimated $2.7 billion on the table to merge with Mariner Energy Inc., whose portfolio is concentrated in the GOM.
Apache Builds GOM, Onshore Portfolio with Mariner Merger
On the heels of an agreement to buy Devon Energy Corp.’s Outer Continental Shelf properties in the Gulf of Mexico (GOM), Apache Corp. on Thursday said it has a cash-and-stock offer worth an estimated $2.7 billion on the table to merge with Mariner Energy Inc., whose portfolio is concentrated in the GOM.
W&T Offshore Buys Stakes in Producing GOM Fields
W&T Offshore Inc. on Thursday said it has made good on its plan to pursue acquisitions this year by grabbing stakes in three offshore properties in the Gulf of Mexico (GOM) from the U.S. subsidiary of Total SA. The purchase price was not disclosed.
W&T Offshore Buys Stakes in Producing GOM Fields
W&T Offshore Inc. on Thursday said it has made good on its plan to pursue acquisitions this year by grabbing stakes in three offshore properties in the Gulf of Mexico (GOM) from the U.S. subsidiary of Total SA. The purchase price was not disclosed.
TransAmerican Taking Utica Shale Stake
Vancouver, BC-based TransAmerican Energy Inc. said Monday it plans to acquire a 100% interest in 10 Utica shale oil and gas properties on 136,000 acres in Quebec.
TransAmerican Taking Utica Shale Stake
Vancouver, BC-based TransAmerican Energy Inc. said Monday it plans to acquire a 100% interest in 10 Utica shale oil and gas properties on 136,000 acres in Quebec.
Helix Wants Focus on Deepwater Services
Houston-based Helix Energy Solutions on Monday said it is evaluating strategic alternatives to sell all of its natural gas and oil properties to refocus on deepwater contract services.
Helix Wants Focus on Deepwater Services
Houston-based Helix Energy Solutions on Monday said it is evaluating strategic alternatives to sell all of its natural gas and oil properties to refocus on deepwater contract services.
Suncor Shops Third of North American Gas Assets
Calgary-based Suncor Energy Inc. wants to sell about one-third of its North American-weighted natural gas properties, part of a plan to divest up to C$4 billion of oil and gas assets in 2010.