Repay

One month after announcing that it was abandoning a potential partnership strategy to help develop its Eagle Ford Shale acreage in favor of a “go-it-alone plan,” Denver-based Forest Oil Corp. said it has entered into an agreement to sell the majority of its East Texas natural gas gathering assets to a subsidiary of Tristate Midstream II LLC for proceeds of $34 million.

Pittsburgh’s CONSOL Energy Inc., which has increasingly been focused on its Appalachian natural gas operations, agreed Thursday to sell Noble Energy Inc. half of its 663,350 net-acre leasehold in a portion of the Marcellus Shale in Pennsylvania and West Virginia, including a half-stake in existing wells, under a multi-year transaction valued at $3.4 billion.

Dynegy Inc. said it would use the net proceeds from the sale of an additional $50 million of debentures on Tuesday to repay a portion of its $244 million Term B loan outstanding under its restructured credit facilities. Dynegy recently completed the private placement of $175 million of its 4.75% convertible subordinated notes due in 2023, and the initial purchasers of the debentures exercised their option to purchase the additional debentures on the same terms.

A federal appeals court in Washington D.C. has ordered theDepartment of Interior to repay ExxonMobil and USX-Marathon Group’sMarathon Oil Co. $78 million each for reneging on oil and gas leaseagreements the companies signed in 1981 to drill off the coast ofNorth Carolina.

A federal appeals court in Washington, D.C. last week orderedthe Department of Interior to repay ExxonMobil and USX-MarathonGroup’s Marathon Oil Co. $78 million each for reneging on leaseagreements the companies signed in 1981 to drill off the coast ofNorth Carolina.