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Gulfport Unloads More Midcontinent, Appalachian Assets for Roughly $80M

Gulfport Energy Corp. has announced another round of noncore asset sales with agreements to sell for nearly $80 million water infrastructure assets in the Midcontinent and stakes in the Appalachian Basin.

December 23, 2019

Devon Exits Barnett, Thailand’s BKV Expands Stakes in Lower 48 Natural Gas

Oklahoma City-based Devon Energy Corp., which gained entry into the unconventional natural gas business in 2002 with what at the time was a megadeal in the Barnett Shale, has agreed to sell the legendary assets in North Texas to Thailand’s Banpu Kalnin Ventures (BKV) for $770 million.

December 18, 2019
Range Completes Another Deal to Sell Royalty Interest in Southwest Pennsylvania

Range Completes Another Deal to Sell Royalty Interest in Southwest Pennsylvania

Range Resources Corp. said Monday that it’s sold another overriding royalty interest in its core properties in Southwest Pennsylvania for $150 million to an undisclosed buyer as it continues to focus on cutting debt and strengthening its balance sheet.

October 21, 2019

Brigade to Take Over Nine Energy’s Production Solutions Business

Completions expert Nine Energy Service Inc. is slimming down its workforce by almost one-quarter by selling its production solutions segment to cross-town operator Brigade Energy Services LLC.

September 5, 2019

Crescent Point Tightens Portfolio with Utah, Saskatchewan Sales

Calgary-based Crescent Point Energy Corp. is continuing its organizational slim-down launched last year by inking a deal to sell Uinta Basin and Saskatchewan assets for C$912 million ($684 million) to undisclosed buyers.

September 4, 2019

Kinder Morgan to Sell Last Canadian Assets for $3.3 Billion

Kinder Morgan Inc. (KMI) will sell its remaining Canadian assets to Pembina Pipeline Corp. for C$4.35 billion ($3.3 billion) in cash and stock.

August 21, 2019

Gulfport Divests Legacy Gulf Coast Assets as Focus Narrows to Core Properties

Gulfport Energy Corp. has dumped more noncore assets as part of a broader effort to simplify its portfolio and better control costs, announcing the sale of its legacy assets on the Gulf Coast to an undisclosed buyer for $54.1 million.

August 5, 2019

TC Energy Unloads Three Ontario Gas-Fired Power Plants in $2.2B Deal

TC Energy Corp. announced a C$2.87 billion ($2.2 billion) sale Tuesday of three Ontario natural gas-fired power plants and earmarked the proceeds for growth projects in Canada, the United States and Mexico.

August 1, 2019
New Mexico Permian Stands Out in Recent BLM Auctions

New Mexico Permian Stands Out in Recent BLM Auctions

The Trump administration of late has had less to cheer about from quarterly Bureau of Land Management (BLM) oil and natural gas lease sales, but the Permian Basin continues to be a big draw in New Mexico.

July 9, 2019
Devon Exiting Canada in $2.8B Sale to Canadian Natural

Devon Exiting Canada in $2.8B Sale to Canadian Natural

Oklahoma City-based Devon Energy Corp., whose fortunes today are trained on Lower 48 oil prospects, is selling its Canadian business for $2.8 billion (C$3.8 billion) to Canadian Natural Resources Ltd.

May 29, 2019