Tulsa-based pipeline giant Williams said Thursday it has sold some pipeline systems in the Gulf Coast area to Easton Energy LLC for $177 million.
Articles from sale
The November oil and gas lease sale held by the New Mexico State Land Office established an all-time record for revenue, reaching $43.2 million. The previous monthly record was $30.03 million set in July 2017. Katy TX-based Percheron Energy was the high bidder in sealed bids, obtaining 1,999.31 acres in Lea, Chaves and McKinley counties. All but one tract was sold, with one tract receiving no bids and a second tract withdrawn. Nine bidders combined for the total proceeds, with an average per-acre price of $5,431.88. Thirty-two bidders from eight states participated.
QEP Resources Inc. has secured a deal to sell its Montana and North Dakota assets in the Williston Basin to Vantage Energy Acquisition Corp.
Dominion Energy said it has sold its interest in two combined-cycle gas turbine (CCGT) facilities and a hydroelectric project in two separate transactions to an affiliate of Starwood Capital Group Global LP for $1.32 billion.
SandRidge Energy Inc. said it plans to continue developing its assets in Colorado, the Mississippian Lime and the Midcontinent after the board determined that multiple offers for a merger or a sale fell short of expectations.
Chesapeake Energy Corp. is exiting Ohio’s Utica Shale, a play it pioneered, in a $2 billion divestiture to Houston-based startup Encino Acquisition Partners (EAP), which has plans to aggressively develop the 900,000 net acres.
Production gathering pipelines and processing plants in Canadian natural gas hot spots changed hands Wednesday, when Enbridge Inc. sold field operations in northern British Columbia (BC) and Alberta for C$4.3 billion ($3.3 billion).
EQT Corp. said Friday that it would sell its formidable 2.5 million net acre position in the Huron formation in Kentucky, Virginia and southern West Virginia for $575 million, parting with an early asset that helped give rise to the nation’s largest natural gas producer before it transitioned to more complex and prolific unconventional operations in the Appalachian Basin.
Dallas-based Pioneer Natural Resources Co. has agreed to sell all of its Raton Basin assets in southeastern Colorado, including natural gas wells and infrastructure, to Evergreen Natural Resources LLC for $79 million. Net production from the assets averaged 84 MMcf/d (14,000 boe/d) in 1Q2018, almost all natural gas. The transaction is expected to close by the end of July. The sale is expected to result in a pre-tax noncash loss of $65-75 million in 2Q2018.