Tag / sale



Williams Sells Some Gulf Coast Pipelines for $177M

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.

December 6, 2018

Brief — New Mexico Lease 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 All but one tract was sold, with one tract receiving no bids and a second tract withdrawn.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.

December 3, 2018
QEP Selling Williston Assets for $1.7B as Permian Takes Priority

QEP Selling Williston Assets for $1.7B as Permian Takes Priority

QEP Resources Inc. has secured a deal to sell its Montana and North Dakota assets in the Williston Basin to Vantage Energy Acquisition Corp.

November 7, 2018

Dominion Selling Three Power Plants, Considering Blue Racer Sale

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.

September 26, 2018

SandRidge Rejects Offers, Chooses to Develop Assets Instead

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.

September 12, 2018
Utica Pioneer Chesapeake Takes a Bow, Exits in $2B Sale

Utica Pioneer Chesapeake Takes a Bow, Exits in $2B Sale

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.

July 27, 2018

Gastar Considering Sale, Restructuring

Houston-based Gastar Exploration Inc. said in a regulatory filing on Monday it has hired advisers to explore strategic alternatives, including the possibility of selling the company or restructuring the balance sheet.

July 24, 2018

Enbridge Selling BC, Alberta Natural Gas Midstream Operations for $3.3B

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).

July 5, 2018

EQT Selling Diversified Gas Legacy Huron Assets for $575M

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.

June 29, 2018

Briefs — Pioneer Natural

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.

June 14, 2018