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Unit Stepping Up Onshore Drilling by Selling Half-Stake in Superior Pipeline

To accelerate upstream development by its U.S. onshore exploration business, Tulsa-based Unit Corp. agreed Thursday to sell a half-stake in natural gas processing subsidiary Superior Pipeline Co. LLC for $300 million.

March 29, 2018

Brief — Marubeni Eagle Ford Sale

Japan’s Marubeni Corp. said it has sold some of its stakes in Eagle Ford Shale assets to two undisclosed oil and gas developers. Financial details also were not provided. The sale is part of a plan to strengthen the bottom line, it said. Marubeni in 2012 acquired a 35% interest in Hunt Oil Co.’s South Texas portfolio, which gave it 52,000 net acres. The producers agreed at the time to acquire more acreage in the Eagle Ford. Marubeni also has acreage in the Denver-Julesburg Basin, and it works in the U.S. Gulf of Mexico.

March 26, 2018

Brief — Rex Energy Sale

Rex Energy Corp.has agreed to sell nonoperated assets in Westmoreland, Centre and Clearfield counties, PA, to privately owned XPR Resources LLC for $17.2 million. The sale is expected to close by the end of March. Included are 61 gross wells producing 8.2 MMcf/d. Rex began divesting noncore assets in 2015 to boost liquidity. The company disclosed in a regulatory filing in February that is exploring financial alternatives to strengthen its balance sheet, including the possibility of filing for bankruptcy.

March 15, 2018
Schlumberger, Torxen Grab Cenovus Properties in Alberta for $1.3B

Schlumberger, Torxen Grab Cenovus Properties in Alberta for $1.3B

Calgary-based Cenovus Energy Inc. is selling its natural gas-weighted Palliser properties in southeastern Alberta for $1.3 billion to a joint venture between privately held Canadian producer Torxen Energy and Schlumberger Ltd.

October 19, 2017
Resolute Sells Aneth Field in Utah to Focus on Permian

Resolute Sells Aneth Field in Utah to Focus on Permian

Resolute Energy Corp., which has turned its operational focus to the Permian Basin, has agreed to take up to $195 million for a package of Paradox Basin prospects in the Aneth field of southeastern Utah.

September 15, 2017

FERC Waiver to Help Facilitate NJR’s Purchase of Talen Energy’s Natgas Trading Portfolio

FERC has agreed to waive capacity release regulations and related tariff provisions to help facilitate the sale of Talen Energy Marketing LLC’s retail and wholesale natural gas trading business to an affiliate of NJR Energy Services Co.

August 29, 2017
Lower Tertiary Draws Most Prospectors in GOM-Wide Lease Sale

Lower Tertiary Draws Most Prospectors in GOM-Wide Lease Sale

In the first lease sale covering the entire Gulf of Mexico (GOM) since 1983, the Lower Tertiary Trend, an intriguing deepwater play that has yielded big-time discoveries, captured most of the attention.

August 17, 2017

Investors Embrace ETP’s $1.57B Rover Deal, But Project Still Under Scrutiny

Energy Transfer Partners LP’s (ETP) plans to sell a 32.44% stake in its Rover Pipeline to private equity for $1.57 billion met with generally positive reactions from investors Tuesday, but the project still faces uncertainty amid scrutiny from regulators and from Congress.

August 2, 2017

BOEM Awards 153 Tracts, Rejects 10 Bids from GOM Lease Sale in March

The Interior Department’s Bureau of Ocean Energy Management (BOEM) this week awarded 153 tracts to companies that bid in March to explore for oil and natural gas in the Gulf of Mexico (GOM), but 10 high bids were rejected.

June 28, 2017

Sanchez Selling One Eagle Ford Package to Fund Western Part of Play

Sanchez Energy Corp. has sold one piece of its Eagle Ford Shale portfolio to concentrate more funding in the western part of the formation, the Houston-based independent said Friday.

June 16, 2017
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