sale

The Alaska Department of Natural Resources (DNR) said there were no bids placed in an oil and gas lease sale for the Cook Inlet and the Alaska Peninsula on Thursday, marking the first time in state history that there were no bidders for the inlet.

Synergy Resources Corp. is adding 33,100 net acres in the heart of the natural gas-rich Wattenberg field of Colorado in separate transactions with Noble Energy Inc. worth $505 million.

Synergy Resources Corp. is adding 33,100 net acres in the heart of the natural gas-rich Wattenberg field of Colorado in separate transactions with Noble Energy Inc. worth $505 million.

Houston-based Gastar Exploration Inc. has become a pure-play Midcontinent producer focused on Oklahoma’s stacked reservoirs after completing the sale of its Appalachian portfolio.

Houston’s Gastar Exploration Inc. expects to have initial flowback within the next two weeks from its second Meramec well in Kingfisher County, OK, which it completed with 34 hydraulic fracture stages.

Calgary, Alberta-based TransCanada Corp. said Thursday it was in discussions with a third party on a “potential transaction” but no agreement has been reached, reacting to reports in financial news media that it is eyeing a deal with Houston-based Columbia Pipeline Group Inc. Some reports on Thursday speculated that talks had hit a standstill.

The U.S. Bureau of Land Management (BLM) office in Reno, NV, held an oil/natural gas lease sale involving more than 50,000 acres in two northern counties on Tuesday, and the market spoke loud and clear above the chanting of protesters from the national “Keep It in the Ground” campaign that wants to end leasing on public and tribal lands.

Gastar Exploration Inc. said Monday that it would sell its Marcellus and Utica shale assets to an affiliate of privately held investment developer Tug Hill Inc. for $80 million and exit the Appalachian Basin in favor of its Midcontinent assets. The company added, however, that it would mostly suspend exploratory drilling there until 2017 on low oil and gas prices.

The U.S. Bureau of Land Management (BLM) in Colorado said Monday that it is seeking public comments on a proposal to offer 18,349 acres in Garfield and Mesa counties in a competitive oil and natural gas lease sale later this year.