Gastar Exploration Ltd. is selling about 76,000 net acres in Kingfisher and Canadian counties in Oklahoma for $62 million and also agreed to swap acreage with the undisclosed buyer so that both might concentrate their positions, the company said Tuesday.
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Southwestern Nearly Doubles Marcellus Potential in Chesapeake Deal
Southwestern Energy Co., which has proved time and again that making money is possible in some of the onshore natural gas plays, on Monday cut a bargain deal that will nearly double its gassy acreage position in the Marcellus Shale of Pennsylvania.
Chesapeake Attempts to Pare Short-Term Debt
Stung by low natural gas prices and the slower-than-anticipated turnaround to more lucrative liquids targets, Chesapeake Energy Corp. is selling $2.3 billion in senior notes in three separate series due in 2016, 2021 and 2023 to pare more expensive debt that matures this year.
Chesapeake Sells Big Stake in Clean Energy Fuels
Chesapeake Energy Corp. is selling most of its stake in Clean Energy Fuels Corp., the liquefied natural gas (LNG) transportation infrastructure company in which it invested in 2011.
Devon Energy Selling TMS, Utica Assets
Devon Energy Corp. is selling its assets in the Tuscaloosa Marine Shale (TMS) and the Utica Shale, in an effort to raise new venture capital and focus on opportunities in the Permian Basin, Mississippian Lime and the Niobrara formation.
Devon Energy Selling Utica Shale Assets in Eastern Ohio
Devon Energy Corp. is selling its assets in the Utica Shale in eastern Ohio, part of a strategy to raise new venture capital so it can focus on opportunities in the Permian Basin, Mississippian Lime and the Niobrara formation.
Devon Energy Selling Some TMS Acreage
Devon Energy Corp. is selling Tuscaloosa Marine Shale (TMS) assets in Louisiana and Mississippi, offering about 297,000 net acres (nearly 95% undeveloped) within the unconventional oil play, and production of about 600 b/d, according to the offering by Scotia Waterous (USA) Inc.
Penn Virginia Grows Proved Oil, NGL Reserves
Six months after selling its Appalachian Basin portfolio to focus on the oily Eagle Ford Shale, Penn Virginia Corp. (PVA) said its operations in the latter were moving forward while proved reserves of oil and natural gas liquids (NGL) had increased during 2012.
Denbury Buys ConocoPhillips’ Cedar Creek Anticline Portfolio
ConocoPhillips is selling a package of properties in the Cedar Creek Anticline (CCA) of North Dakota and Montana to Denbury Resources Inc. for $1.05 billion cash.
QEP Seeking Cash Infusion With New Midstream MLP
QEP Resources Inc. plans to form a master limited partnership (MLP) to support the growth of its midstream business and expects to raise $300-400 million in gross proceeds by selling a minority interest in the MLP, the Denver-based exploration and production (E&P) company said.