In two days’ time Hess Corp. has acquired stakes in almost 185,000 net acres in the Ohio portion of the Utica Shale, the latest deal adding 85,000 more acres to its prospective leasehold.
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Japan’s JGC Enters Eagle Ford with 10% Stake
Houston-based JGC Energy Development (USA) Inc. (JEDI), a unit of Yokohama, Japan-based engineering firm JGC Corp. (JGC), has agreed to acquire a stake in Eagle Ford Shale oil assets from TriTech LLC, the company said.
Range Drops Barnett for Better Marcellus Returns
Fort Worth, TX-based Range Resources Corp. is pulling up stakes in the Barnett Shale of North Texas and redeploying its efforts and capital in the Appalachian Basin’s higher-return Marcellus Shale.
Range Packing Up in Barnett, Heading for Marcellus
Fort Worth-based Range Resources Corp. is pulling up stakes in the Barnett Shale of North Texas and redeploying its efforts and capital in the Appalachian Basin’s higher-return Marcellus Shale, the company said.
Occidental Bets on U.S. Shale, Sells Argentina Assets
Occidental Petroleum Corp. Friday said it is building its stakes in the Eagle Ford and Bakken shales in two transactions valued at about $3.2 billion.
W&T to Pay $500M for Stakes in Six Gassy Offshore Assets
W&T Offshore Inc. said Thursday it is acquiring stakes in six offshore producing fields in the Gulf of Mexico (GOM) from Shell Offshore Inc. for an estimated $450 million in cash and $50 million in debt.
W&T to Pay $500M for Stakes in Six Gassy Offshore Assets
W&T Offshore Inc. said Thursday it is acquiring stakes in six offshore producing fields in the Gulf of Mexico (GOM) from Shell Offshore Inc. for an estimated $450 million in cash and $50 million in debt.
W&T Offshore Buys Stakes in Producing GOM Fields
W&T Offshore Inc. on Thursday said it has made good on its plan to pursue acquisitions this year by grabbing stakes in three offshore properties in the Gulf of Mexico (GOM) from the U.S. subsidiary of Total SA. The purchase price was not disclosed.
W&T Offshore Buys Stakes in Producing GOM Fields
W&T Offshore Inc. on Thursday said it has made good on its plan to pursue acquisitions this year by grabbing stakes in three offshore properties in the Gulf of Mexico (GOM) from the U.S. subsidiary of Total SA. The purchase price was not disclosed.
MGM Gains Stake in Mackenzie Gas with EnCana Purchase
MGM Energy Corp. pressed forward on its goal to tap the Mackenzie Valley’s natural gas resources following an agreement with EnCana Corp. to buy its stakes in the Umiak discovery and other Northwest Territories assets for C$170 million (US$154 million). The Umiak discovery is 15 kilometers (9.3 miles) from Imperial Oil’s Taglu field, one of the anchor fields for the proposed Mackenzie Gas Project.