Talisman

Texas Jury Says Talisman Committed Fraud in Eagle Ford, Awards $100M

A jury in South Texas has awarded nearly $100 million in damages to a small Houston-based energy company, after ruling that the former Talisman Energy Inc. violated a joint operating agreement (JOA) with the company and committed accounting fraud.

September 26, 2017

Whiting Selling Bakken Properties to RimRock for $500M

Whiting Petroleum Corp. has agreed to sell mostly nonoperated Bakken Shale assets to a subsidiary of upstart producer RimRock Oil and Gas Inc. for $500 million.

August 15, 2017

Eagle Ford Royalty Owners Claim Talisman Manipulated Production Volumes

Talisman Energy USA Inc. is being sued by oil and natural gas royalty owners with interests in the Eagle Ford Shale for allegedly manipulating production volumes by as much as 20-30%.

October 10, 2016
Talisman Takeover Gives Repsol Big North American Footprint

Talisman Takeover Gives Repsol Big North American Footprint

Spain’s Repsol SA, which has been prowling for assets for the past three years to boost its flagging oil and gas reserves, on Tuesday agreed to buy Calgary’s Talisman Energy Inc., boosting output by 76% and establishing the operator as one of the top 15 producers in the world.

December 16, 2014
Repsol Clinches $13B Cash, Debt Deal For Calgary’s Talisman

Repsol Clinches $13B Cash, Debt Deal For Calgary’s Talisman

Repsol SA is buying Talisman Energy Inc. for $8.3 billion — $13 billion including debt — handing the Spanish-based operator a global portfolio that includes substantial North American unconventional targets in Canada, as well as the Eagle Ford and Marcellus shales.

December 16, 2014

Talisman Suitors Considering Merger Offers

Calgary-based Talisman Energy Inc. confirmed Monday that it was in talks with Spain’s Repsol SA regarding a potential corporate merger. Another potential suitor also confirmed that it was considering a bid, which could be for more than $5 billion, sources said.

December 15, 2014

Talisman Targets $2B More in Asset Sales, Cuts Spending to Revamp Operations

Talisman Energy Inc., one of the biggest natural gas operators in North America, plans to focus capital this year on liquids plays after recording a $1 billion loss in 4Q2013 on cost-intensive operations. More than $2 billion in assets were sold in 2013, and $2 billion more are to be marketed over the next 12-18 months.

February 12, 2014

People

Talisman Energy Inc.has appointed Icahn Capital LP managing directors Samuel Merksamer and Jonathan Christodoro to its board, two months after shareholder activist Carl Icahn bought close to 6% of the stock (see Daily GPI, Oct. 9). Related to the appointments, Talisman said some standstill restrictions would remain in effect until the 2014 annual meeting or when the Icahn nominees are no longer on the board. One of the new directors is to sit on the CEO succession committee; interim chief Hal Kvisle plans to step down (seeDaily GPI, Nov. 8). In addition, Icahn has agreed to vote the shares he controls in support of Talisman’s slate of director nominees at the annual meeting.

December 2, 2013

Poland’s Latest Shale Gas Numbers a Fraction of EIA Estimates

Poland’s technically recoverable shale gas resources are much lower than projections made last year by the U.S. Energy Information Administration (EIA), according to a report issued Wednesday.

March 26, 2012

Pennsylvania Marcellus Permits Pass 2000 Mark

The Pennsylvania Department of Environmental Protection (DEP) issued 277 permits for Marcellus Shale drilling and operators reported drilling 226 wells into the play in August, according to recently released figures.

September 20, 2011
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