Undisclosed

Newfield Exploration Co. recently raised its 2011 capital budget to $1.9 billion from $1.7 billion set at the beginning of the year. The increase largely relates to leasing in “an undisclosed resource play,” said CEO Lee Boothby during a conference call with financial analysts.

Newfield Exploration Co. Thursday raised its 2011 capital budget to $1.9 billion from $1.7 billion set at the beginning of the year. The increase largely relates to leasing in “an undisclosed resource play,” said CEO Lee Boothby during a conference call with financial analysts.

Newfield Exploration Co. Thursday raised its 2011 capital budget to $1.9 billion from $1.7 billion set at the beginning of the year. The increase largely relates to leasing in “an undisclosed resource play,” said CEO Lee Boothby during a conference call with financial analysts.

Chesapeake Energy Corp. on Thursday completed the sale of its Fayetteville Shale properties to a subsidiary of Australia’s BHP Billiton Ltd.

Denbury Resources Inc. is selling its Haynesville and East Texas natural gas assets for $217.5 million to an undisclosed private oil and gas company. The sale is expected to close within 45 days with an effective date of Sept. 1, 2010.

SandRidge Energy Inc. has signed a letter of intent with an undisclosed independent producer to sell some of its deep acreage rights in the natural gas-rich Cana Shale in Oklahoma for $140 million in cash.

SandRidge Energy Inc. has signed a letter of intent with an undisclosed independent producer to sell some of its deep acreage rights in the natural gas-rich Cana Shale in Oklahoma for $140 million in cash. The Oklahoma City-based producer would retain the shallow drilling rights; it said has no associated proved reserves or current production from the deep rights to be sold. Proceeds from the sale, to be completed before the end of September, would be used to pay down existing debt. The transaction is not expected to affect a pending merger with Arena Resources Inc. (see NGI, April 12).

Suncor Energy has agreed to sell some natural gas properties in Alberta to an undisclosed buyer for about C$235 million. The properties, known as Rosevear and Pine Creek, are in the Edson/Whitecourt area west of Edmonton, AB. Current production is 20.5 MMcf/d of natural gas and 540 b/d of liquids. The sale has an effective date of Jan. 1, 2010 and is expected to close in April. Still to be sold are some gas properties in Western Canada and the U.S. Rockies, all Trinidad and Tobago assets, and some noncore North Sea assets,which includes assets in The Netherlands. Suncor, which is focusing mostly on its oilsands production in Canada, said it has reached agreement to sell assets worth about C$1.54 billion.

Suncor Energy has agreed to sell some natural gas properties in Alberta to an undisclosed buyer for about C$235 million. The properties, known as Rosevear and Pine Creek, are in the Edson/Whitecourt area west of Edmonton, AB. Current production is 20.5 MMcf/d of natural gas and 540 b/d of liquids. The sale has an effective date of Jan. 1, 2010 and is expected to close in April. Still to be sold are some gas properties in Western Canada and the U.S. Rockies, all Trinidad and Tobago assets, and some noncore North Sea assets,which includes assets in The Netherlands. Suncor, which is focusing mostly on its oilsands production in Canada, said it has reached agreement to sell assets worth about C$1.54 billion.