Ventures

SM Energy Co. and Mitsui & Co. Ltd. unit Mitsui E&P Texas LP have closed their acquisition and development agreement (ADA), giving Mitsui E&P a 12.5% working interest in SM Energy’s nonoperated Eagle Ford Shale acreage.

Nexen Inc. last week secured two joint ventures (JV) in two separate transactions, both with Asian companies, that promise to give the Calgary-based independent a solid footing to expand development in the Gulf of Mexico (GOM) as well as British Columbia (BC).

The U.S. arm of French heavyweight Total SA expects to add North American unconventional properties to its portfolio either through joint ventures (JV) or by itself, a top executive said last week.

Total SA wants to cook up some new deals in the U.S. shale patch, either through more joint ventures (JV) or on its own, a top executive said Wednesday.

The U.S. arm of French heavyweight Total SA expects to add North American unconventional properties to its portfolio either through joint ventures (JV) or by itself, a top executive said Wednesday.

Chesapeake Energy Corp. last week announced a $1 billion venture capital fund — Chesapeake NG Ventures Corp. (CNGV) — to invest in companies and technologies to enable replacement of gasoline and diesel fuel with natural gas and gas-to-liquids (GTL) fuels.

Chesapeake Energy Corp. Monday announced a $1 billion venture capital fund — Chesapeake NG Ventures Corp. (CNGV) — to invest in companies and technologies to enable replacement of gasoline and diesel fuel with natural gas and gas-to-liquids (GTL) fuels.

Cabot Oil & Gas Corp. saw profits shrink but production rise in the first quarter compared to the year-ago period, the result of low natural gas prices combined with expansion of operations in the Marcellus and Eagle Ford shales.

Alta Energy Partners, a newly formed joint venture of privately held Alta Resources LLC and an affiliate of The Blackstone Group, launched plans Tuesday to invest up to $1 billion in unconventional natural gas and oil properties in North America.