Worth

NFR Makes Buys in Anadarko, Eagle Ford

NFR Energy LLC has closed two private deals worth a combined $736 million to acquire assets in the Anadarko Basin and Eagle Ford Shale. The company also announced that First Reserve Corp. has increased its interest in the parent company, NFR Holdings LLC, to 99.7% and NFR is to be renamed Sabine Oil & Gas LLC.

December 24, 2012
NFR Acquires Anadarko Basin, Eagle Ford Assets, New Name

NFR Acquires Anadarko Basin, Eagle Ford Assets, New Name

NFR Energy LLC has closed two private deals worth a combined $736 million to acquire assets in the Anadarko Basin and Eagle Ford Shale. The company also announced that First Reserve Corp. has increased its interest in the parent company, NFR Holdings LLC, to 99.7% and NFR is to be renamed Sabine Oil & Gas LLC.

December 19, 2012

No Shining Knight Yet for Quicksilver

During an earnings conference call last week, analysts peppered the management of Fort Worth, TX-based Quicksilver Resources Inc. with questions about efforts to establish a joint venture (JV) in the Horn River Basin and take a partner in the Barnett Shale, but executives were tight-lipped, not wanting to disclose details of talks.

November 12, 2012

Quicksilver Horn River, Barnett Deals Yet? Wait for It…

During an earnings conference call Tuesday, analysts peppered the management of Fort Worth, TX-based Quicksilver Resources Inc. with questions about efforts to establish a joint venture (JV) in the Horn River Basin and take a partner in the Barnett Shale, but executives were tight-lipped, not wanting to disclose details of talks.

November 7, 2012
Australia’s Amadeus Acquiring Eagle Ford-Focused Lonestar Resources

Australia’s Amadeus Acquiring Eagle Ford-Focused Lonestar Resources

Australia’s Amadeus Energy Ltd. plans to acquire Fort Worth, TX-based Lonestar Resources Inc. — a player in the Eagle Ford, Bakken and Barnett shales — via the purchase of Lonestar’s holding company, Ecofin Energy Resources Plc of the United Kingdom.

October 23, 2012
Marcellus Is Biggest Fish in a 1.1 Qcfe U.S. Shale Gas Pond

Marcellus Is Biggest Fish in a 1.1 Qcfe U.S. Shale Gas Pond

Lower 48 onshore oil and gas reserves are a huge energy pond, about 1.1 Qcfe worth, and the Marcellus Shale is its biggest fish. According to new research from Calgary-based ITG Investment Research, “the Marcellus dwarfs any other resource at 330 Tcfe, followed by the Eagle Ford and Bakken [shales] at 152 Tcfe (25 billion boe) and 72 Tcfe (12 billion boe), respectively.

October 9, 2012

Forest Oil Makes Interim Chief Permanent

Denver-based Forest Oil Corp. Wednesday said it would make interim CEO Patrick R. McDonald the company’s permanent chief, prompting speculation by one analyst that “all strategic options remain on the table for the company.”

September 13, 2012

Western Australia Mandating Well Chemicals Disclosure

The government of Western Australia said Wednesday it will introduce regulations to mandate public disclosure of “any chemicals introduced into a well or formation” although tight and shale gas development in the region is seen as “a number of years away.”

August 31, 2012

Quicksilver: Longer Laterals, Larger Fracks Slated for Bone Spring

Fort Worth, TX-based Quicksilver Resources Inc. provided an operational update on its recently completed well in the Delaware Basin in West Texas and the completion of an eight-well pad in the Horn River Basin in British Columbia (BC).

August 29, 2012

NOV Shopping Spree Continues with $2.5B Deal

National Oilwell Varco Inc. (NOV), which this year has completed six acquisitions worth $2 billion, last week continued its shopping spree with a $2.5 billion cash offer for Texas operator Robbins & Myers (R&M). The deal would mark NOV’s biggest single acquisition since 2008, when it paid $7.7 billion to buy Grant Prideco.

August 13, 2012