Acquisitions and Divestitures News in United States

Delta International Signs Acquisition of Polk County Oil Property
9/19/2017 - Delta International Oil & Gas, Inc. (Delta) has signed an asset purchase agreement for the acquisition of an oil property in Polk County, Texas from Crestmont Operating, LLC. Under the terms of the de...
Sabinal Energy, LLC Acquires Central Basin Platform
9/12/2017 - Sabinal Energy, LLC (Sabinal) and the Kayne Private Energy Income Fund, L.P. (Kayne or the “Fund”) announced the closing of the purchase of certain producing oil and natural gas assets owned by Chevro...
Mosman Oil & Gas Acquires Welch Permian Basin Project
9/11/2017 - Mosman Oil and Gas Limited, the oil exploration, development and production company, has executed a contract to acquire several oil and gas leases that comprise the Welch Permian Basin Project ("Welch...
Whiting Petroleum Sells Fort Berthold Area Assets for $500m
8/15/2017 - Whiting Petroleum Corporation has an agreement to sell its Fort Berthold Indian Reservation area assets located in Dunn and McLean Counties, North Dakota to RimRock Oil & Gas Williston, LLC. The cash ...
RigNet Completes Asset Acquisition of ESS
7/31/2017 - RigNet, Inc. has completed the acquisition of substantially all assets of Energy Satellite Services (ESS) in a cash transaction valued at US$22.2 million. Based in Midland, Texas, ESS is a supplier of...
ConocoPhillips Sells San Juan Basin Assets for $3.0 Billion
7/31/2017 - ConocoPhillips completed its previously announced transaction with an affiliate of Hilcorp Energy Company to sell its San Juan Basin assets for up to $3.0 billion of total consideration, comprised of ...
RigNet Acquires All the Assets of Data Technology Solutions
7/24/2017 - RigNet, Inc. has acquired substantially all of the assets of Data Technology Solutions (DTS), a private Louisiana based company that provides comprehensive communications and IT services to the onshor...
Magnolia Petroleum Divests North Dakota & Oklahoma Wells
7/21/2017 - Magnolia Petroleum Plc, the AIM quoted US focused oil and gas exploration and production company, is pleased to announce the divestment of 19 new wells in North Dakota and Oklahoma via two separate tr...
Krewe Energy Acquires Timbalier Bay Field
7/12/2017 - Krewe Energy, LLC, (Krewe Energy), a privately held oil and gas exploration and production company based in Covington, Louisiana, recently completed the acquisition of the Timbalier Bay Field located ...
Cobalt International Enters into Agreement to Expand Anchor Unit
7/12/2017 - Cobalt International Energy, Inc. (Cobalt) has entered into a definitive agreement with its co-owners in the Anchor development to unitize and include Cobalt’s two leases immediately south of the curr...
Otto Energy Farms in to South Timbalier 244 Lease
7/3/2017 - Otto Energy Limited (Otto) has farmed into the South Timbalier 224 (ST 224) lease in the Gulf of Mexico shelf, for a 25% working interest. ST 224 contains a large, amplitude supported, high CGR, gas c...
Diversified Gas & Oil Completes Acquisition of Gas & Oil Assets of Titan Energy
6/30/2017 - Diversified Gas & Oil PLC, the US based gas and oil producer, has completed the acquisition of $72.8 million of assets from the total $84.2 million of assets that comprise the Acquisition of certain g...
ConocoPhillips to Sell Barnett Shale Assets for US$305m
6/29/2017 - ConocoPhillips has entered into a definitive agreement to sell its interests in the Barnett to an affiliate of Miller Thomson & Partners LLC for $305 million plus net customary adjustments. Proceeds f...
Subsea 7 Acquires Certain Businesses of EMAS Chiyoda Subsea
6/29/2017 - Subsea 7 S.A. announced the acquisition of certain businesses of EMAS Chiyoda Subsea (ECS). The acquisition, under a US bankruptcy code Chapter 11 Plan of Reorganisation, was confirmed by the U.S. Ban...
Carrizo Oil & Gas Acquires Delaware Basin for $648 Million
6/28/2017 - Carrizo Oil & Gas, Inc. has agreed to acquire Delaware Basin properties from ExL Petroleum Management, LLC (ExL), a portfolio company of Quantum Energy Partners, for $648 million in cash, subject to c...
BOEM Completes Tract Evaluation
6/27/2017 - The Bureau of Ocean Energy Management (BOEM) completed its required evaluation to ensure the public receives fair market value for tracts leased in Central Gulf of Mexico Oil and Gas Lease Sale 247, h...
OTTO to Acquire 50% Interest in New Gulf of Mexico Lease
6/22/2017 - Otto Energy Limited (Otto) (OEL) is pleased to report that it has elected pursuant to the Participation Agreement between its wholly owned subsidiary, Otto Energy (Louisiana) LLC, and a wholly owned s...
Occidental Monetises Non-Strategic Permian Resources Acreage
6/19/2017 - Occidental Petroleum Corporation has agreed to a number of purchase and sale transactions in the Permian Basin. On a combined basis, these transactions require no net cash outlay and add approximately...
Encana to Sell its Piceance Natural Gas Assets for $735 Million
6/9/2017 - Encana Corporation (Encana) announced that its wholly-owned subsidiary, Encana Oil & Gas (USA) Inc., has reached an agreement to sell its Piceance natural gas assets, located in northwestern Colorado,...
LINN Energy to Sell Salt Creek for $71.5 Million
5/30/2017 - LINN Energy, Inc. (LINN) has signed a definitive agreement to sell its interest in properties located in the Salt Creek Field in Wyoming to Denbury Resources Inc. for a contract price of $71.5 million...

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