Acquisitions and Divestitures News in United States

Diamondback Acquires Southern Delaware Basin Assets for $560m
7/13/2016 - Diamondback Energy, Inc. (Diamondback) has entered into a definitive purchase agreement with an unrelated third party seller to acquire leasehold interests and related assets in the Southern Delaware...
Statoil Completes Divestment of Marcellus Assets in West Virginia
7/11/2016 - Statoil and EQT Corporation completed their previously announced transaction, whereby Statoil has sold its non-core operated assets in the US state of West Virginia to EQT Corporation. The transaction...
Energen Completes Sale of Delaware & San Juan Basin Assets
6/20/2016 - Energen Corporation has closed or signed purchase and sale agreements (PSAs) for its non-core Delaware Basin and San Juan Basin assets. Including all sales transactions with multiple, undisclosed buye...
Rex Energy to Sell Illinois Basin Assets
6/14/2016 - Rex Energy Corporation (Rex Energy) entered into a purchase and sale agreement with Campbell Development Group, LLC (Campbell) pursuant to which Campbell will acquire the company's Illinois Basin asse...
EnerGulf Acquires Interests in Six Gulf of Mexico Prospects
6/9/2016 - EnerGulf Resources Inc. (EnerGulf) is pleased to announce a signed Letter of Intent to acquire certain interests in offshore Gulf of Mexico oil and gas prospects, as well as provide a Company update. ...
Devon to Monetize nearly $1 Billion of Upstream Assets
6/6/2016 - Devon Energy Corp. has entered into definitive agreements with undisclosed parties to monetize nearly $1 billion of non-core upstream assets in east Texas, the Anadarko Basin and an overriding royalty...
Entek Energy Exits Gulf of Mexico
5/9/2016 - Entek Energy Limited has entered into an agreement with Peregrine Oil & Gas, LP to sell the Company’s entire Gulf of Mexico portfolio. These interests comprise Entek’s respective 38% and 25% interests...
Newfield to Acquire Additional Acres in Anadarko Basin for $470m
5/5/2016 - Newfield Exploration Company signed a definitive purchase and sale agreement with a subsidiary of Chesapeake Energy Corporation to acquire approximately 42,000 net acres in the Anadarko Basin STACK pl...
Statoil Divests Assets in the Marcellus
5/2/2016 - Statoil has agreed to divest its operated properties in the US state of West Virginia to EQT Corporation for USD 407 million in cash. This divestment of non-core assets comprises approximately 62,500 ...
Devon Energy to Sell its Non-Core Mississippian Assets
4/20/2016 - Devon Energy Corp. has entered into a definitive agreement to sell its non-core Mississippian assets in northern Oklahoma to White Star Petroleum, LLC for $200 million. The transaction is subject to c...
Marathon Oil to Divest $950m of Non-Core Assets
4/11/2016 - Marathon Oil Corporation has signed agreements for the sale of certain non-core assets for $950 million, bringing the total to approximately $1.3 billion since last year. ...
GoM Lease Sale Yields $156m in High Bids on 693,962 Acres
3/23/2016 - As part of the Obama Administration's continued commitment to safe and responsible domestic energy production, Department of the Interior Assistant Secretary for Land and Minerals Management Janice Sc...
FourPoint to Acquire Chesapeake's Assets for $385 Million
2/24/2016 - FourPoint Energy, LLC announced the signing of a definitive agreement to acquire all of Chesapeake Energy's remaining Western Anadarko Basin oil and gas assets for a purchase price of $385 million. Th...
Anadarko to Monetize Approximately $1.3 Billion of Assets
2/24/2016 - Anadarko Petroleum Corporation has closed or signed agreements to monetize approximately $1.3 billion of assets since the beginning of the year. The monetizations include the forward sale of future ro...
Honeywell Acquires Remaining 30% Interest In UOP Russell LLC
1/6/2016 - Honeywell (HON) announced that it has acquired the remaining 30 percent stake in UOP Russell LLC, which develops technology and manufactures modular equipment to process natural gas, for approximately...
BP Agrees to Sale of Alabama Petrochemical Complex
1/6/2016 - BP has agreed to sell its petrochemical complex in Decatur, Alabama, to Indorama Ventures Public Company Limited, as part of a previously announced effort to refocus its global petrochemicals business...
Byron Secures Multi-Well Farm Out Deal with Otto on GOM Properties
12/11/2015 - Byron Energy Limited through its wholly owned subsidiary, Byron Energy Inc has entered into a binding participation agreement (PA) with Otto Energy (Louisiana) LLC, a wholly owned subsidiary of Otto E...
Encana Completes Sale of its Haynesville Natural Gas Assets
11/12/2015 - Encana Corporation through its wholly-owned subsidiary, Encana Oil & Gas (USA) Inc., has completed the previously announced sale of its Haynesville natural gas assets, located in northern Louisiana, t...
Marathon Oil Signs Agreement for Divestiture of GOM Assets
11/9/2015 - Marathon Oil Corporation has signed an agreement for the sale of its operated producing properties in the greater Ewing Bank area and non-operated producing interests in the Petronius and Neptune fiel...
Schlumberger Provides Update on Eurasia Drilling Transaction
9/24/2015 - Schlumberger Limited (SLB) announced that it does not intend to extend the pending agreement to acquire a minority equity interest in Eurasia Drilling Company Limited, once the current extension expir...

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