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Acquisitions and Divestitures News

Innamincka Petroleum Increases Cooper Interest
Australia >> 1/7/2011 - The Directors of Innamincka Petroleum Limited (INP) advise that the company has accepted an offer from SCGAU Pty Ltd (SCGAU) to acquire an additional 25% interest in PEL103 and PRLs 14, 17 & 18 (PEL10...
Relinquishment of Concession Rights in Block L9/48
Thailand >> 1/7/2011 - Further to our announcement on 3 December 2010, Interra Resources Limited wishes to inform shareholders that it is in the process of relinquishing its concession rights in the onshore petroleum explor...
Sandridge Energy Closes Sale of its Wolfberry Assets
United States >> 1/6/2011 - SandRidge Energy, Inc. announced that it has closed the sale of its Wolfberry assets in the Permian Basin to a private party for cash proceeds of $155 million. The divested properties are producing ap...
Crown Point to Acquire Concession in San Jorge Basin
Argentina >> 1/6/2011 - Crown Point Ventures Ltd. is pleased to announce that it has entered into an agreement in principle to acquire a 100% interest in a 25.57 sq. km exploitation concession in the North San Jorge Basin in...
Cue Completes WA-389-P Farmout to Woodside
Australia >> 1/6/2011 - Cue Energy Resources Limited is pleased to announce that all regulatory approvals have been received for Woodside Burrup Pty Ltd to farm into Cue's WA-389-P permit in the offshore Carnarvon Basin of W...
GE Platforms Acquires SmartSignal Corporation
United States >> 1/6/2011 - GE Intelligent Platforms announced that it has completed the acquisition of SmartSignal, a privately-held, analytics software company based in Lisle, Illinois. SmartSignal specializes in providing Rem...
Petroamerica Acquires Interest in the Llanos Basin
Colombia >> 1/4/2011 - Petroamerica Oil Corp. is pleased to announce that it has signed the definitive agreements with Talisman (Colombia) Oil & Gas Ltd. to acquire participating interests in four exploration blocks in the ...
CB&I Acquires 100% Interest in CDTECH
United States >> 1/3/2011 - CB&I announced that it has acquired Chemical Research and Licensing from CRI/Criterion, a subsidiary of Royal Dutch Shell plc. This acquisition gives CB&I, through its Lummus Technology business secto...
PA Resources Awarded German Offshore Licence
Germany >> 1/3/2011 - PA Resources announces the award of German offshore licence adjacent to its Danish Licence 12/06. Two wells will be drilled on the Danish licence in 2011. ...
Acquisition of 12% Interest in Bullseye Project
Australia >> 12/31/2010 - The board is pleased to advise that Golden Gate Petroleum (GGP) has acquired an additional 12% interest in the Bullseye Project from Eastern Advisors Capital Limited who had originally obtained their ...
Indonesia to Offer 50 Oil-Gas Blocks & 10 CBM in 2011
Indonesia >> 12/31/2010 - Indonesia plans to offer 50 oil and gas blocks as well as 10 coal bed methane blocks in 2011 to investors as the country seeks to boost investment in the sector, The energy ministry in a statement on ...
Constellation Energy Agree to Sell 550-MW Gas Plant
United States >> 12/30/2010 - Constellation Energy announced it has signed an agreement to sell the 550-megawatt Quail Run natural gas plant in west Texas to High Plains Diversified Energy Corporation (HPDEC) for $185.3 million. T...
McMoRan Acquires GOM Shallow Water Shelf Properties
Mexico >> 12/30/2010 - McMoRan Exploration Co. announced the completion of its previously announced acquisition of Plains Exploration & Production Company's shallow water G ) shelf assets and related financings. The transac...
EV Announces Barnett Shale Acquisition from Talon
United States >> 12/30/2010 - EV Energy Partners, L.P. (EVEP) announced it, along with certain institutional partnerships managed by EnerVest, Ltd., closed the previously announced Barnett Shale oil and natural gas property acquis...
Agreement Between Connacher and Hyak Energy ULC
Canada >> 12/29/2010 - Connacher Oil and Gas Limited announced that it has executed a definitive Purchase and Sale Agreement with Hyak Energy ULC, an affiliate of Accelerated Oil Technologies LLC, a private company, whereby...
Hess Completes Acquisition of Bakken Acreage
United States >> 12/29/2010 - Hess Corporation announced that is has completed the acquisition of 167,000 net acres in the Bakken oil shale play in North Dakota from TRZ Energy, LLC for $1,050 million in cash. The acquired propert...
Lundin Completes the Sale of its Salawati Interests
Indonesia >> 12/29/2010 - Lundin Petroleum AB (Lundin Petroleum) is pleased to announce it has completed the sale of its non-operated interests in the Salawati Basin and Island assets, located in the eastern part of Indonesia,...
Magnum Hunter to Acquire Marcellus Shale Properties
United States >> 12/27/2010 - Magnum Hunter Resources Corporation announced that its wholly-owned subsidiary, Triad Hunter, LLC, has executed a definitive agreement to acquire oil and gas properties and leasehold mineral interests...
Legacy Reserves Closes Oil & Gas Property Purchases
United States >> 12/27/2010 - Legacy Reserves LP (Legacy) announced that on December 22, 2010, it closed the previously announced acquisition of Permian Basin oil and natural gas properties from Concho Resources Inc. The purchase ...
Sale of Fayetteville Shale Interests for $650 Million
United States >> 12/23/2010 - Petrohawk Energy Corporation (Petrohawk) announced that it has completed the sale of its natural gas assets in the Fayetteville Shale, located primarily in Cleburne and Van Buren Counties, Arkansas, t...

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