Acquisitions and Divestitures News in United States

CB&I Acquires 100% Interest in CDTECH
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...
EV Announces Barnett Shale Acquisition from Talon
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...
Constellation Energy Agree to Sell 550-MW Gas Plant
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...
Hess Completes Acquisition of Bakken Acreage
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...
Magnum Hunter to Acquire Marcellus Shale Properties
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
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
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...
Sale Agreement Between Melrose Resources and Quantum
12/23/2010 - Melrose Resources plc, the oil and gas exploration, development and production company, announces that it has completed the sale of the Company's assets in the Permian Basin in the USA to Quantum Reso...
EOG Resources and Newfield Terminate Marcellus Deal
12/22/2010 - EOG Resources, Inc. (EOG) and Newfield Exploration Company, under the terms provided for in the purchase and sale agreement, have mutually agreed to terminate the agreement announced November 15, 2010...
Disposal of Three Gulf of Mexico Properties
12/22/2010 - Gulfsands Petroleum plc, the oil and gas production, exploration and development company with activities in Syria, Iraq, Tunisia, Italy and the U.S.A., is pleased to announce the sale of three propert...
EXCO Resources Acquires Marcellus Shale Properties
12/21/2010 - EXCO Resources, Inc. announced the acquisition of properties prospective for the Marcellus shale from Chief Oil & Gas LLC and related parties for approximately $459.4 million, after preliminary purcha...
Completion of Marcellus Shale Leasehold’s Acquisition
12/20/2010 - Gastar Exploration Ltd. announced that the Company has completed the previously announced Marcellus property acquisition for $29.1 million. The acquisition consists of approximately 62,000 net acres o...
Energy XXI Closes Acquisition of GoM Shelf Properties
12/17/2010 - Energy XXI announced it has completed the previously announced purchase of certain shallow-water Gulf of Mexico shelf oil and natural gas interests from ExxonMobil and its affiliates. ...
Target Energy to Earn 50% Interest in Buffalo Project
12/13/2010 - US?focussed oil and gas exploration and production company, Target Energy Limited, is pleased to advise that it has entered into an agreement to earn up to a 50% working interest and operatorship of p...
Shell to Sell Gas Fields in South Texas
12/10/2010 - Shell announced an agreement to sell a group of gas fields in South Texas to OXY USA, Inc., a subsidiary of Occidental Petroleum Corp., for approximately $1.8 billion, effective January 1, 2011. The s...
RAM Energy Closes North Texas Gas Asset Sale
12/9/2010 - RAM Energy Resources, Inc. announced it has closed a purchase and sale agreement effecting the strategic divestiture of the company's North Texas Barnett Shale and Boonsville properties to Milagro Pro...
Energen Acquires Bone Spring Acreage in Permian Basin
12/9/2010 - Energen Corporation announced that its oil and gas exploration and production company, Energen Resources Corporation, has purchased 40,000 acres in the Permian Basin from SandRidge Energy Inc. for $11...
EOG Resources Considering Joint Venture Deals in 2011
12/8/2010 - EOG Resources Inc would consider taking a joint venture partner for some of its shale gas acreage should the exploration company's plans to sell as much as $1.5 billion in natural gas assets in 2011 n...
Proper Power Receives Proposal for New Acquisition
12/8/2010 - Proper Power & Energy, Inc. announced that it will issue a letter of intent to proceed with the acquisition of additional oil and gas leases in Kentucky. The Company has received an extensive written ...
W&T Offshore Update Acquisition of Offshore Fields
12/7/2010 - W&T Offshore, Inc.announced that Shell Offshore Inc. has informed W&T that BP Exploration & Production Inc., the operator of the Gulf of Mexico deepwater blocks Viosca Knoll 871 & 915, known as the Ma...

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