November 27, 2017 – Oil & Gas 360

Total (ticker: TOT) announced two significant developments today, selling Norwegian assets and bringing a Brazilian field online. Total will sell its interests in the Martin Linge field and the Garantiana discovery to Statoil for a total of $1.45 billion. Total currently owns 51% of Martin Linge and 40% of Garantiana. Both assets are not yet in production, but Martin Linge

SandRidge Creates “Poison Pill” to Fight Icahn

November 27, 2017

Rights plan prevents acquiring large stake in company SandRidge Energy (ticker: SD) may be facing an uphill struggle in its acquisition of Bonanza Creek Energy (ticker: BCEI), based on recent filings. SandRidge announced the adoption of a short-term shareholder rights plan today. According to SandRidge, “The rights plan is designed to protect our shareholders’ right to vote, on a fully

Keystone to Resume Crude Oil Deliveries Tomorrow

November 27, 2017

TransCanada Corporation (ticker: TRP) said its Keystone Pipeline repair and restart plans have been reviewed by the Pipeline and Hazardous Materials Safety Administration (PHMSA) with no objections, permitting a safe and controlled return to service of the Keystone system beginning Nov. 28. As part of the reviewed plans, TransCanada will operate the pipeline at a reduced pressure starting on Tuesday,

Carrizo Sells DJ Assets, Focuses on Texas

November 27, 2017

Company is now exclusively Eagle Ford, Delaware operator Carrizo Oil & Gas (ticker: CRZO) continues to focus on its core activities, announcing the sale of its DJ Basin assets today. Carrizo will sell its Niobrara assets for $140 million in cash, with an additional $15 million in contingent payments. The company currently owns about 30,600 net acres in the DJ,

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