Sale – Page 2 – Oil & Gas 360

$728-Million Award for Vantage Drilling Upheld by U.S. District Court - Oil & Gas 360

Petrobras to Privatize Brazil’s Top Gas Seller in $2 Billion Share Sale

July 23, 2019

From Reuters Brazilian state-run oil company Petroleo Brasileiro SA is set to relinquish control of the country’s biggest fuel distributor in a share offering due to be priced late on Tuesday, pushing ahead with a privatization drive under new Chief Executive Roberto Castello Branco. Each of Branco’s three predecessors discussed privatizing Petrobras Distribuidora SA. The share offering of the gas

Occidental Announces -Andrew Gould Elected to Occidental Board of Directors Oil & Gas 360

Occidental Mulls Sale of Anadarko’s Western Stake

June 25, 2019

From Bloomberg Adviser helping find buyer for stakes in pipeline operator, Occidental struck $38 billion agreement for Anadarko in May Occidental Petroleum Corp. is seeking a buyer to take majority control of Western Midstream Partners LP, the pipeline operator that it’s poised to inherit through its takeover of Anadarko Petroleum Corp., according to people familiar with the matter. Occidental is

Enbridge Sells U.S. Midstream for $1.1 Billion

May 9, 2018

Enbridge Inc. (ticker: ENB) said its indirect subsidiary, Enbridge (U.S.) Inc., has entered into an agreement to sell Midcoast Operating, L.P. and its subsidiaries to AL Midcoast Holdings, LLC (an affiliate of ArcLight Capital Partners, LLC) for a cash purchase price of US$1.120 billion. “The sale of Midcoast is an important step in our shift towards a pure regulated pipeline

Marathon Oil Preps for $2.3 Billion CapEx in 2018, Forecasts ~400 MBOEPD Net Production

February 15, 2018

Marathon Oil Corporation (ticker: MRO) will have a $2.3 billion capital budget for 2018. The company said the budget is self-funding at $50 average WTI and will generate free cash flow at $60 average WTI. More than 90% will be directed to four U.S. resource plays. Almost 60% of the development budget will be allocated to the Eagle Ford and

Earthstone Energy, Inc. (ESTE) Sells Bakken Assets

November 20, 2017

Earthstone Energy, Inc. (ticker: ESTE) announced today that it entered into an agreement to sell its Bakken assets for approximately $27 million in cash to an unaffiliated party. The effective date will be December 1, 2017 and is expected to close by year-end 2017. According to an Earthstone investor presentation, Earthstone’s Bakken/Three Forks assets include 5,900 net core acres predominantly

American Midstream Partners Selling Propane Business, Redeploying Capital

July 24, 2017

In a $170 million cash transaction, American Midstream Partners (ticker: AMID)—which provides natural gas and oil gathering, processing, and transmission—has agreed to sell its propane business to SHV Energy. The sale includes American Midstream’s service locations, cylinder exchange program, and Alliant Gas utility system. Re-deploying capital American Midstream is undertaking the transaction with the intent of simplifying its business and

Apache Makes its Exit from Canada

July 7, 2017

Apache Corporation (APA) will finish exiting its Canada operations following the closing of a sale of three sets of assets. The sale was comprised of a slate of properties in Alberta and British Columbia to Paramount Resources (ticker: POU); the sale of its Provost assets in Alberta to an undisclosed private company; and the sale of its Midale and House

Sanchez Midstream Partners Selling Non-Core Assets

July 5, 2017

Sanchez Midstream Partners, LP. (ticker: SNMP), previously Sanchez Production Partners—a midstream subsidiary of Sanchez Energy Corporation (ticker: SN)—recently announced the sale of non-core production assets. Sanchez will be selling its Texas production assets to a private buyer for approximately $6.3 million. The sale is expected to close in Q3, 2017. The company also expects to close the sale of its

Samson Oil & Gas Sells North Stockyard Assets

July 1, 2016

Move boosts liquidity Samson Oil & Gas (ticker: SSN) announced an agreement to sell the company’s interest in the North Stockyard field for $15 million. The buyer of the acreage is Angelus Private Equity Group, who has placed a $1 million deposit on the property. Closing is expected to occur on August 31, 2016. The sale will allow Samson to

WPX Sells Piceance Subsidiary, Focuses on Permian

February 9, 2016

WPX Energy Inc. (ticker: WPX; WPXEnergy.com) announced on February 9, 2016, that the Company will sell its WPX Energy Rocky Mountain subsidiary business, which focuses on the Piceance Basin of Colorado. The WPX Piceance subsidiary was acquired by Terra Energy Partners LLC for $910 million in cash. The assets consist of 200,000 net acres in the Piceance Basin with recent

Quicksilver Announces Sale to Tokyo Gas of 25% Interest in Barnett Shale Assets

March 29, 2013

FORT WORTH, Texas, March 29, 2013 (GLOBE NEWSWIRE) — Quicksilver Resources Inc. (KWK) announced today that it has executed an agreement to sell an undivided 25% interest in its Barnett Shale oil and gas assets for US$485 million to TG Barnett Resources LP, a wholly-owned U.S. subsidiary of Tokyo Gas Co., Ltd. Quicksilver will remain as operator of the assets.

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