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Eni Awarded Exploration and Production License in Block 28, Offshore Mexico
April 2, 2018
Eni and its partner Lukoil have been awarded rights for exploration & production in the Block 28, located in the medium-deep waters of the Cuenca Salina Basin, offshore Mexico. This allows Eni to build up and consolidate a new core
Deutsche Erdoel Wins Exploration Rights for Three Blocks in Mexico
April 2, 2018
Deutsche Erdoel Mexico has won exploration rights for two blocks with its partners Pemex Exploration and Production and CEPSA and one block jointly with its partners Sapura E&P and Premier Oil in Mexico’s shallow water bid round 3.1. In all
Northwoods Acquires SM Energy’s Powder River Basin Oil and Gas Assets for $500 Million
March 29, 2018
SM Energy has completed the sale of the majority of its assets in the Powder River Basin in the US for $500m. Assets sold include approximately 112,200 predominantly contiguous net acres with average December 2017 net production of approximately 2,200
Energy Hunter to Acquire More Acreage in San Andres Oil Play in Permian Basin, Texas
March 29, 2018
Texas-based Energy Hunter Resources has agreed to acquire 8,817 gross acres in the San Andres oil play of the Permian Basin from Lubbock Energy Partners. Funding of the acquisition will be through a combination of cash and restricted convertible preferred
Marubeni Sells Portion of Eagle Ford Assets, Texas
March 29, 2018
Marubeni Corporation, through its subsidiaries, has reached agreements with two independent oil and gas companies in the USA to sell a part of Marubeni’s interests in the Eagle Ford shale oil & gas assets located in the state of Texas.
Pemex and Lewis Energy Sign Contract to Develop Olmos Gas Field, Mexico
March 29, 2018
Mexico’s national oil company Petróleos Mexicanos (Pemex) and Lewis Energy México signed the first integrated exploration and extraction contract for the Olmos field located in the Mexican state of Coahuila. The purpose is to assess and develop the Eagle Ford
Nostra Terra Secures Approval to Drill Well at Clear Fork Formation, Texas
March 29, 2018
UK-based oil and gas firm Nostra Terra has secured approval to drill a well targeting the Clear Fork formation in its Permian Basin lease in Mitchell County in the US state of Texas. PERMITTING As previously announced, Nostra Terra has
Sundance Energy to Acquire Pioneer’s Eagle Ford Shale Acreage for $102 Million, Texas
March 28, 2018
Pioneer Natural Resources Company has signed a purchase and sale agreement with Sundance Energy, Inc. to sell approximately 10,200 net acres in the western portion of Pioneer’s Eagle Ford Shale acreage position for $102 million, subject to normal closing adjustments.
Getka Energy Secures $250 Million Capital Commitment from EnCap Flatrock Midstream
March 28, 2018
Getka Energy has secured an initial equity commitment of $250 million from EnCap Flatrock Midstream and the Getka management team. Getka was formed earlier this year to provide storage, blending and terminal solutions, as well as pipeline transportation and market
Concho Resources to Acquire RSP Permian in $9.5 Billion Stock Deal
March 28, 2018
Concho Resources Inc. and RSP Permian, Inc. have entered into a definitive agreement under which Concho will acquire RSP in an all-stock transaction valued at approximately $9.5 billion, inclusive of RSP’s net debt. The transaction was unanimously approved by the
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