Oil, Gas and Shale
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Venado and KKR Acquires Cabot Eagle Ford Assets for $765 Million

April 5, 2018

Venado Oil and Gas and KKR have acquired the operated and non-operated Eagle Ford assets of Cabot Oil & Gas in a deal worth $765m. Venado and KKR acquired interests which include approximately 303 gross/203 net wells and 74,400 net

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Stallion Acquires Oilfield Recycling Service Provider Basin Wastewater Solutions

April 4, 2018

Stallion Oilfield Services Ltd. has completed its acquisition of substantially all of the assets of Basin Wastewater Solutions, LLC (Basin), a leading provider of rig site potable water and wastewater recycling services. Basin is based in Carlsbad, NM and services

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USA Compression Completes $1.8 Billion Acquisition of Energy Transfer’s Compression Business

April 4, 2018

USA Compression Partners, Energy Transfer Partners, and Energy Transfer Equity, L.P. has completed the previously reported acquisition of the CDM compression business from ETP. In addition, ETE completed its acquisition of USAC’s general partner and approximately 12.5 million USAC common

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WPX Energy Sells Stake in Gallup Oil Play to Enduring Resources for $700 Million

April 3, 2018

WPX Energy has completed sale of its stakes in the Gallup oil play in San Juan Basin to Enduring Resources IV for $700m. A significant portion of the proceeds are slated for debt reduction. WPX now believes it can reduce

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Saudi Aramco Signs $10 Billion Worth in Deals with U.S. Companies

April 2, 2018

Saudi Aramco has signed deals worth more than $10bn in areas like offshore drilling, well testing and others with 14 American companies during the Saudi-US CEO Forum held in New York. The Forum was scheduled to coincide with the official

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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

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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

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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

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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

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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.

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