Constellation Energy Partners LLC, Baltimore, (NYSE: CEP) plans to acquire Amvest Osage Inc., a subsidiary of privately held, Charlottesville, Va.-based Amvest Corp., for $240 million. Amvest Osage owns producing and undeveloped properties in the Cherokee Basin in Oklahoma, including a 560,000-net-acre concession for coalbed-methane and shale rights from the Osage Native American Nation. The assets feature 370 producing wells with a general 100% working interest. Amvest Osage will become a subsidiary of Constellation. Net production is approximately 16 million cubic feet of gas equivalent per day. Proved reserves as of March 31 were 93 billion billion cubic feet equivalent.
Recommended Reading
Dividends Declared in the Week of Aug. 19
2024-08-23 - As second-quarter earnings wrap up, here is a selection of dividends declared in the energy industry.
Gulfport Energy to Offer $500MM Senior Notes Due 2029
2024-09-03 - Gulfport Energy Corp. also commenced a tender offer to purchase for cash its 8.0% senior notes due 2026.
Bechtel Awarded $4.3B Contract for NextDecade’s Rio Grande Train 4
2024-08-06 - NextDecade’s Rio Grande LNG Train 4 agreed to pay Bechtel approximately $4.3 billion for the work under an engineering, procurement and construction contract.
SPATCO Energy Exits RF Investment Fund
2024-08-15 - RF investment Partners said it invested in SPATCO Energy Solution’s $230 million continuation fund, which was led by Kian Capital Partners and Apogem Capital.
CrownRock Offloads Oxy Shares Two Weeks After Closing $12B Deal
2024-08-15 - Underwriters of the offering agreed to purchase CrownRock’s Occidental stock at $58.15 per share, which will result in approximately $1.719 billion in proceeds before expenses.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.