HEADLINES: Chesapeake, BHP Weren't The Only Ones Making Big Moves
Williams, Northern Oil & Gas, Pioneer Natural Resources also made A&D news this week. And, how much more oil is Anadarko producing in the Permian?
BHP Billiton Exits US Shale For $10.8 Billion
BHP will sell its treasure chest of U.S. shale assets in two separate transactions, the largest of which is BP's $10.5 billion purchase of the company's Permian, Eagle Ford and Haynesville position.
A&D Trends: Upstream Trade Winds
Most analysts’ data show upstream A&D activity to be flat or declining and deal values nosediving compared to last year, but lost in these stats is the underappreciated art of the acreage swaps.
Comstock Resources Buys Haynesville Properties At Enduro Auction
Current net production from properties is about 26 MMcf/d.
Study: US Oil, Gas Companies Add To Reserves
Some of the largest U.S. oil and gas companies are growing reserves and bringing down costs amid improved market conditions.
QEP Resources On Permian Pure-Play Path With Uinta Sale
Middle Forks, a privately-held E&P backed by Quantum Energy Partners, agreed to buy QEP’s Uinta Basin assets located in eastern Utah.
Asian Interest In US Shale Builds With Recent Texas Deals
A pair of Texas deals by Japanese companies Sumitomo and Osaka Gas follow the cautious return of Asian investors to U.S. shale.
Japan's Osaka Gas Buys Stake In East Texas Shale Gas Project
Osaka Gas will acquire a 30% stake in Sabine Oil & Gas' East Texas shale gas project targeting the Cotton Valley Sand and Haynesville Shale formations.
EV Energy Partners Begins ‘New Chapter’ As Harvest Oil & Gas
EV Energy Partners, an MLP, filed for Chapter 11 in early April. Parent firm EnerVest and its EnerVest Operating unit did not file for bankruptcy.
Enduro Gathers Bids For Permian, Williston, Haynesville
Enduro lined up four stalking-horse bidders—the most recent being Comstock—after a prior reorganization failed to remedy its financial woes.