Eclipse Resources Announces Asset Divestiture

Eclipse Resources Corporation (NYSE:ECR) (the “Company” or “Eclipse Resources”) announced today that it has completed the sale of approximately 9,900 net acres in eastern Noble County and western Monroe County, Ohio for approximately $63.8 million to an undisclosed buyer. The assets sold were predominately undeveloped acres in the Utica Shale formation and included de minimis net production of approximately 1,000 Mcfe per day. Proceeds from the sale will be used

Centennial Resource Development Announces Closing of Southern Delaware Basin Acquisition and $910 Million Private Placement of Equity and Increases Borrowing Base

Centennial Resource Development, Inc. together with its affiliates (“CDEV”, “Centennial” or the “Company”) (NASDAQ:CDEV) (NASDAQ:CDEVW), announced today that it has closed the previously announced acquisition of leasehold interests and related upstream assets in Reeves County from Silverback Exploration, LLC (“Silverback”) for a purchase price of approximately $855 million, subject to customary post-closing adjustments. Centennial also announced today that it has closed the previously announced private placement of equity securities with

Anadarko Announces Sale Of Marcellus Shale Natural Gas Assets

Anadarko Petroleum Corporation (NYSE: APC) announced today it has agreed to sell its operated and non-operated upstream assets and operated midstream assets in the Marcellus Shale of north-central Pennsylvania to Alta Marcellus Development, LLC, a wholly owned subsidiary of Alta Resources Development, LLC, for approximately $1.24 billion. The midstream assets in the Marcellus owned by Western Gas Partners, LP (NYSE: WES), Anadarko’s sponsored master limited partnership, are excluded from the

KLR Energy Acquisition Corp. and Tema Oil and Gas Company to Combine to form Rosehill Resources, a Pure-Play Delaware Basin Company

KLR Energy Acquisition Corp. (“KLR Energy”) (NASDAQ: KLRE, KLREU, KLREW), an oil and gas exploration and production focused special purpose acquisition entity, today announced that it has entered into a Business Combination Agreement with Tema Oil and Gas Company (“Tema”), a private company with assets in the core of the Delaware Basin in Loving County, Texas. The transaction was unanimously approved by the respective boards of directors of the companies

Chevron Announces Sale of Geothermal Operations

Chevron Corporation (NYSE: CVX) announced that its wholly-owned subsidiaries have entered into a sales and purchase agreement with Star Energy Consortium to sell Chevron’s Indonesian and Philippines Geothermal assets. “These assets deliver reliable energy to support the needs of Asia-Pacific’s growing economies,” said Jay Johnson, executive vice president, Upstream, Chevron Corporation.  “This sale is aligned with our strategy to maximize the value of our global upstream businesses through effective portfolio

Diamondback Energy, Inc. Announces Transformational Acquisition in the Delaware Basin

Diamondback Energy, Inc. (NASDAQ:FANG) (“Diamondback” or the “Company”) today announced that it has entered into a definitive purchase agreement to acquire all leasehold interests and related assets of Brigham Resources Operating, LLC and Brigham Resources Midstream, LLC (“the Sellers” or “Brigham Resources”), for an aggregate purchase price of $2.43 billion, consisting of $1.62 billion in cash and 7.69 million shares of Diamondback common stock, subject to certain adjustments. Upon completion,

Extraction Oil & Gas Closes Two DJ Basin Acquisitions

Extraction Oil & Gas, Inc. (NASDAQ:XOG), (“Extraction,” or the “Company”), an oil and gas exploration and production company with primary assets in the Wattenberg Field in the Denver-Julesburg Basin of Colorado (“the DJ Basin”), today announced that it has recently closed on two separate transactions from unrelated sellers to acquire approximately 16,800 net acres in the DJ Basin for aggregate cash consideration of $177 million. Net proceeds from the Company’s

Freeport-McMoRan Completes Sale of Deepwater Gulf of Mexico Properties

Freeport-McMoRan Inc. (NYSE: FCX) announced today that it has completed the previously announced sale of its Deepwater Gulf of Mexico (GOM) properties to Anadarko Petroleum Corporation (NYSE: APC) for $2.0 billion in cash, before closing adjustments. In connection with this transaction, FCX also settled a preferred stock obligation with its consolidated subsidiary, Plains Offshore Operations Inc., for $582 million. Under the terms of the agreement, FCX has the right to

Anadarko Closes Deepwater Gulf of Mexico Acquisition

Anadarko Petroleum Corporation (NYSE: APC) announced today it has closed the acquisition of Freeport-McMoRan Oil & Gas’s deepwater Gulf of Mexico assets. The transaction is effective Aug. 1, 2016. Anadarko also increased its oil-growth expectations and discussed plans to further accelerate its rig activity in the Delaware and DJ basins. In addition, the company provided an update on its deepwater drilling activities in the Gulf of Mexico, highlighted by successes


Swift Energy Company (OTCQX: SWTF) (the “Company”) announced today that it has sold its remaining 25% interest in the Burr Ferry and South Bearhead Creek Fields in Central Louisiana. The net proceeds received by Swift Energy ($8.0 million, less customary closing adjustments) will be used to reduce the amount of borrowings under the Company’s credit facility which was approximately $212 million prior to receipt of these funds. Interim Chief Executive