May 2016

PARSLEY ENERGY ANNOUNCES ACQUISITION OF MINERAL RIGHTS IN THE SOUTHERN DELAWARE BASIN

Parsley Energy, Inc. (NYSE: PE) (“Parsley Energy,” “Parsley,” or the “Company”) today announced that it has entered into an agreement to acquire mineral rights under approximately 30,000 acres consisting of Parsley leasehold and other adjacent properties in Pecos and Reeves Counties, Texas in the Southern Delaware Basin for $280.5 million in cash. The proposed transaction is scheduled to close by July 14, 2016, subject to customary closing conditions. Parsley intends

Oil Search and Total sign agreement regarding acquisition of InterOil assets in Papua New Guinea

MoU signed between Oil Search and Total. Oil Search to sell down 60% of the interest acquired from InterOil in PRL 15 and 62% of InterOil’s exploration assets to Total, subject to closing the InterOil acquisition. Oil Search and Total to focus on development of Papua LNG Project and to pursue cooperation and/or integration opportunities with PNG LNG Project. MoU with Total underpins the value of the InterOil transaction, enhances

Come celebrate at the first ever ALTA Social!

JUNE 9, 2016 Registration is not required, but is encouraged (this is a free event whether you register or not!:  http://www.eventbrite.com/e/alta-social-tickets-25528041058 Need more info? Email joey.k@pandplandservice.com. DOWNLOAD FLYER

More Queensland exploration needed to avoid uncertainty

There is an urgent need to address the severe decline in Queensland exploration experienced over the last five years. APPEA Director for Queensland Chris Lamont said the decline in petroleum exploration in the state is leading a national decline in exploration activity for both onshore and offshore activity. “We have a clear need for more exploration activity but a plethora of regulatory restrictions and uncertainty are frustrating the industry in

Vantage Energy's Qualified Bid of $339.5 Million Announced as Winner for Pennsylvania Land Resources' Natural Gas Assets

BRISTOL, Va., May 17, 2016 /PRNewswire/ — Alpha Natural Resources, Inc. (ANRZQ) today announced that Vantage Energy Appalachia II, LLC was named the successful bidder for certain oil and natural gas assets (collectively the “PLR Assets”) in Southwest Pennsylvania owned by its subsidiary, Pennsylvania Land Resources, LLC.  Vantage’s winning cash bid of $339.5 million far exceeded the previously announced stalking horse bid of $200 million for those same assets. “While

Houston American Energy Corp Provides Update and Announces Plans to Seek Acquisitions, Merger Partners or Sale of Assets

Houston, Texas –May 16, 2016 – Houston American Energy Corp. (NYSE Mkt: HUSA) (herein the “Company”) today announced that its Board of Directors has approved the exploration of strategic alternatives by the Company. The Company intends to consider a broad range of strategic alternatives including, but not limited to, seeking acquisition candidates, a merger partneror sale of assets or the Company, among other alternatives. The determination to explore strategic alternatives

Range Resources Corporation Announces Merger With Memorial Resource Development Corp

FORT WORTH, TX — (Marketwired) — 05/16/16 — RANGE RESOURCES CORPORATION “Range” (NYSE: RRC) and MEMORIAL RESOURCE DEVELOPMENT CORP. “MRD” (NASDAQ: MRD) announced today a definitive merger agreement under which Range will acquire all of the outstanding shares of common stock of MRD in an all-stock transaction valued at $4.4 billion. This valuation includes the assumption of MRD’s net debt, which was $1.1 billion as of March 31, 2016. Jeff

Wyoming H.B. No. 0107 Uniform Real Property Electronic Recording Act.

AN ACT relating to real property; adopting the Uniform Real Property Electronic Recording Act; validating electronic documents for recording; authorizing electronic recordings by county clerks; imposing duties on the department of enterprise technology services; providing for rulemaking; providing definitions; and providing for effective dates. DIGEST:  http://legisweb.state.wy.us/2016/Digest/HB0107.pdf Currently, Wyoming law provides that only originally signed real property documents or properly certified or authenticated copies thereof may be recorded by the county

BP doubles its interest in North Sea Culzean field development

BP announced today it has doubled its interest in the Culzean development in the UK Central North Sea, following its acquisition of an additional 16% interest from JX Nippon. The acquisition increases BP’s interest in the development from 16% to 32%. “We are pleased to have deepened our interest in Culzean and we look forward to helping Maersk make this important central North Sea development a success,” said Mark Thomas,

JX Nippon sold part of working interest of Culzean Gas Field in UK North Sea

JX Nippon Oil and Gas Exploration Corporation (President and CEO, Shunsaku Miyake) is pleased to announce that its wholly owned subsidiary, JX Nippon Exploration and Production (U.K.) Limited (“JXNEPUK”) (President and CEO, Kemmei Nakata) sold a 16% working interest in Licence No. P.111, Block 22/25a, containing the Culzean Gas Field, to Britoil Limited (a subsidiary of BP plc). As a result of this transaction, the participating interest of JXNEPUK in