August 17, 2016

Suncor Energy to acquire interest in North Sea Rosebank project

Suncor Energy UK Limited (“Suncor”) today announced it will acquire a 30 per cent participating interest in the U.K. North Sea Rosebank project from OMV (U.K.) Limited. Under the terms of the agreement, Suncor will make an initial payment of US$50 million on closing. The transaction is subject to conditions, including regulatory approval, and is anticipated to close in the fourth quarter of 2016. In the event the co-venturers approve

iLandMan and OGsys Integrate Land and Accounting Systems

We are very pleased to officially announce that iLandMan and OGsys, Inc. have entered into a developmental business agreement to offer a fully integrated land management and accounting solution for exploration and production companies. This state of the art technology relationship promises to unite land teams and accounting departments through a truly integrated technical approach, where data meaningful to each side of the company can be appropriately shared between them.


Chesapeake Energy Corporation (NYSE:CHK) today announced that it has entered into an agreement to convey its interests in the Barnett Shale operating area located in North Texas to Saddle Barnett Resources, LLC (“Saddle Resources”), a company backed by First Reserve, a leading global private equity and infrastructure investment firm exclusively focused on energy, and simultaneously terminate future commitments associated with this asset. The impacts to Chesapeake upon completion of these


Parsley Energy, Inc. (NYSE: PE) (“Parsley Energy,” “Parsley,” or the “Company”) today announced that it has entered into an agreement to acquire certain undeveloped acreage and producing oil and gas properties in Glasscock County, Texas, as well as associated mineral and overriding royalty interests, for an aggregate purchase price of $400 million in cash, subject to customary closing conditions. Parsley intends to finance this acquisition through debt and equity issuances

Armour Accepts Settlement Agreement with AEGP Australia Regarding Farm-Out Agreement

The Directors of Armour Energy Limited (ASX: AJQ, Armour, the Company) have resolved to accept a settlement agreement with AEGP Australia Pty Ltd (AEGP) following the ruling by the Queensland Supreme Court ordering specific performance by AEGP of its obligations under the Farm‐out Agreement between Armour and AEGP in respect of the Northern Territory petroleum exploration permits. Under the Farm‐out Agreement, Armour was to receive an upfront cash payment of

Concho Resources Inc. Announces Acquisition of Midland Basin Assets

Concho Resources Inc. (NYSE: CXO) (the “Company” or “Concho”) today announced it has reached a definitive agreement to acquire approximately 40,000 net acres in the core of the Midland Basin from Reliance Energy, a privately held, Midland-based energy company, for $1.625 billion. The privately negotiated acquisition is consistent with Concho’s opportunistic and disciplined portfolio management strategy as it expands its core Midland Basin position to more than 150,000 net acres

Bill Barrett Corporation Resumes DJ Basin Development Program

Bill Barrett Corporation (the “Company”) (NYSE: BBG) announced today that it will resume its extended reach lateral (“XRL”) development program in the Denver-Julesburg (“DJ”) Basin during the third quarter of 2016. It is expected that up to 12 gross XRL wells will spud prior to the end of year and be placed on initial production in the first quarter of 2017. The Company projects that its 2016 capital expenditures will

Europa Oil & Gas Acquisition of Shale Petroleum (UK) Limited

Europa Oil & Gas (Holdings) plc, the AIM listed oil and gas exploration, development and production company focused on Europe, is pleased to announce that it has completed the acquisition of Shale Petroleum (UK) Limited for a nominal consideration of £1. As consequence of this acquisition Europa has increased its equity interest in PEDL299 and PEDL343 exploration licences awarded in the 14th UK Landward Licensing Round to 33.32% and 45.0%

Siccar Point Energy acquires interest in the Greater Mariner Area

London, 16 August 2016 – Siccar Point Energy, a joint venture owned by Blue Water Energy and funds managed by Blackstone Energy Partners (“Blackstone”), announced the acquisition of an 8.9% interest in the Greater Mariner Area from JX Nippon Exploration and Production (U.K.) Limited. This acquisition is the first since Siccar Point Energy was launched in August 2014 following its initial funding by Blue Water Energy and Blackstone. The Mariner