Castleton Commodities International LLC (“CCI” or the “Company”) announced today that it has acquired the Carthage upstream and midstream assets in East Texas from subsidiaries of Anadarko Petroleum Corporation for over $1 billion. Pro forma for the Carthage acquisition, CCI will own over 160,000 net acres of leasehold in East Texas. As of the effective date, daily net production to CCI in East Texas increased to over 320 mmcfe/day. Craig
December 5, 2016
Concho Resources Inc. (NYSE: CXO) (“Concho” or the “Company”) today announced it has reached a definitive agreement to acquire approximately 24,000 gross (16,400 net) acres in the northern Delaware Basin for approximately $430 million. The acquired acreage is complementary to the Company’s leasehold position in the northern Delaware Basin, with approximately 12,000 gross (10,000 net) acres located in the Red Hills area in Lea County, New Mexico. Acquisition Highlights Includes
ARC Resources Ltd. (“ARC”) announced today that it has reached an agreement to sell all of its Saskatchewan assets and operations, which produce approximately 7,500 barrels of oil equivalent (“boe”), to Spartan Energy Corp. (SPE – TSX) for a total cash consideration of $700 million. “Our talented field and technical teams were instrumental in creating significant value for our shareholders from our high-quality Saskatchewan assets over the past 20 years.
Annual Meeting Registration Includes: Network with other industry professionals Education sessions covering current industry trends Opening Session: Award Ceremony & Keynote Earn up to 15 CEUs Complimentary Professional Headshots ($150 value) Welcome Reception (networking event) Education Luncheon Landman Bash at MoPOP – Museum of Pop Culture (networking event) Membership Luncheon All for one inclusive low price! REGISTER: http://www.landman.org/events/annual-meeting
BP announced today that it has acquired interests in two North Sea exploration prospects, Jock Scott and Craster, in a further demonstration of the organisation’s commitment to the basin. BP has acquired a 25% interest in the Statoil-operated licenses located to the east of Shetland, P2275 and P2097, which includes the Jock Scott prospect, and a 40% interest in the nearby P2163 and P2147 licenses. Statoil will remain the operator
BP today announced that it has agreed to buy from Eni a 10% interest in the Shorouk concession offshore Egypt, which contains the super-giant Zohr gas field, for $375 million. On closing, BP will also reimburse Eni for BP’s share of past expenditure. As part of the agreement, BP also has an option before the end of 2017 to buy a further 5% interest in the concession under the same
Affiliates of Covey Park Energy LLC, a Dallas, Texas-based independent oil and gas exploration and production company, (“Covey Park”), announced today the acquisition of additional assets located in the Haynesville/Bossier shale areas of East Texas and North Louisiana. The assets are located primarily in Panola, Nacogdoches and San Augustine counties in Texas, and DeSoto, Bossier, and Sabine Parishes in Louisiana, and consist of approximately 139,000 gross and 90,000 net acres