2018

Lilis Energy Announces Strategic Transaction in the Texas Delaware Basin Through Exchange of Acreage

CURRENT PRODUCTION EXCEEDS 7,300 BOEPD SUCCESSFULLY COMPLETED SEVEN WELLS AND DELINEATED THREE NEW BENCHES INFRASTRUCTURE AND TAKEAWAY PLANS SUBSTANTIALLY COMPLETE FIVE YEAR CRUDE TAKEAWAY EXECUTED WITH GULF COAST PRICING EXECUTED TWO ACREAGE SWAPS TO ENHANCE ACREAGE POSITION AND OPERATING CONTROL SUBSTANTIALLY IMPROVED LIQUIDITY AND PROJECTION OF FREE CASH FLOW BY EARLY 2019 INCREASED PROVED RESERVES BY 228% SINCE DECEMBER 31, 2017 Lilis Energy Update … Source link

TruckPro, LLC Acquires Austin Brake and Clutch Supply of Austin, Texas

CBS ArcSafe has acquired the select assets of MarTek Limited. The acquisition includes the addition of the Chicken Switch product family to CBS ArcSafe’s lineup of remote racking and switching… (PRWeb August 03, 2018) Read the full story at https://www.prweb.com/releases/cbs_arcsafe_acquires_martek_limited/prweb15670492.htm Source link

TruckPro, LLC Acquires Austin Brake and Clutch Supply of Austin, Texas

Within this role, Scooter will focus on implementing strategic business expansion plans in new customer acquisition, existing customer support, implementation of turnkey services and provisioning of… (PRWeb August 02, 2018) Read the full story at https://www.prweb.com/releases/petro_guardian_hires_graham_scooter_beachum_iii_as_director_of_permian_region_expands_footprint_in_permian_basin/prweb15661059.htm Source link

BLM WYOMING OIL AND GAS LEASE SALE NETS NEARLY $20 MILLION

In keeping with the Administration’s goal of promoting America’s energy independence, the Bureau of Land Management Wyoming quarterly oil and gas lease sale resulted in competitive bids for 152 of the 170 parcels offered at the sale. The combined bids from the sale brought in $19.87 million, which will be distributed between the Federal government and the State of Wyoming. The BLM offered parcels in Campbell, Converse, Crook, Fremont, Goshen,

Concho Resources Inc. to Acquire RSP Permian, Inc. in All-Stock Transaction

Concho Resources Inc. (NYSE: CXO) and RSP Permian, Inc. (NYSE: RSPP) today announced they have entered into a definitive agreement under which Concho will acquire RSP in an all-stock transaction valued at approximately $9.5 billion, inclusive of RSP’s net debt. The consideration will consist of 0.320 shares of Concho common stock for each share of RSP common stock. The transaction was unanimously approved by the board of directors of each company. This press

Pioneer Natural Resources Company Announces Sale of Selected Eagle Ford Shale Acreage for $102 Million

Pioneer Natural Resources Company (NYSE:PXD) (“Pioneer” or “the Company”) today announced that it has signed a purchase and sale agreement with Sundance Energy, Inc. to sell approximately 10,200 net acres in the western portion of Pioneer’s Eagle Ford Shale acreage position for $102 million, subject to normal closing adjustments. The acreage is located in Atascosa, LaSalle, Live Oak and McMullen Counties, Texas. Current net production is approximately 1,100 barrels of oil equivalent per day. After the sale closes, which is expected during the

SM ENERGY ANNOUNCES AGREEMENTS TO SELL ADDITIONAL NON-CORE ASSETS FOR $292 MILLION, CORING UP AND BRINGING DOWN NET DEBT

SM Energy Company (the “Company”) (NYSE: SM) today announced that it has entered into two definitive agreements, one for the sale of the Company’s remaining assets in the Williston Basin located in Divide County, North Dakota, and one for the sale of its third-party operated assets known as Halff East located in Upton County, Texas for combined proceeds of $292.3 million (subject to certain agreed upon closing price adjustments). The

Venado Oil & Gas and KKR Acquire Cabot Eagle Ford Assets

Venado Oil and Gas, LLC (“Venado”) and KKR today announced that they have closed on the acquisition of the operated and non-operated Eagle Ford assets of Cabot Oil & Gas Corporation (NYSE: COG) for a purchase price of $765 million, subject to customary closing adjustments. Venado and KKR acquired interests which include approximately 303 gross/203 net wells and 74,400 net acres situated primarily in the Eagle Ford oil window of