February 7, 2018

Vine Oil & Gas LP and GEP Haynesville, LLC Announce Exchange of Haynesville Basin Assets

PLANO, Texas and THE WOODLANDS, Texas, January 31, 2018 — Vine Oil & Gas LP (“Vine”) and GEP Haynesville, LLC (“GEP”) exchanged non-operated working interests in the majority of Vine and GEP’s joint venture assets located in Red River, DeSoto and Sabine parishes in Northwest Louisiana (the “Exchange”). The Exchange unwinds a material portion of the joint venture area of mutual interest and allocates to each party the entirety of

Obsidian Energy Announces Legacy Asset Disposition

OBSIDIAN ENERGY LTD. (TSX/NYSE – OBE) (“Obsidian Energy“, the “Company“, “we“, “us” or “our“) is pleased to announce that we closed an agreement to dispose of a significant portion of our non-core legacy assets, in exchange for the assumption of abandonment and reclamation liabilities. David French, President & CEO commented, “This transaction is another important step forward for Obsidian Energy. It demonstrates the continued refocusing of the business only on assets

NAPE 2018 Booth #4511

Come by the LandLine News booth at NAPE this week and kick it in style with Elvis and fifty-year-old ride that still hasn’t gone out of style. Red & white with dice in the mirror, this classic Caddy is here to remind of the good days we’ve had and the good days ahead. Billy Wayde is one of the top elvis impersonators in the world and will be performing live

PetroQuest Energy Announces Sale of Gulf of Mexico Assets

PetroQuest Energy, Inc. (NYSE:PQ) today announced the sale of its Gulf of Mexico properties (the “Sold Assets”) on January 31, 2018, but effective as of December 1, 2017. As a result of the sale, the Company has eliminated an approximate $35.4 million undiscounted abandonment liability from its long-term obligations.  The Company received no proceeds from the sale of these properties and is required to contribute $3.75 million towards future abandonment


WPX Energy (NYSE: WPX) has signed an agreement to sell its holdings in the San Juan Basin’s Gallup oil play for $700 million to an undisclosed third party. Closing is expected to occur in the first quarter. The divestiture accelerates WPX’s stated deleveraging efforts, with a significant portion of the proceeds slated for debt reduction. WPX now believes it can reduce its net debt/EBITDAX to a target level of 1.5x during 2019. The transaction

Lilis Energy Announces Delaware Basin Acquisition

Lilis Energy, Inc. (NYSE American: LLEX), an exploration and development company operating in the Permian Basin of West Texas and Southeastern New Mexico announced today that it has entered into a definitive purchase and sale agreement with OneEnergy Partners Operating, LLC (“OEP”) to acquire approximately 2,798 net acres in the Delaware Basin and associated production of approximately 425 net Boepd (the “Acquisition”).  Aggregate consideration for the Acquisition is $70 million, consisting of $40 million in cash and $30 million of the Company’s common stock (1), subject