April 6, 2018

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

SM ENERGY ANNOUNCES CLOSING OF POWDER RIVER BASIN ASSET SALE AND PROVIDES ADDITIONAL UPDATES

SM Energy Company (the “Company”) (NYSE: SM) today announced that it completed the previously announced sale of the majority of its assets in the Powder River Basin for $500 million ($491.5 million net cash proceeds, subject to final purchase price adjustments). Assets sold include approximately 112,200 predominantly contiguous net acres with average December 2017 net production of approximately 2,200 Boe per day (51% oil, 18% NGLs and 31% natural gas). The buyer is Northwoods Operating LLC, a portfolio company

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

RELIANCE ANNOUNCES SALE OF SELECT ASSETS IN THE EAGLE FORD SHALE PLAY IN THE USA

MUMBAI, March 27, 2018: Reliance Eagleford Upstream Holding LP (“Reliance”), a subsidiary of both Reliance Holding USA, Inc., and Reliance Industries Limited, announced the signing of a purchase and sale agreement with Sundance Energy Inc. to divest its interest in certain acreage, producing wells and related assets in the western portion of its Eagle Ford shale position (hereinafter called as ‘Assets’) for approximate consideration of USD100 Million, subject to certain