admin

SandRidge Energy to Acquire Bonanza Creek Energy for $36.00 Per Share in Cash and Stock

– Adds 67,000 contiguous net acres in the oil window of DJ Basin – Significantly increases inventory of high return, oil-weighted drill-ready projects – Expected to be accretive to cash flow beginning in 2018 – Maintains low pro forma leverage and strong balance sheet OKLAHOMA CITY and DENVER, Nov. 15, 2017 /PRNewswire/ — SandRidge Energy (NYSE: SD) and Bonanza Creek Energy(NYSE: BCEI) jointly announced today that the two companies have entered into a definitive merger agreement under

Bill Barrett Corporation Announces Uinta Basin Asset Sale

Bill Barrett Corporation (the “Company”) (NYSE: BBG) announced today that it has entered into an agreement with unaffiliated third parties to sell its remaining non-core assets located in the Uinta Basin for cash proceeds of approximately $110 million. The transaction is expected to close on or before December 31, 2017, and is subject to customary closing conditions and adjustments. The assets produced approximately 2,300 Boe/d (91% oil) during the third quarter of 2017 and had

Earthstone Energy, Inc. Announces Sale Of Bakken Assets

Earthstone Energy, Inc. (NYSE: ESTE) (“Earthstone” or the “Company”), today announced that it has entered into a definitive agreement to sell its Bakken assets for approximately $27 million in cash to an unaffiliated party. The transaction is subject to customary closing conditions and adjustments. The effective date will be December 1, 2017 and is expected to close by year-end 2017. Robert J. Anderson, Executive Vice President, Corporate Development and Engineering

Black Stone Minerals, L.P. Announces $340 Million Acquisition of Mineral and Royalty Interests and Private Placement of Cumulative Convertible Preferred Units

Completes New Farmout Arrangement That Further Supports Development Activity in East Texas; Schedules Conference Call for 10:30 Central Time Today HOUSTON–(BUSINESS WIRE)–Nov. 27, 2017– Black Stone Minerals, L.P. (NYSE:BSM) (“Black Stone Minerals,” “Black Stone,” or “the Partnership”) announces it has entered into a definitive agreement to acquire a diverse set of mineral and royalty assets for $340 million, to be funded primarily by the private placement of newly issued Series B Cumulative Convertible Preferred Units to an

Noble Energy Signs Agreement to Divest Non-Core DJ Basin Acreage

Houston, Nov. 08, 2017 (GLOBE NEWSWIRE) — Noble Energy, Inc. (NYSE: NBL) (“Noble Energy” or “the Company”) today announced that it has signed a definitive agreement with SRC Energy Inc. to divest approximately 30,200 net acres from the Company’s non-core DJ Basin position in Weld County, Colorado.  Included with the acreage sold is approximately 4,100 barrels of oil equivalent per day (Boe/d).  The total value of the transaction is $608 million.  The transaction, effective as of November 1, 2017,

Talos Energy LLC To Combine With Stone Energy Corporation

Talos Energy LLC (“Talos”) and Stone Energy Corporation (NYSE: SGY; “Stone”) today announced that their Boards of Directors have unanimously approved the combination of Talos and Stone in an all-stock transaction that will create a premier offshore-focused exploration and production company. The company will be named Talos Energy, Inc. and is expected to trade on the New York Stock Exchange (“NYSE”) under the new ticker symbol “TALO.” Highlights of the combined

TALOS ENERGY LLC TO COMBINE WITH STONE ENERGY CORPORATION

Talos Energy LLC (“Talos”) and Stone Energy Corporation (NYSE: SGY; “Stone”) today announced that their Boards of Directors have unanimously approved the combination of Talos and Stone in an all-stock transaction that will create a premier offshore-focused exploration and production company. The company will be named Talos Energy, Inc. and is expected to trade on the New York Stock Exchange (“NYSE”) under the new ticker symbol “TALO.” Highlights of the combined company will include: Pro forma estimated

EQT Completes Acquisition of Rice Energy

EQT Corporation (NYSE: EQT) today announced that it has completed its acquisition of Rice Energy Inc. “With the closing of the transaction, we are combining two of the leading operators in the Appalachian Basin to create an even stronger company that is positioned to deliver greater returns to shareholders through operating efficiencies and improved overall well economics,” said Steve Schlotterbeck, EQT’s president and chief executive officer. “This transaction complements our

EMI's Petroleum Industry Fundamentals course, December 4-5, 2017 in Houston, TX

Get a detailed look at the entire petroleum complex with a focus on the operational details of the upstream, midstream, and downstream – Reserve your seat for EMI’s Petroleum Industry Fundamentals course, December 4-5, 2017 in Houston, TX. Register for Live Course   Get Course Syllabus   Can’t attend the live course? Check out EMI’s On Demand Petroleum Industry Fundamentals. During EMI’s Petroleum Industry Fundamentals course, you’ll follow crude oil