ExxonMobil Acquires Crude Oil Terminal to Serve Growing Permian Basin Production

Exxon Mobil Corporation (NYSE:XOM) announced today that it has acquired a crude oil terminal in Wink, Texas from Genesis Energy LP. The terminal is located in the rapidly growing Delaware Basin, part of Permian Basin – one of the most prolific plays in the United States. The terminal is strategically positioned to handle Permian Basin crude oil and condensate for transport to Gulf Coast refineries and marine export terminals. The facility

Kalnin Ventures Announces Fifth Marcellus Asset Acquisition

$210 Million Acquisition Makes Kalnin a Leading Player in Marcellus Play DENVER (Oct. 6, 2017) – Kalnin Ventures LLC (“Kalnin”) today announced that an affiliate of its BKV Oil and Gas Capital Partners, LP fund (the “Fund”), has entered into Purchase and Sale Agreements with respect to the Fund’s fifth acquisition of assets in just over 2 years in the northeast portion of the Marcellus Shale. The Fund is financially

Chaparral Energy Announces Sale of EOR Assets for $170 Million

Chaparral Energy, Inc. (OTCQB: CHPE) announced today that it has entered into a definitive agreement to sell its North Burbank and Texas Panhandle enhanced oil recovery (EOR) assets for $170 million cash plus certain contingent payments, subject to customary closing adjustments, to an undisclosed buyer. “The sale of these assets marks a major milestone in the transition of Chaparral to a premiere pure-play STACK operator. Our teams will now be

Carrizo Oil & Gas Announces the Sale of Its Marcellus Shale Assets

Carrizo Oil & Gas, Inc. (Nasdaq: CRZO) today announced that on October 5, 2017, the Company entered into an agreement to sell its assets in the Marcellus Shale to a subsidiary of Kalnin Ventures LLC for $84 million in cash, subject to customary closing terms and conditions. Additionally, Carrizo could receive contingent payments of up to $7.5 million in aggregate based on natural gas prices exceeding certain thresholds over the next three years. Net production from the assets averaged more than

Sanchez Energy Announces Closing of Javelina Asset Sale

Sanchez Energy Corporation (NYSE:SN) (the “Company”), today announced that it closed the previously announced sale of its Javelina assets in the Eagle Ford Shale for approximately $105 million in cash, subject to customary post-closing adjustments. SOURCE:  http://investor.sanchezenergycorp.com/phoenix.zhtml?c=248475&p=RssLanding&cat=news&id=2301668

LINN Energy Announces Sale of Washakie Properties for $200 Million and Increases Share Repurchase Authorization to $400 Million

LINN Energy, Inc. (OTCQB:LNGG) (“LINN” or the “Company”) announced today that it has signed a definitive agreement to sell its interest in properties located in Wyoming to an undisclosed buyer for a contract price of $200 million, subject to closing adjustments. The Board of Directors (the “Board”) has also authorized an increase in the previously announced share repurchase program to a total of $400 million of the Company’s outstanding shares

Lilis Energy Announces Delaware Basin Acquisition and Wildhog BWX State Com #1H IP24 Rate

Over 4,000 Net Contiguous & Overlapping Acres in Winkler CountyYE 2017 Guidance of 15,000 Net Acres ExceededWildhog BWX State Com #1H Reached 997 Boepd,86% Liquids on 4,567 Foot LateralProvides Significant Deliniation Data Point for Eastern AcreageExisting Liquidity & Cash Flow Sufficient to Fund Acquisition and Development Program through 2018 SAN ANTONIO, Oct. 4, 2017 /PRNewswire/ — Lilis Energy, Inc. (NYSE American: LLEX), an exploration and development company operating in the Permian Basin of West Texas, today

ExxonMobil Continues to Increase Acreage Position in Permian Basin

22,000 acres added in Delaware and Midland Basins in the Permian Adds to company’s 6 billion oil-equivalent-barrel Permian Basin resource base ExxonMobil one of most active operators in Permian with 19 drilling rigs Exxon Mobil Corporation (NYSE:XOM) today announced it has added 22,000 acres to its Permian Basin portfolio since May through a series of acquisitions and acreage trades. Located in the highly prolific, stacked oil pay zones of the Delaware

Cenovus reaches agreement to sell Suffield assets for more than half a billion dollars

Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) has entered into a definitive agreement to sell its Suffield crude oil and natural gas operations in southern Alberta to International Petroleum Corporation for gross cash proceeds of $512 million. The parties have also agreed to a deferred purchase price adjustment that gives Cenovus the opportunity to benefit from potential additional payments of up to $36 million. The sale of the Suffield assets,

Halcón Resources Announces the Sale of its Non-Operated Williston Basin Assets for ~$110 Million

Halcón Resources Corporation (NYSE:HK) (“Halcón” or the “Company”) today announced it has entered into an agreement to sell its remaining non-operated assets in the Williston Basin to a private company for approximately $104 million in cash, subject to customary closing conditions and adjustments.  The effective date of the transaction is April 1, 2017 and is expected to close within 60 days.  These properties currently produce approximately 1,891 Bbl/d of oil,