Encana  announces agreement to sell its Piceance natural gas assets

Encana Corporation (Encana) (TSX:ECA) (NYSE:ECA) announced today that its wholly-owned subsidiary, Encana Oil & Gas (USA) Inc., has reached an agreement to sell its Piceance natural gas assets, located in northwestern Colorado, to Denver-based Caerus Oil and Gas LLC (Caerus). Total cash consideration to Encana under the transaction is $735 million. In addition, Encana will reduce its midstream commitments by approximately $430 million, on an undiscounted basis, and will market

Denbury Resources to Acquire Interest in Rockies CO2 Flood

Denbury Resources Inc. (NYSE:DNR) (“Denbury” or the “Company”) today announced that it has entered into a definitive agreement with certain subsidiaries of Linn Energy, Inc. to acquire their 23% non-operated working interest in Salt Creek Field in Wyoming for $71.5 million.  Denbury plans to initially fund the acquisition with its bank line, but anticipates this cost would ultimately be offset through the sale of non-productive surface acreage ideally suited for

LINN Energy Announces Exit From California With Brea Asset Sale of $100 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 the Los Angeles Basin to an undisclosed buyer for a contract price of $100 million, subject to closing adjustments, with an additional $7 million contingent payment if certain operational requirements are satisfied within one year. The net proceeds from the sale are expected to be

TRILOGY ENERGY CORP. COMPLETES SALE OF CERTAIN ASSETS IN THE GRANDE PRAIRIE AREA OF ALBERTA FOR $50 MILLION

Trilogy Energy Corp. (“Trilogy”) (TSX – TET) is pleased to announce that it has completed its previously announced sale of certain Valhalla assets in the Grande Prairie area of Alberta for cash consideration of $50 Million, with the proceeds to be used to reduce Trilogy’s indebtedness under its revolving credit facility. SOURCE:  http://trilogyenergy.mwnewsroom.com/Files/84/84608533-5743-44d4-9051-d97de512cc76.pdf

LINN Energy Closes on the Jonah Sale, Announces Amendment to Credit Agreement and Authorization of Initial Share Repurchase Program

LINN Energy, Inc. (OTCQB:LNGG) (“LINN” or the “Company”) today announces closing on the sale of its assets in the Jonah Field and Pinedale Anticline in Wyoming (the “Jonah Sale”). The Company also announces it has fully repaid and retired its LIBOR +750 Term Loan due 2021 and amended its Revolving Credit Agreement effective May 31, 2017. In addition, the Company’s Board of Directors (the “Board”) has authorized a share repurchase

Abraxas Announces Acquisition of 2,008 Net Wolfcamp/Bone Spring Acres

May 23, 2017– Abraxas Petroleum Corporation (“Abraxas” or the “Company”) (NASDAQ:AXAS) today announced the signing of a definitive agreement to acquire 2,008 net acres and 33 Boepd in Ward County, Texas prospective for the Wolfcamp/Bone Spring. Highlights include: Definitive agreement signed to acquire 2,008 net acres and 33 Boepd (91% natural gas) in Ward County prospective for the Bone Spring and Wolfcamp for $22.2 million Up to four identified zones

LINN Energy Announces Sale of Salt Creek for $71.5 Million and Extinguishes All Debt Pro-forma of Announced Transactions

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 the Salt Creek Field in Wyoming to Denbury Resources Inc. for a contract price of $71.5 million, subject to closing adjustments. This sale represents the second executed agreement of the Company’s non-core divestiture program. LINN continues to market the previously announced non-core asset sales and

Quantum Energy Partners Announces the Formation of Middle Fork Energy Partners, LLC

Quantum Energy Partners (“Quantum”), a leading energy private equity firm, is pleased to announce the formation of Middle Fork Energy Partners, LLC (“Middle Fork” or the “Company”) with its founders Christopher L. Valdez (“Valdez”) and Jeffrey E. Wojahn (“Wojahn”, and together with Valdez, the “Founders”).  Quantum and members of the Middle Fork management team have collectively made initial capital commitments in excess of $200 million to the Company. Middle Fork,

LINN Energy Announces the Sale of a Portion of Its California Assets for $263 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 the San Joaquin Basin, California to an undisclosed buyer for a contract price of $263 million, subject to closing adjustments. This sale represents the first executed agreement of the Company’s non-core divestiture program. LINN continues to market the previously announced non-core asset sales and there