Carrizo Oil & Gas Announces Closing of Delaware Basin Acquisition

HOUSTON, Aug. 11, 2017 (GLOBE NEWSWIRE) — Carrizo Oil & Gas, Inc. (Nasdaq:CRZO) today announced that it has completed the closing of the transactions contemplated by the purchase and sale agreement with ExL Petroleum Management, LLC and ExL Petroleum Operating Inc. (together, “ExL”). At closing, Carrizo purchased approximately 16,508 net acres located in the Delaware Basin in Reeves and Ward Counties, Texas. The previously-announced aggregate consideration for the transaction is approximately $648 million in cash, which includes the $75.0 million performance deposit previously paid by

Whiting Petroleum Corporation Announces $500 Million Sale of Fort Berthold Area Assets in North Dakota

Whiting Petroleum Corporation (the “Company”) (NYSE:WLL) has an agreement to sell its Fort Berthold Indian Reservation area assets located in Dunn and McLean Counties, North Dakota to RimRock Oil & Gas Williston, LLC. The cash purchase price is $500 million, subject to customary adjustments. Whiting will use the net proceeds from the sale to repay $500 million of its current $550 million bank debt. The effective and closing date of the sale is September 1, 2017. James J. Volker, Whiting’s Chairman, President and CEO, commented, “The

RIMROCK RESOURCE PARTNERS, LLC ANNOUNCES ACQUISITION OF SCOOP ASSETS

Rimrock Resource Partners, LLC (Rimrock) today announced that it has closed a $150 million acquisition of assets from an undisclosed seller. The oil and gas assets cover approximately 24,500 net leasehold acres that are 100 percent held by production, approximately 2,100 BOE/D, and 3,100 net mineral acres located predominately in the Golden Trend portion of the SCOOP play. In October 2015, Rimrock announced a $75 million funding commitment from Post Oak Energy Capital (Post Oak)

ConocoPhillips Completes Sale of San Juan Basin Assets

ConocoPhillips (NYSE: COP) today completed its previously announced transaction with an affiliate of Hilcorp Energy Company to sell its San Juan Basin assets for up to $3.0 billion of total consideration, comprised of $2.7 billion in cash and contingent payments of up to $300 million. After customary closing adjustments, the cash proceeds were $2.5 billion. The contingent payments portion is effective from Jan. 1, 2018, and has a term of six

Penn Virginia Announces Accretive Acquisition in Core Area

Penn Virginia Corporation (“Penn Virginia” or the “Company”) (NASDAQ:PVAC) today announced that it has entered into a definitive agreement to acquire Eagle Ford assets located primarily in Lavaca County, Texas for $205 million in cash from Devon Energy Corporation (“Devon”) (NYSE:DVN). The Company anticipates the acquisition will close on or before September 30, 2017, with an effective date of March 1, 2017. Penn Virginia expects the purchase price will be

Devon Energy Announces $340 Million of Non-Core Asset Sales

Devon Energy Corp. (NYSE: DVN) announced today it has entered into a definitive agreement to monetize its Lavaca County assets in the Eagle Ford play. Combined with other minor asset sales completed across its U.S. operations, proceeds from the company’s recently announced $1 billion divestiture program have now reached $340 million. The Lavaca County transaction is subject to customary terms and conditions and is expected to close by the end of 2017. “These highly-accretive

Samson Resources II to Sell Its East Texas and North Louisiana Assets to Rockcliff Energy II LLC for $525 MM

The Board of Directors of Samson Resources II, LLC (“Samson” or the “Company”) has approved the sale of the Company’s assets in East Texas and North Louisiana for a cash purchase price of $525.0 MM, subject to customary purchase price adjustments, to an affiliate of Rockcliff Energy II LLC (“Rockcliff Energy”), a privately held company headquartered in Houston, Texas. The sale is expected to close on September 29, 2017, with

QEP Resources Announces Acquisition of Properties in the Core of the Midland Basin

QEP Resources, Inc. (NYSE:QEP) (QEP or the Company) today reported second quarter 2017 financial and operating results. The Company also announced that its wholly owned subsidiary, QEP Energy Company, has entered into a definitive agreement to acquire crude oil and natural gas properties in the Permian Basin for an aggregate purchase price of $732 million, subject to customary purchase price adjustments (the “Acquisition”). 2017 PERMIAN BASIN ACQUISITION HIGHLIGHTS Adds approximately 13,800 net acres in Martin County,

Acquires 9,413 Net Acres in the San Andres Oil Play of the Permian Basin

Energy Hunter Resources, Inc., an exploration and production company with a balanced portfolio of oil and natural gas properties located in the Permian Basin and Eagle Ford Shale regions and headquartered in Dallas, Texas, announced today that it has entered into a definitive agreement with Lubbock Energy Partners, LLC to acquire approximately 9,413 net acres located in the San Andres oil play of the Central Basin Platform portion of the

APACHE ANNOUNCES STRATEGIC EXIT FROM CANADA

Apache Corporation (NYSE:APA) (Nasdaq:APA) announced today it will complete an exit from Canada upon the closing of three recent transactions. Apache has agreed to sell its Apache Canada Ltd. subsidiary to Paramount Resources Ltd. (TSX:POU). This includes properties located principally in the provinces of Alberta and British Columbia. In a separate transaction signed in June, Apache agreed to sell its Provost assets in Alberta to an undisclosed privately owned company. Also in June, Apache sold its assets at Midale and House Mountain, located in Saskatchewan and Alberta, to Calgary-based Cardinal