TPG Pace Energy Holdings Announces $2.66 Billion Business Combination with EnerVest’s South Texas Division to Form Publicly Traded Magnolia Oil & Gas Corporation

Formation of Magnolia creates a large-scale, oil-weighted, pure-play South Texas independent oil and gas operator Assets include top-tier positions in the Eagle Ford and Austin Chalk in the core of Karnes County and an extensive position in the Giddings Field, an emerging high-growth Austin Chalk play TPGE Chairman and CEO Steve Chazen will lead Magnolia on a full-time basis and reunite with another Occidental Petroleum veteran, Christopher Stavros, who will become CFO HOUSTON, March 20, 2018 – TPG Pace Energy Holdings

Fieldwood Energy Files Prepackaged Chapter 11 Cases and Announces Gulf of Mexico Acquisition

Fieldwood Energy LLC (together with its subsidiaries and certain affiliates, the “Company” or “Fieldwood”) announced today that it has filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code in the Bankruptcy Court for the Southern District of Texas as part of a “prepackaged” chapter 11 case. In connection with the filing, the Company entered into a Restructuring Support Agreement (“RSA”) with support from stakeholders


Marathon Oil Corporation (NYSE: MRO) announced today it has signed and closed on the sale of its subsidiary, Marathon Oil Libya Limited, which holds the Company’s 16.33 percent non-operated interest in the Waha concessions in Libya, to a subsidiary of Total S.A. (Elf Aquitaine SAS) for cash consideration of $450 million. The divestiture represents a complete country exit for Marathon Oil. “Today’s announcement to divest Libya at an attractive valuation continues the simplification and concentration of our portfolio to

Goodrich Petroleum Announces East Texas Asset Sale

Goodrich Petroleum Corporation (NYSE American: GDP) (the “Company”) today announced an asset sale, operational update and fourth quarter and year-end 2017 financial results. East Texas Asset Sale Enhances Liquidity The Company announced that it has closed on the sale of certain production, facilities, infrastructure and a portion of its acreage in the Angelina River Trend to BP America Production Company. The Company will use a portion of the proceeds from

Devon Energy Announces $553 Million Sale of Johnson County Assets

Devon Energy Corp. (NYSE: DVN) announced today it has entered into a definitive agreement to sell the southern portion of its Barnett Shale position for $553 million. The transaction is subject to customary terms and conditions and is expected to close in the second quarter of 2018. “Combined with other recent asset sales, divestiture proceeds associated with our 2020 Vision have now reached $1.0 billion,” said Dave Hager, president and CEO. “In conjunction with this asset

Mutual Termination of Sale of PVO to Saffron - Po Valley to Retain Prime Italian Assets

Following the announcement of 23rd January, 2018, the Boards of Po Valley Energy Limited (“Po Valley”) and Saffron Energy Plc (“Saffron”) have reached a mutual agreement to not proceed with the sale of Po Valley Operations Pty Ltd (“PVO”) and its northern Italian gas assets to Saffron for a consideration of 200 million Saffron shares. The mutual decision was reached following recent discussions with Po Valley’s tax advisers and the

J.L. Powers & Associates is excited to welcome Lucy Johnson to its team of consultants

Johnson is the former Deputy Assistant Secretary for Rural Outreach at the U.S. Department of Education. A Central Texas native, she served as Mayor of Kyle, Texas, from 2010-2014. “Lucy Johnson and I worked together often while both serving as elected officials in Hays County. She is a bright, passionate and effective leader,” says Jim Powers, CEO of J.L. Powers & Associates. “We are glad that she has made her

LINN Energy Announces Sale of Conventional West Texas Properties For $119.5 Million

LINN Energy, Inc. (OTCQB:LNGG) (“LINN” or the “Company”) announces that it has signed a definitive agreement to sell its interest in conventional properties located in west Texas to an undisclosed buyer for a contract price of $119.5 million, subject to closing adjustments. The properties to be sold consist of approximately 28,000 net acres in west Texas with 2017 net production of approximately 6,300 BOE/d, proved developed reserves of ~14.4 MMBOE(1) and

Pioneer Natural Resources Company Announces Plans to Divest South Texas, Raton and West Panhandle Assets

Pioneer Natural Resources Company (NYSE:PXD) (“Pioneer” or “the Company”) today announced that it plans to divest its properties in South Texas, Raton and the West Panhandle field. Pioneer’s predominant asset in South Texas is its Eagle Ford Shale acreage where the Company holds approximately 70,000 net acres. All of this acreage is held by production. The Eagle Ford assets being sold represent all of Pioneer’s 46% working interest in the play, including its producing wells and associated

J.L. Powers & Associates is proud to announce the addition of Robert Selders, Jr., to its growing team in the Dallas-Fort Worth Metroplex.

Selders is a community leader, entrepreneur and health advocate based in Garland, Texas. He currently serves as Trustee on the Garland ISD School Board, and is a member of the Texas Association of School Boards Leadership Class of 2018.   “Robert is an energetic and intelligent leader,” says Judge Jim Powers, CEO of J.L. Powers & Associates. “He is passionate about health and education, and is a great addition to our