Concho Resources Inc. to Acquire RSP Permian, Inc. in All-Stock Transaction

Concho Resources Inc. (NYSE: CXO) and RSP Permian, Inc. (NYSE: RSPP) today announced they have entered into a definitive agreement under which Concho will acquire RSP in an all-stock transaction valued at approximately $9.5 billion, inclusive of RSP’s net debt. The consideration will consist of 0.320 shares of Concho common stock for each share of RSP common stock. The transaction was unanimously approved by the board of directors of each company. This press

Pioneer Natural Resources Company Announces Sale of Selected Eagle Ford Shale Acreage for $102 Million

Pioneer Natural Resources Company (NYSE:PXD) (“Pioneer” or “the Company”) today announced that it has signed a purchase and sale agreement with Sundance Energy, Inc. to sell approximately 10,200 net acres in the western portion of Pioneer’s Eagle Ford Shale acreage position for $102 million, subject to normal closing adjustments. The acreage is located in Atascosa, LaSalle, Live Oak and McMullen Counties, Texas. Current net production is approximately 1,100 barrels of oil equivalent per day. After the sale closes, which is expected during the

SM ENERGY ANNOUNCES AGREEMENTS TO SELL ADDITIONAL NON-CORE ASSETS FOR $292 MILLION, CORING UP AND BRINGING DOWN NET DEBT

SM Energy Company (the “Company”) (NYSE: SM) today announced that it has entered into two definitive agreements, one for the sale of the Company’s remaining assets in the Williston Basin located in Divide County, North Dakota, and one for the sale of its third-party operated assets known as Halff East located in Upton County, Texas for combined proceeds of $292.3 million (subject to certain agreed upon closing price adjustments). The

Venado Oil & Gas and KKR Acquire Cabot Eagle Ford Assets

Venado Oil and Gas, LLC (“Venado”) and KKR today announced that they have closed on the acquisition of the operated and non-operated Eagle Ford assets of Cabot Oil & Gas Corporation (NYSE: COG) for a purchase price of $765 million, subject to customary closing adjustments. Venado and KKR acquired interests which include approximately 303 gross/203 net wells and 74,400 net acres situated primarily in the Eagle Ford oil window of

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 ANNOUNCES LIBYA DIVESTITURE FOR $450 MILLION

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