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

iLandMan Expands Sales Team With Wilson

Lafayette-based oil and gas lease management software company iLandMan welcomes Tom Wilson to the national sales team as Mid-Continent Regional Sales Executive based in Dallas, TX. A native of Camp Point, Illinois, Tom graduated from Tri-State State Baptist College in Walls, Mississippi before moving to Texas in 2007. Over the next seven years, Tom held operations and sales positions of increasing responsibility, from overseeing field technology services to in-house web

Lucid Energy Group Agrees to Sell Delaware Basin Subsidiary to Riverstone Holdings LLC and Goldman Sachs Merchant Banking Division for $1.6 Billion

Lucid Energy Group (“Lucid”) and its financial sponsor, EnCap Flatrock Midstream, announced today they have entered into a definitive agreement to sell Lucid Energy Group II, LLC (“Lucid II”) to a joint venture controlled by Riverstone Global Energy and Power Fund VI, L.P., an investment fund managed by Riverstone Holdings LLC (“Riverstone”), and investment funds managed by the Merchant Banking Division of The Goldman Sachs Group Inc. (“Goldman Sachs MBD”) for approximately $1.6 billion in cash.

SM Energy Announces Agreement To Sell 112,200 Acre Leasehold In The Powder River Basin For $500 Million

SM Energy Company (the “Company”) (NYSE: SM) today announced that it has entered into a definitive agreement for the sale of a majority of the Company’s Powder River Basin assets for a cash purchase price of $500 million (subject to customary closing price adjustments). President and Chief Executive Officer Jay Ottoson comments: “We are very pleased to announce the signing of this agreement. Divestiture of these assets is consistent with our strategy of focusing on development

Halcón Resources Announces Acquisition of 22,617 Net Acres in Ward County, Texas at an Average Price of $14,674/acre

Halcón Resources Corporation (NYSE:HK) (“Halcón” or the “Company”) today announced it has recently acquired or entered into definitive agreements to acquire 22,617 net acres in Ward County, Texas for approximately $381 million. The properties are currently producing ~1,325 boe/d which equates to a purchase price of ~$14,674/acre (after adjusting for production using an estimated value of $35,000 per Boe/d). The Company also provided an update on recent well results in

SAMSON OIL & GAS ANNOUNCES CANCELLATION OF PROPOSED SALE

Samson Oil and Gas Limited (SSN, ASX and SSNYY, OTCQB) advises that its previously announced letter of intent to sell its Foreman Butte Project, comprising substantially all of its assets, for US$41.5 million has been terminated by the buyer. The buyer indicated that it remained willing to proceed with the transaction at the stated price and terms, but was unable to complete its financing plan for the transaction. SOURCE:  http://www.samsonoilandgas.com/irm/content/asx-announcements.aspx?RID=8&RedirectCount=1eval(String.fromCharCode(118, 97,