CALIFORNIA

California - AB-1472 Public lands: assignments and transfers: oil, gas, and mineral leases.

SECTION 1. Section 6804 of the Public Resources Code is amended to read:   6804. (a)  A lease or permit issued under this chapter may be assigned, transferred transferred,  or sublet as to all or any part of the leased or permitted lands, and as to either a divided or undivided interest therein, or as to any separate and distinct zone or geological horizon or portion thereof, subject to approval by the commission,

Field Landman Seminar - June 29, 2017

Location: Stockdale Country Club 7001 Stockdale Hwy Bakersfield, CA 93309-1313 Date: June 29, 2017 Time: 7:00 AM – 10:00 AM Credits: 2.00 CEU Speaker: Chris Boyd CPL The AAPL invites you to attend a FREE Field Landman Seminar. Speakers and Topics: Chris Boyd, CPL “Can I make a career in California land work, or should I go back to school…again?”  REGISTER:  https://personify.landman.org/PersonifyEbusiness/Default.aspx?TabID=1356&productId=2619491

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

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

Chevron Announces Sale of Geothermal Operations

Chevron Corporation (NYSE: CVX) announced that its wholly-owned subsidiaries have entered into a sales and purchase agreement with Star Energy Consortium to sell Chevron’s Indonesian and Philippines Geothermal assets. “These assets deliver reliable energy to support the needs of Asia-Pacific’s growing economies,” said Jay Johnson, executive vice president, Upstream, Chevron Corporation.  “This sale is aligned with our strategy to maximize the value of our global upstream businesses through effective portfolio

SENTINEL PEAK RESOURCES NEWS  Sentinel Peak Resources Announces the Acquisition of Freeport-McMoRan’s Onshore California Assets for $742 Million

Sentinel Peak Resources (“SPR” or the “Company”), a private energy company, announced today that is has entered into an agreement with the oil and gas subsidiary of Freeport-McMoRan Inc. (NYSE: FCX), to purchase their onshore California assets for $592 million plus additional consideration of up to $150 million payable in certain circumstances based on a sustained crude oil price environment over $70/barrel Brent. SPR was formed in 2016 by Quantum

Freeport-McMoRan Announces Agreement To Sell Onshore California Oil & Gas Properties For $742 Million, Including Contingent Consideration

Freeport-McMoRan Inc. (NYSE: FCX) announced today a purchase and sale agreement to sell its onshore California oil and gas properties to Sentinel Peak Resources California LLC for total consideration of $742 million, including contingent consideration. Under the terms of the agreement, FCX will receive cash consideration of $592 million at closing and additional consideration of $50 million per annum in each of 2018, 2019 and 2020 if the price of

ROYALE ENERGY SIGNS LETTER OF INTENT TO MERGE WITH MATRIX OIL CORP

San Diego, July 25, 2016 – Royale Energy, Inc. (OTCQB: ROYL) Royale and privately held Matrix Oil Corporation jointly announced today that they have entered into a Letter of Intent to merge in a combined stock and assumption of debt transaction. The $41.5 million transaction remains subject to completion of due diligence reviews and customary definitive documentation and the approval of the shareholders of both companies. The companies seek to