delaware

Oasis Petroleum Announces Delaware Basin Acquisition and Provides Operational Updates

Oasis Petroleum Inc. (NYSE: OAS) (“Oasis” or the “Company”) today announced it has entered into a definitive purchase and sale agreement with Forge Energy, LLC (the “Seller”) to acquire 20,300 net acres in the Delaware Basin (the “Permian Assets”) for approximately $946 million, consisting of approximately $483 million in cash and 46 million shares of the Company’s common stock (the “OAS Shares”) valued at approximately $463 million as of the close of trading on December 8, 2017 (the

ExxonMobil Acquires Crude Oil Terminal to Serve Growing Permian Basin Production

Exxon Mobil Corporation (NYSE:XOM) announced today that it has acquired a crude oil terminal in Wink, Texas from Genesis Energy LP. The terminal is located in the rapidly growing Delaware Basin, part of Permian Basin – one of the most prolific plays in the United States. The terminal is strategically positioned to handle Permian Basin crude oil and condensate for transport to Gulf Coast refineries and marine export terminals. The facility

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

Carrizo Oil & Gas Announces Conference Call to Discuss Recently-Announced Delaware Basin Acquisition

Carrizo Oil & Gas, Inc. (Nasdaq:CRZO) will hold a conference call to discuss the Company’s recently-announced Delaware Basin acquisition from ExL Petroleum Management, LLC (ExL) on Friday, July 7, 2017 at 9:00 AM Central Daylight Time. Date & Time: Friday, July 7 at 9:00 AM CDT Dial-In Number: (800) 695-3979 (U.S. & Canada) +1 (303) 223-2686 (Intl.) Telephone Replay Number: (800) 633-8284 (U.S. & Canada) +1 (402) 977-9140 (Intl.) Enter Replay Reservation #:

Abraxas Announces Acquisition of 2,008 Net Wolfcamp/Bone Spring Acres

May 23, 2017– Abraxas Petroleum Corporation (“Abraxas” or the “Company”) (NASDAQ:AXAS) today announced the signing of a definitive agreement to acquire 2,008 net acres and 33 Boepd in Ward County, Texas prospective for the Wolfcamp/Bone Spring. Highlights include: Definitive agreement signed to acquire 2,008 net acres and 33 Boepd (91% natural gas) in Ward County prospective for the Bone Spring and Wolfcamp for $22.2 million Up to four identified zones

Devon Energy Announces $1 Billion Divestiture Plan

Devon Energy Corp. (NYSE: DVN) announced today its intent to divest approximately $1 billion of upstream assets across its portfolio. The non-core assets identified for monetization include select portions of the Barnett Shale focused primarily around Johnson County and other properties located principally within the company’s U.S. resource base. Devon expects to commence the divestiture program in the second quarter of 2017 and complete the sale process over the next

CP EXPLORATION SELLS DELAWARE BASIN ASSETS TO RESOLUTE ENERGY FOR $160 MILLION

Private oil and gas company CP Exploration (CPX) announced today that it has closed the sale of certain Delaware Basin assets to Resolute Energy Corporation (NYSE: REN) for $160 million. The assets include approximately 2,200 net acres in the core of the southern Delaware Basin, and approximately 2,400 net, undeveloped acres in the Alpine High. The primary asset, located near the town of Orla, Texas in Reeves County, was a

Marathon Oil Announces $700 Million Northern Delaware Acquisition

Marathon Oil Corporation (NYSE: MRO) announced today the signing of a definitive agreement to acquire approximately 21,000 net surface acres largely in the Permian’s Northern Delaware basin of New Mexico from Black Mountain Oil & Gas and other private sellers for $700 million in cash, excluding closing adjustments. “Today’s 21,000 acre bolt-on in the Northern Delaware is an excellent fit with the basin entry acquisition we announced earlier this month.

Marathon Oil Announces $2.5 Billion Canadian Oil Sands Divestiture and $1.1 Billion Permian Basin Acquisition

Marathon Oil Corporation (NYSE: MRO) announced today it has signed an agreement to sell its Canadian subsidiary, which includes the Company’s 20 percent non-operated interest in the Athabasca Oil Sands Project (AOSP), to Shell and Canadian Natural Resources Limited for $2.5 billion in cash, excluding closing adjustments. Marathon Oil also announced the signing of a definitive agreement to acquire approximately 70,000 net surface acres in the Permian basin from BC

RESOLUTE ENERGY CORPORATION ANNOUNCES $160 MILLION DELAWARE BASIN ACQUISITION

Resolute Energy Corporation (“Resolute” or the “Company”) (NYSE: REN) today reported that it has entered into a definitive agreement (the “Acquisition Agreement”) with undisclosed private sellers (together, “Sellers”) to acquire producing and undeveloped oil and gas properties in Reeves County, Texas (the “Properties”) for a purchase price of $160 million. The transaction is expected to close on or about May 15, 2017, subject to customary conditions. Acquisition highlights: Acquiring approximately