Louisiana

Samson Resources II to Sell Its East Texas and North Louisiana Assets to Rockcliff Energy II LLC for $525 MM

The Board of Directors of Samson Resources II, LLC (“Samson” or the “Company”) has approved the sale of the Company’s assets in East Texas and North Louisiana for a cash purchase price of $525.0 MM, subject to customary purchase price adjustments, to an affiliate of Rockcliff Energy II LLC (“Rockcliff Energy”), a privately held company headquartered in Houston, Texas. The sale is expected to close on September 29, 2017, with

EXCO Resources Executes Agreement to Divest South Texas Oil and Natural Gas Properties

EXCO Resources, Inc. (NYSE:XCO) (“EXCO” or the “Company”) announces the execution of a definitive agreement with a subsidiary of Venado Oil and Gas, LLC, an affiliate of KKR, to divest its oil and natural gas properties in South Texas. The purchase price of $300 million is subject to customary closing conditions and adjustments based on an effective date of January 1, 2017. The properties to be divested include the Company’s

Successful Gulf of Mexico Lease Sale Yields $275 Million in High Bids on 913,542 Acres in Central Planning Area

U.S. Secretary of the Interior Ryan Zinke today announced that Lease Sale 247 for oil and gas parcels in the Gulf of Mexico garnered $274,797,434 in high bids for 163 tracts covering 913,542 acres in the Central Planning Area of the Outer Continental Shelf offshore Louisiana, Mississippi, and Alabama. A total of 28 offshore energy companies submitted 189 bids. The sum of all bids received totaled $315,303,884. “Today’s strong sale

Oil and Gas Land Review, CPL/RPL Exam - Lafayette, LA - March 28-31, 2017

Format:  Review Location: University of Louisiana – Lafayette 214 Hebrard Blvd Lafayette, LA 70504-8400 Date:  March 28-31, 2017 Credits:  18.00 CEU & 1.00 CEU Ethics Speaker:  A. Frank Klam, CPL & Owen M. Barnhill, CPL & Thomas M. Rucker II, CPL SEMINAR DESCRIPTION – OIL AND GAS LAND REVIEW – March 28-31, 2017 The Oil and Gas Land Review is a fast-paced, intensive study of the topics covered by the CPL

COVEY PARK ANNOUNCES ACQUISITION OF ADDITIONAL HAYNESVILLE ASSETS FROM CHESAPEAKE ENERGY  FOR $465 MILLION

Dallas, February 15, 2017 – Covey Park Energy LLC  (“Covey Park”), a Dallas, Texas-based independent oil and gas exploration and production company, announced today the closing of the acquisition of additional assets located in the Haynesville shale area of North Louisiana from Chesapeake Exploration, LLC and related companies (“Chesapeake”) for $465 million. Covey Park funded a portion of the Chesapeake acquisition with additional equity investments from its existing investor Denham

SWIFT ENERGY ANNOUNCES SALE OF REMAINING 25% INTEREST IN CENTRAL LOUISIANA

Swift Energy Company (OTCQX: SWTF) (the “Company”) announced today that it has sold its remaining 25% interest in the Burr Ferry and South Bearhead Creek Fields in Central Louisiana. The net proceeds received by Swift Energy ($8.0 million, less customary closing adjustments) will be used to reduce the amount of borrowings under the Company’s credit facility which was approximately $212 million prior to receipt of these funds. Interim Chief Executive

CHESAPEAKE ENERGY CORPORATION ANNOUNCES AGREEMENT TO SELL SECOND HAYNESVILLE SHALE ACREAGE POSITION FOR $465 MILLION

Chesapeake Energy Corporation (NYSE:CHK) today announced that it has signed an agreement to sell a portion of the company’s acreage and producing properties in its Haynesville Shale operating area in northern Louisiana for approximately $465 million to an affiliate of Covey Park Energy LLC. The sale includes approximately 41,500 net acres and 326 operated and non-operated wells currently producing approximately 50 million cubic feet (mmcf) of gas per day, net

SWIFT ENERGY SHARPENS FOCUS ON EAGLE FORD & SWIFT ENERGY CLOSES LAKE WASHINGTON TRANSACTION

Swift Energy Company (OTCQX: SWTF) (the “Company”) announced today that it closed its previously announced divestment of the Lake Washington field in South East Louisiana. The net proceeds received by Swift Energy ($40.0 million, less customary closing adjustments) will be used to reduce the amount of borrowings under the Company’s credit facility which was approximately $245 million prior to receipt of these funds. SOURCE:  http://www.swiftenergy.com/file/Index?KeyFile=36939826   Swift Energy Company (OTCQX:SWTF)

CHESAPEAKE ENERGY CORPORATION ANNOUNCES AGREEMENT TO SELL FIRST OF TWO HAYNESVILLE SHALE ACREAGE POSITIONS FOR $450 MILLION

Chesapeake Energy Corporation (NYSE:CHK) today announced that it has signed an agreement to sell a portion of the company’s acreage and producing properties in its Haynesville Shale operating area in northern Louisiana for approximately $450 million to a private company. Included in the sale are approximately 78,000 net acres, 40,000 net acres of which the company considered as core acreage. The sale also includes 250 wells currently producing approximately 30

Covey Park Announces Acquisition of Additional Haynesville and Bossier Assets

Affiliates of Covey Park Energy LLC, a Dallas, Texas-based independent oil and gas exploration and production company, (“Covey Park”), announced today the acquisition of additional assets located in the Haynesville/Bossier shale areas of East Texas and North Louisiana. The assets are located primarily in Panola, Nacogdoches and San Augustine counties in Texas, and DeSoto, Bossier, and Sabine Parishes in Louisiana, and consist of approximately 139,000 gross and 90,000 net acres