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Chevron Agrees with Petrobras to Buy Pasadena Refinery System for $350 Million

Chevron U.S.A. Inc. (CUSA), a wholly owned subsidiary of Chevron Corporation (NYSE: CVX), today announced that it has signed a Share Purchase Agreement with Petrobras America Inc. (Petrobras) to acquire all the outstanding shares and equity interests of Pasadena Refining System, Inc., which includes the refinery in Texas, and PRSI Trading, LLC for $350 million, excluding working capital. Source link

QEP Resources Announces Agreement to Sell Uinta Basin Assets for $155 Million

DENVER, Nov. 19, 2018 (GLOBE NEWSWIRE) — QEP Resources, Inc. (NYSE: QEP) (“QEP” or the “Company”) announced today that its wholly owned subsidiaries, QEP Energy Company, QEP Marketing Company, and QEP Oil & Gas Company, have entered into a definitive agreement to sell natural gas and oil producing properties, undeveloped acreage and associated gas gathering and treating systems in the Haynesville/Cotton Valley for $735.0 million, subject to purchase price adjustments

Earthstone Energy Announces Northern Midland Basin Asset Acquisition for $950 Million and Preliminary 2019 Capital Expenditure Program and Operational Guidance

Dateline City: THE WOODLANDS, Texas Midland Basin Footprint to Increase by 69% and Approximately Double Both Current Production and Gross Operated Midland Basin Locations THE WOODLANDS, Texas–(BUSINESS WIRE)–Earthstone Energy, Inc. (NYSE: ESTE) (“Earthstone”) today announced that it has entered into an agreement (the “Agreement”) with Sabalo Holdings, LLC (“Sabalo Holdings”), whereby Earthstone will acquire all of Sabalo Holdings’ interests in Sabalo Energy, LLC (“Sabalo”) and Sabalo Energy, Inc., whose assets

Range Announces Appalachian Overriding Royalty Sale for $300 Million

FORT WORTH, Texas, Oct. 15, 2018 (GLOBE NEWSWIRE) — RANGE RESOURCES CORPORATION (NYSE: RRC) today announced that it has signed and closed on an agreement to sell a proportionately reduced 1% overriding royalty in its Washington County, Pennsylvania leases for gross proceeds of $300 million. Range’s Washington County properties encompass approximately 300,000 net surface acres that produced 1.7 Bcfe net per day in the second quarter of 2018.  The overriding

Comstock Resources, Inc. Announces Pricing of $850 Million Private Offering of Senior Unsecured Notes Due 2026

COMSTOCK RESOURCES, INC. ANNOUNCES PRICING OF $850 MILLION PRIVATE OFFERING OF SENIOR UNSECURED NOTES DUE 2026 FRISCO, TEXAS, July 20, 2018 – Comstock Resources, Inc. ("Comstock" or the "Company") (NYSE: CRK) announced today that its wholly-owned subsidiary, Comstock Escrow Corporation (the "Escrow Issuer"), has priced its previously announced offering of $850 million in aggregate principal amount of 9.75% new senior unsecured notes due 2026 (the "Senior Notes"). The Senior Notes will

Comstock Resources, Inc. Announces Haynesville Shale Acquisition

COMSTOCK RESOURCES, INC. ANNOUNCES PROPOSED $850 MILLION PRIVATE OFFERING OF SENIOR UNSECURED NOTES DUE 2026 FRISCO, TEXAS, July 13, 2018 – Comstock Resources, Inc. ("Comstock" or the "Company") (NYSE: CRK) announced today that, subject to market and other conditions, its wholly-owned subsidiary Comstock Escrow Corporation intends to offer for sale in a private placement under Rule 144A and Regulation S under the Securities Act of 1933, as amended (the "Securities

QEP Resources Announces Agreement to Sell Uinta Basin Assets for $155 Million

DENVER, July 10, 2018 (GLOBE NEWSWIRE) — QEP Resources, Inc. (NYSE:QEP) (“QEP” or the “Company”) announced today that its wholly owned subsidiary, QEP Energy Company, has entered into a definitive agreement to sell natural gas and oil producing properties, undeveloped acreage and related assets located in the Uinta Basin for proceeds of $155 million, subject to customary purchase price adjustments (the “Divestiture”). The agreement provides for the sale of QEP’s