Eclipse Resources said today it’s signed a deal with Travis Peak Resources for oil and gas leases, wells and other rights and interests covering roughly 44,500 net acres in Pennsylvania’s Tioga and Potter counties for $93.7 million in stock.
Year-old oil and gas producer Chisholm Energy Holdings, backed by a $500 million equity credit line from private equity firm (PEF) Warburg Pincus, said Thursday it signed a deal to acquire undeveloped acreage from start-up Resource Rock Exploration, backed by PEF Kayne Anderson Energy Funds.
Greylock Energy has acquired substantially all of the Appalachian Basin gas production and midstream assets of West Virginia-based Energy Corporation of America in a recent deal, Kallanish Energy reports.
Two Colorado-based drilling companies are merging in a $649 million deal, Kallanish Energy reports. Denver-based Bill Barrett Corp. and Fifth Creek Energy will become subsidiaries of a new publicly traded holding company.
India's Tata Steel has informed the Indian stock exchange it has “… executed definitive agreements to acquire 74% equity shares of Bhubaneshwar Power Private Ltd. (BPPL) from JL Power Ventures Private Ltd.”
Russian independent gas producer Novatek announced on Wednesday the purchase of two assets from AR Oil & Gas, a joint venture between Spain’s Repsol and Russia’s Neftegazholding, Kallanish Energy learns.
Preferred Proppants on Monday announced certain of its subsidiaries have sold its Bloomer, Wis., sand plant, access to frac sand reserves through lease agreements and royalty rights, as well as corresponding facilities and equipment to Frontier Sand for cash and future consideration.
Carl Icahn last week ripped SandRidge Energy for adopting a poison pill strategy the billionaire activist investor said is designed to quash dissent from shareholders opposed to the company's purchase of fellow driller Bonanza Creek Resources.
Calgary-based Enbridge which following its acquisition of San Diego, Calif.-based Sempra Energy is now North America’s largest energy infrastructure company, last week announced plans to sell $2.3 billion of non-core assets.