Oil News

Exploration & Production – News

Marketed: Bids Due Soon For Nonop Producing Core D-J Properties

Urban Oil & Gas Group is offering core D-J Basin nonoperated producing properties in Weld County, Colo. The offer includes potential Niobrara and Codell downspacing opportunities, according to Meagher Energy Advisors.

Bellatrix Unloads Noncore Cardium Assets To Tackle Debt

As part of the deal, Bellatrix has retained formation rights above and below the Cardium on the Pembina, Alberta, acreage, including the Notikewin, Falher and Wilrich members of the Spirit River Formation.

Range Resources Closes $4.2 Billion Merger With Memorial

The value of the all-stock transaction, which included the assumption of Memorial Resource’s debt, was about $200 million less than originally reported when the deal was announced May 16.

Statoil Wraps Up $96 Million Marcellus Sale To Antero

In the Marcellus, Statoil, based in Stavanger, Norway, retains its operated properties in Ohio and a 350,000 net acre nonoperated position.

Marketed: Stack/Scoop Mineral Acreage, Warpaint Resources

The offer consists of a 3,237 net mineral acre (NMA) position with exposure to rapidly developing resource plays led by top operators. Warpaint has retained Detring Energy Advisors as its exclusive adviser to handle the transaction.

Marketed: Operated Producing Appalachia Assets, Dorfman

The assets are located in Mahoning, Columbiana, Portage, Stark and Carroll counties, Ohio. The offer includes development opportunities in the horizontal Clinton Play and the Utica Shale, according to Clearinghouse.

Marketed: Bidding Open For New Mexico Lease Sale

The New Mexico State Land Office has 22 tracts covering 5,873.11 net mineral acres available for lease. The acreage is located in Chaves, Eddy, Lea, McKinley and Roosevelt counties.

Eagle Ford-Focused Penn Virginia Emerges From Bankruptcy

The Radnor, Pa.-based company is focused on maintaining a core position in the Eagle Ford Shale. Currently, Penn Virginia operates 296 active horizontal Eagle Ford wells plus 36 outside-operated wells.

Oklahoma Shuts More Wastewater Wells Following Earthquake

The U.S. Geological Survey said that the earthquake on Sept. 3 was the strongest on record in Oklahoma, Reuters reported.

EIA Releases New Estimates Of US DUCs

Current EIA estimates show DUC counts at the end of August totaling 4,117 in the four oil-dominant regions and 914 in the three gas-dominant regions that together account for nearly all U.S. tight oil and shale gas production.

Marketed: Anadarko’s Utah Gas Development, Midstream Assets

The assets are located in Carbon and Emery counties, Utah. The sale includes low-decline gas production, development and midstream opportunities, according to The Oil & Gas Asset Clearinghouse Clearinghouse.

Bayou City Energy Furthers Partnership With Stack Player Alta Mesa

Bayou City Energy has acquired a stake in High Mesa Inc., which holds interests in Alta Mesa Holdings, an established operator in Oklahoma’s Stack Play.