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  • MERGERS & ACQUISITIONS

    SECTIONS: DEAL MONITOR | CORPORATE MERGERS | JVS

    Latest M&A News

    NZOG, Octanex give up permit in Taranaki Basin

    Oct 1, 2014

    New Zealand Oil & Gas Ltd. (NZOG) reports that petroleum exploration permit 53473 in New Zealand's offshore Taranaki Basin has been returned to the Crown after the partners opted not to commit to drilling a well, which would have been required by March 2016.

    Edgo signs PSA for blocks in Tajikistan

    Oct 1, 2014

    Edgo Energy has secured licenses for the Qarordon and Surkhsimo (formerly called Karadum and Kyziltumshuq, respectively) blocks in Tajikistan, and has also signed a service agreement with Klarenco, a Moscow-based subsurface interpretation company.

    Apache declines option to farm-in permits in Australia

    Oct 1, 2014

    MEO Australia Ltd. reports that Apache Northwest Pty. Ltd. has elected not to exercise its option to farm-in to the AC/P50 and AC/P51 exploration permits in the Vulcan Sub-Basin offshore northern Australia.

    Dragon Oil, Enel secure exploration blocks in Algeria

    Oct 1, 2014

    Dragon Oil plc, in partnership with Enel Trade SpA, has been awarded two exploration blocks (perimeters) in Algeria – the Tinrhert Nord Perimeter and the Msari Akabli Perimeter.

    Murphy Oil sells interest in Malaysian assets for $2B

    Oct 1, 2014

    Murphy Oil Corp. reports that its wholly owned subsidiaries, Murphy Sabah Oil Co. Ltd. and Murphy Sarawak Oil Co. Ltd., have entered into an agreement with PT Pertamina Malaysia Eksplorasi Produksi to sell 30% of Murphy's Malaysian oil and gas assets for an aggregate sales price of $2 billion in an all cash transaction.

    Vanguard acquires Piceance properties, increases borrowing base

    Oct 1, 2014

    Vanguard Natural Resources LLC has closed on its acquisition of natural gas and liquids assets in the Piceance Basin in Colorado from Bill Barrett Corp. for an adjusted purchase price of $508.7 million. The effective date of the acquisition is July 1.

    PetroQuest sells Eagle Ford assets

    Oct 1, 2014

    PetroQuest Energy Inc. has completed the sale of its Eagle Ford assets for net proceeds of $9.7 million. 

    Bill Barrett sells Piceance, Powder River properties; adds Wattenberg acreage

    Oct 1, 2014

    Bill Barrett Corp. has closed the sale of its remaining position in the Gibson Gulch natural gas program in the Piceance Basin. The company also announced that it closed the final transaction of its sale of the majority of its Powder River Basin acreage, which included an acreage exchange adding 7,856 net acres to its position in the Northeast Wattenberg.  

    Enterprise acquires interest in Oiltanking for $4.6B, proposes merger

    Oct 1, 2014

    In transactions worth nearly $4.6 billion, Enterprise Products Partners LP has acquired a controlling interest in oil storage and terminal business of Houston-based Oiltanking Partners LP.

    BAS completes sale of Otway Basin permits, re-engages CEO

    Sep 30, 2014

    Bass Strait Oil has completed the sale of Otway Basin permits PEP 167 and PEP 175 in Australia, and has also re-engaged the company's CEO.

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    Monthly Update

    In the largest transaction from January 17 to February 16, Calgary-based Baytex Energy Corp. announced a $2.3 billion deal with Australian-listed Aurora Oil & Gas to capture a prized Eagle Ford position. On the conventional side, Occidental's $1.4 billion sale of its famous Kansas Hugoton field demonstrates the shifting nature of Big Oil's portfolios toward unconventional oil growth areas while some companies continue to buy long-lived gas.


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