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  • MERGERS & ACQUISITIONS

    SECTIONS: DEAL MONITOR | CORPORATE MERGERS | JVS

    Mergers & Acquisitions Deal Monitor News

    Newfield Exploration closes sale of Granite Wash assets

    Sep 23, 2014

    Newfield Exploration Co. has closed on the sale of its Granite Wash assets. As previously announced, the purchase price was $588 million (after-tax proceeds were $582 million). Proceeds will be used to call Newfield's 7-1/8% senior subordinated notes due 2018.

    Schramm and FEMCO partner in 24/7 rig service centers in shale regions

    Sep 23, 2014

    Schramm Inc., a manufacturer of land-based hydraulic drilling rigs, has formed a partnership with FEMCO, an aftermarket parts manufacturer and emergency repair services provider, to support its customers operating in North Dakota, South Dakota, and Texas, with 24/7 service centers for drilling rigs.

    Enbridge proposes to transfer $900M asset to Enbridge Energy Partners

    Sep 22, 2014

    Enbridge Inc. has proposed to transfer its 66.7% interest in the US segment of the Alberta Clipper Pipeline to its affiliate, Enbridge Energy Partners LP for $900 million.

    Risco Energy to acquire Galoc Field operator GPC for $101.4 million

    Sep 22, 2014

    Risco Energy Investments Pte. Ltd. report that the company has executed a sale and purchase agreement to acquire 100% of Galoc Production Co. WLL (GPC) from ASX-listed Otto Energy.

    Ramba to sell stake in Lemang PSC in Sumatra to Risco for $157.5M

    Sep 22, 2014

    Ramba Energy Ltd.’s board has signed a binding letter of offer with Risco Energy Investments Holding Pte. Ltd. (REI) to acquiare a 25% direct working interest in the Lemang production sharing contract (PSC) from Ramba’s Indonesian subsidiary, PT Hexindo Gemilang Jaya. The Lemang Block is located in the Riau and Jambi provinces of South Sumatra, Indonesia.

    PTTEP to acquire interest in Concession BM-ES-23 offshore Brazil

    Sep 22, 2014

    PTT Exploration and Production Public Co. Ltd. (PTTEP) reports that PTTEP Brazil Investments in Oil and Gas Exploration and Production Ltda. (PTTEP BL), a subsidiary of PTTEP, has entered into an agreement to acquire a 20% participating interest from Shell Brasil Petroleo Ltda. in Concession BM-ES-23 in Brazil.

    Greece ratifies Energean's licenses for Ioannina, Katakolon blocks

    Sep 22, 2014

    Energean Oil & Gas SA reports that the Greek Parliament has ratified its license agreements for hydrocarbon exploration and exploitation at the Ioannina and Katakolon blocks, Western Greece.

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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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