Mergers & Acquisitions Deal Monitor News

    Drillsearch ups stake in Ambassador to 84.2%

    Aug 29, 2014

    Drillsearch Energy Ltd. has acquired a relevant interest in 84.2% of Ambassador Oil and Gas. Following this transaction, Ambassador appointed Jim McKerlie and Brad Lingo as directors of the company, and Jean Moore as company secretary, being nominees of Drillsearch.

    Crew Energy sells Alberta assets for C$150M

    Aug 29, 2014

    Crew Energy Inc., of Calgary, Alberta, Canada, has entered into a purchase and sale agreement to dispose of its Princess, Alberta, asset for C$150 million, allowing the company to sharpen its focus on the development of its core Montney assets in Northeast British Columbia.


    YPF and Petronas to develop Vaca Muerta shale oil in Argentina

    Aug 29, 2014

    Argentina's state-controlled energy company YPF has reached a deal worth $550 million with Malaysia's state oil firm Petronas to develop shale oil in Argentina’s Vaca Muerta shale formation, which is considered to be one of the world’s largest, according to a Reuters report.

    Raptor Petroleum II to sell Permian Basin properties

    Aug 29, 2014

    Raptor Petroleum II LLC has retained E-Spectrum Advisors LLC to sell its properties targeting the Mississippian in Borden, Garza, Kent, Nolan, and Scurry counties, Texas.

    Constellation’s board of managers approves plan of conversion to limited partnership

    Aug 29, 2014

    Constellation Energy Partners LLC reports that its board of managers has approved a plan of conversion pursuant to which the company would convert from a Delaware limited liability company to a Delaware limited partnership named Sanchez Production Partners LP.

    Radiant acquires additional acreage in Louisiana

    Aug 28, 2014

    Radiant Oil & Gas Inc. has acquired the Garnet project, a 1,000-acre field in St. Mary Parish, Louisiana, originally discovered and developed by Sun Oil Co.

    Strike Energy secures Block CO2013-B in South Australia's Cooper Basin

    Aug 27, 2014

    Strike Energy Ltd. has been successful in its application for Block CO2013‐B in the Cooper Basin exploration acreage release by the Government of South Australia.

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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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