BNK Petroleum sells Woodford assets to accelerate Caney formation drillingBNK Petroleum Inc. has entered into a Purchase and Sale Agreement with XTO Energy Inc. for the sale by BNK US of its Tishomingo Field, Oklahoma assets other than the Caney and upper Sycamore formations, for US$147.5 million. |
ExxonMobil adds to North American shale portfolio with Celtic Exploration acquisitionExxonMobil will add to its liquids-rich North American unconventional portfolio as an affiliate of ExxonMobil Canada acquires Celtic Exploration Ltd. |
Denbury swaps Bakken oil shale acreage with ExxonMobil for CO2 resourcesExxon Mobil Corp. has signed an agreement with Denbury Resources that increases its production acreage in the Bakken Shale and allows Denbury to increase its CO2 enhanced oil recovery efforts. |
Gravis Oil proposes merger with Petro River OilGravis Oil Corp. has entered into a non-binding letter of intent with Petro River Oil LLC, a privately held Delaware limited liability company that would result in Gravis acquiring Petro for common stock, the name of Gravis changed and the company redomiciled to Delaware. |
Deal activity driven by strategic and strong buyersDomestically, deal activity and valuations remain at healthy levels as buyers continue to execute on their strategic game plans and sellers adjust their portfolios toward optimal levels. |
Energy Transfer Partners enters Woodford, Barnett Shale midstream agreement with XTOEnergy Transfer Partners LP announced October 20 that it has entered into a long-term, fee-based agreement with XTO Energy to provide natural gas gathering, processing and transportation services from both the Woodford and Barnett Shale regions. |
Weekly Update: ExxonMobil ups the stake in its US natural gas bet |
ExxonMobil increases Marcellus Shale holdings by acquiring private cosExxonMobil has added to its Marcellus Shale acreage with the purchase of two privately held oil and gas operators, Phillips Resources Inc. and TWP Inc., for roughly $1.69 billion. |