Property Acquisitions & Divestitures News


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Shell Plans to Divest 1K Retail Sites in Shift to EV Charging
Shell plans to divest 500 retail sites annually over the next two years.
8:00 PM EST | March 17, 2024
BP Pulse Buys One of Europe's Largest Truck Stops
BP Pulse acquired the Ashford International Truckstop in Kent.
8:00 PM EST | March 17, 2024
Wood Mackenzie Looks at EQT-Equitrans Deal
Wood Mackenzie outlined that EQT Corporation's acquisition of Equitrans Midstream Corporation increases the natural gas company's 'dominant footprint in the Northeast'.
8:00 PM EST | March 14, 2024
Saudi Arabia Is in Talks to Add Top Wall Street Banks to Aramco Share Sale
Proceeds from a new offering could help fund big initiatives by Crown Prince Mohammed bin Salman to diversify the economy away from oil.
8:00 PM EST | March 13, 2024
DOE Looks to Purchase More Oil for SPR
'This is a continuation of DOE's strategy of consistent solicitations aimed at purchasing oil when it can purchase at a good deal for taxpayers'.
8:00 PM EST | March 12, 2024
Eni Completes Sale of Congo-Brazzaville Oil Assets to Perenco
The offloaded upstream assets are 'non-core to the Company strategy in the Country'.
8:00 PM EST | March 12, 2024
Paramount Sells Non-Core Assets, Lowers 2024 Sales Forecast
The company had previously forecast these assets to generate approximately 1,000 barrels of oil equivalent per day (boepd).
8:00 PM EST | March 11, 2024
EQT to Buy Mountain Valley Pipeline Owner for $5.5B
U.S. natural gas producer EQT Corp agreed to buy back former unit Equitrans Midstream Corp for about $5.5 billion in stock.
8:00 PM EST | March 10, 2024
YPF Says Fire Sale to Free Up $800MM for Shale Oil Push
State-run YPF SA said its sweeping plan to divest aging oil fields will free up hundreds of millions of dollars to invest in its shale push in the heralded Vaca Muerta formation.
7:00 PM EST | March 07, 2024
Morningstar Reveals Surprise at Diamondback-Endeavor Deal
'Diamondback was the eventual winner in what we believe to be a highly competitive bidding process,' Morningstar said.
7:00 PM EST | March 06, 2024
Hedge Funds Bet Chevron Overcomes Exxon Move to Close Hess Deal
Hedge fund managers that wagered billions on Chevron's October deal to buy Hess Corp. are sticking to their bets.
7:00 PM EST | March 05, 2024
TC Energy Sells PNGTS to BlackRock for $1.14 Billion
TC Energy agreed to sell the Portland Natural Gas Transmission System to Blacrock for $1.14 billion.
7:00 PM EST | March 05, 2024
Bonterra Closes Acquisition of Charlie Lake Asset
Bonterra Energy Corp. has closed the acquisition of an undeveloped Charlie Lake asset prospective for light oil, comprised of 79 net sections of land in Bonanza, Alberta.
7:00 PM EST | March 04, 2024
Sitio to Acquire Net Acreage in DJ Basin for $150MM
The transaction enhances the Denver-based company's Denver-Julesburg (DJ) Basin footprint.
7:00 PM EST | March 04, 2024
Oil Majors Frustrated by Slow Progress of Nigerian Asset Sales
Oil majors voiced their frustration at Nigeria's slow progress in approving asset sales in the West African nation.
7:00 PM EST | February 29, 2024
Exxon Plays Hardball With Chevron Over Guyana Oil Riches
It's rare for disputes between any of the world's supermajor oil companies to spill out in public.
7:00 PM EST | February 28, 2024
India Looks Elsewhere for Oil as USA Sanctions Crimp Russia Trade
Russia is still the dominant supplier to India.
7:00 PM EST | February 28, 2024
ExxonMobil to Sell Assets in Ursa Field to Esperanza
Newcomer Esperanza has entered a deal to acquire ExxonMobil's assets in the Ursa field in the U.S. Gulf of Mexico.
7:00 PM EST | February 27, 2024
Permian Merger Mania Spreads to the Bakken
Merger mania gripping the Permian Basin has spread to the Bakken in North Dakota, according to the Senior Vice President of Enverus Intelligence Research.
7:00 PM EST | February 26, 2024
Exxon Considers Pre-Emption Rights to Hess' Guyana Oil Stake
Exxon Mobil Corp. and Cnooc Ltd. are considering exercising rights to acquire Hess Corp.'s stake in a giant offshore oil development in Guyana.
7:00 PM EST | February 26, 2024
MCF Energy to Acquire Czech Gas Licenses
'This acquisition was driven by the opportunity to quickly start natural gas production by reopening three closed wells and using fifteen ready-to-drill sites in the NT Ridge area'.
7:00 PM EST | February 26, 2024
Benchmark Energy to Acquire 470 Wells in Anadarko
The acquisition is anticipated to expand Benchmark's portfolio, adding approximately 140,000 net acres in the prolific Western Anadarko Basin.
7:00 PM EST | February 20, 2024
Jadestone Doubles Stake in Western Australia Oil Fields
As a result of the $9 million transaction, Jadestone has doubled its non-operated working interest in the CWLH fields to 33.33 percent.
7:00 PM EST | February 14, 2024
Block Energy Seeks Partners for Georgia Gas Project
Block Energy launched a farmout process for the development of a group of gas assets in the Eurasian country of Georgia.
7:00 PM EST | February 13, 2024
Enverus Says Diamondback Deal Creates $60B Permian Pure Play
The Senior Vice President of Enverus Intelligence Research outlined that the deal launches Diamondback 'well past most peers'.
7:00 PM EST | February 12, 2024
Diamondback to Buy Endeavor for $26B in Oil Megadeal
Diamondback will fund the deal with 117.3 million shares and $8 billion in cash.
7:00 PM EST | February 11, 2024
UK's Ceraphi Acquires Former Shale Developer's Assets
CeraPhi Energy has acquired the business of Third Energy, a former shale gas development company planning to repurpose its existing wells into geothermal energy centers.
7:00 PM EST | February 08, 2024
California Resources to Buy Aera Energy in $2.1B Deal
Oil producer California Resources Corp. will buy Aera Energy LLC.
7:00 PM EST | February 07, 2024
Tellurian Eyes Upstream Asset Sale Under New Chairman
'Tellurian has been reviewing its strategy, including the dynamics of the U.S. natural gas market in the context of global LNG demand'.
7:00 PM EST | February 07, 2024
NOG Closes Northern Delaware, Appalachian Acquisitions
Northern Oil and Gas, Inc. has closed on both acquisitions of assets in the Northern Delaware Basin and the Appalachian Basin from undisclosed private sellers.
7:00 PM EST | February 07, 2024
Vital Closes Second Acquisition in Permian
The acquisition increases Vital Energy's working interest in 54 producing, low-decline wells by an average of 67 percent.
7:00 PM EST | February 06, 2024
Silver Hill to Enter Bakken with Liberty Acquisition
The acquisition, expected to close on March 14, will provide PDP reserves of approximately 16 million barrels of oil equivalent.
7:00 PM EST | February 04, 2024
Kumul Given More Time to Settle Payment of PNG LNG Stake Purchase
Santos has agreed to provide additional time for Kumul to pay the full purchase price of its stake acquisition in PNG LNG.
7:00 PM EST | February 01, 2024
Permian Resources Sells Non-Core Assets
Permian Resources gave up non-core assets in the Eagle Ford shale play while acquiring mostly-undeveloped acreage, in separate transactions it said will optimize its portfolio.
7:00 PM EST | January 31, 2024
TotalEnergies, Wenea Join Forces Eyeing to Lead Electric Transport in Spain
TotalEnergies Wenea signed an agreement to build a leading player in electric mobility in Spain by developing a network of high-power charging hubs.
7:00 PM EST | January 31, 2024
Oil and Gas Undergoing Historic Consolidation Wave
'Oil and gas is undergoing a historic consolidation wave'
7:00 PM EST | January 25, 2024
TotalEnergies Partners with European Energy on Nordic Offshore Wind
TotalEnergies signed a new agreement with European Energy to develop offshore wind projects in Denmark, Finland and Sweden.
7:00 PM EST | January 25, 2024
Chevron to Sell Canadian Shale Stake
Chevron is refocusing investment on tight assets in the US.
7:00 PM EST | January 25, 2024
CorEnergy Completes MoGas and Omega Pipeline Sales
Spire has acquired the MoGas and Omega pipeline systems for $175 million.
7:00 PM EST | January 23, 2024
W&T Closes Acquisition of 6 GOM Fields for $72MM
The acquisition provides 'strong producing properties' that are located adjacent to the company's existing operations area.
7:00 PM EST | January 22, 2024
Africa Oil Gets Government OK for Orange Basin Stake
Africa Oil has received final approval from the South African government for the transfer of a 6.25 percent interest in Block 3B/4B in the Orange Basin.
7:00 PM EST | January 22, 2024
Enfragen Sets Up HQ in Panama, Eyes Energy Transition in Region
The company also closed the acquisition of six assets in Panama and Costa Rica with a combined capacity of 188 MW of renewable energy.
7:00 PM EST | January 18, 2024
Shell to Sell Nigerian Onshore Subsidiary
Shell has reached an agreement to sell its Nigerian onshore subsidiary The Shell Petroleum Development Company of Nigeria Limited.
7:00 PM EST | January 16, 2024
Nostra Terra Teams Up with Cypress for Texas Wells
The two companies plan to use 3D seismic data set to jointly develop production growth opportunities across an expansive area of East Texas.
7:00 PM EST | January 16, 2024
Prairie to Acquire DJ Basin Assets of $94.5MM
Prairie said the transaction adds over 5,500 net leasehold acres and 62 fully permitted proven undeveloped (PUD) drilling locations.
7:00 PM EST | January 14, 2024
TotalEnergies to Up Stake in Namibia Venus Discovery
The move is 'a key step toward the development of Venus'.
7:00 PM EST | January 10, 2024
Evolution Petroleum Scoops Up Anadarko Assets for $43.5MM
Evolution said there is 'significant upside' associated with approximately 3,700 net acres in the plays with more than 300 gross undeveloped locations.
7:00 PM EST | January 09, 2024
Astara to Buy Calima's Alberta Assets for $56MM
Astara Energy Corp. is acquiring 100 percent interest in Blackspur Oil Corp., the Canadian subsidiary of Calima Energy Limited.
7:00 PM EST | January 08, 2024
TotalEnergies Completes Sale of Fuel Stations in Four EU States
'TotalEnergies will continue to supply fuel to the service stations in these four countries for at least five years'.
7:00 PM EST | January 08, 2024
APA Snaps Up Callon in $4.5B Deal
'The valuation looks attractive with Callon being acquired around the value of its existing production without paying a meaningful amount for the undeveloped acreage'.
7:00 PM EST | January 07, 2024