Callon Petroleum Company has agreed to acquire certain US oil and gas assets from BSM Energy, Crux Energy, and Zaniah Energy.
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Located in Howard, Martin, Borden and Dawson counties in the Midland Basin, Texas, the oil and gas assets will extend Callon’s asset portfolio in Texas.
The acquisition will include a consideration of $301.48m, which will be funded by Callon through the issue of shares, cash in hand and borrowings.
Penn West Petroleum intends to raise approximately $23.39m through the sale of its non-core oil and gas assets in Alberta, Canada.
Scheduled for completion in the second quarter of 2016, the transaction will enhance the financial and corporate stability of Penn West.
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By GlobalDataPenn West has also disposed its non-core assets for $38.43m in another deal.
Pembina Pipeline Corporation has announced that it has increased the size of the previous public offering of preferred shares from six million to 10 million for raising $194.93m.
RBC Capital Markets and Scotiabank are underwriters for the issue, which is scheduled for completion on 27 April 2016.
The proceeds from the issue will be used to meet the capital expenditures and working capital requirements and to repay liabilities.
Stonepeak Infrastructure Partners is investing $500m in Sage Midstream Ventures to diversify its investment portfolio in the oil and gas industry.
Sidley Austin and Willkie Farr & Gallagher are the legal advisors to Stonepeak and Sage, respectively.
Image: Pembina Pipeline Corporation is a provider of transportation and midstream services. Photo: courtesy of Wilfra.
