Tall City Exploration III has sold the Mesquite Prospect, which consists of 1,384 net acres, to Nostra Terra.
The acquisition increases Nostra Terra’s total net acreage in the Permian Basin, Texas, US, by 308%.
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Up to eight wells can be drilled horizontally on the leases at the Mesquite Prospect, which can host between 35 and 70 vertical well locations with 40 and 20-acre spacing, respectively.
Based in the US, Tall City Exploration III is engaged in the exploration and production of oil and gas assets, while Nostra Terra is a UK-based oil and gas company.
Tall City will hold 1/8th carried working interest in the first horizontal well at the Mesquite Prospect and receive $150,000 in cash consideration from Nostra Terra, as part of the transaction.
SemGroup Corporation has sold a 49% interest in Maurepas Pipeline to US-based investment firm Alinda Capital Partners for $350m.
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By GlobalDataThe Maurepas pipeline system comprises three separate transportation pipes in the Gulf Coast region of Louisiana to serve refineries.
The proceeds from the transaction will be used for paying SemGroup’s debt as well as for general corporate purposes.
The agreement also provides SemGroup with an option to buy back Alinda’s stake in Maurepas before the fifth anniversary of closing, after a two-year non-call period.
Based in the US, SemGroup is involved in the gathering, transportation and storage of oil, natural gas and other products across North America.
Oman Oil Company division Oman Oil Company Exploration and Production (OOCEP) has signed an agreement to sell a 10% interest in the Al Khazzan gas field to Petronas subsidiary PC Oman Ventures.
The Al Khazzan gas field is located in Block 61 gas project in Oman. It is expected to produce 1.5 billion cubic feet (bcf) of natural gas a day by 2020.
OOCEP owns a 40% stake in Block 61, whereas BP Oman holds the remaining 60%.
Private equity firm CSL Capital Management has entered a deal to acquire Weatherford International’s laboratory and geological analysis business for $205m to meet the growing needs of the energy customers.
The transaction is expected to be closed before the end of the year and the proceeds from thereof will be used to repay Weatherford’s debt.
Weatherford International is engaged in providing products and services for drilling, evaluation, and production of oil and natural gas wells, and for the construction of pipelines.
All the companies involved the transaction are based in the US.
