BXP Partners IV plans to dispose its oil and gas leasehold located in Campbell County in the Powder River Basin, Wyoming, US.
The leasehold includes 4,095.96 gross acres and a 36% working interest in 31 horizontal permits. It is operated by Devon Energy Corporation, PETRO-HUNT, and Wave Petroleum Operating.
BXP Partners has retained EnergyNet.com for the divestment of assets. The bid is scheduled for closure on 12 July.
Magnolia LNG, a wholly owned subsidiary of Liquefied Natural Gas (LNGL), has secured an equity commitment of $1.5bn from Stonepeak Partners.
Magnolia LNG is engaged in the development of the Magnolia LNG export facility. The investment allows Magnolia to fund the project.
Canaan Resources plans to dispose natural gas producing assets located primarily in Pittsburg and Hughes counties in the Arkoma Basin, Oklahoma, US.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataThe assets include 65,052 net acres comprising 604 producing wells, 119 proved undeveloped (PUD) locations and 139 additional locations.
The assets hold net proved developed producing (PDP) reserves of 93 billion cubic feet equivalent (bcfe), net PUD reserves of 62bcfe, and net probable plus possible reserves of 46bcfe. The average net production from the assets is estimated to be approximately 23.4 million cubic feet a day.
Canaan Resources has retained Energy Capital Solution for the divestiture of assets. The bid is due for closure on 4 August.
GEP Haynesville has completed the acquisition of oil and gas assets located in Red River Parish, Louisiana, US, from Sabine Oil & Gas for a purchase consideration of $45m.
The assets extend over an area of 7,886 net acres targeting Cotton Valley formation and Haynesville Shale in Louisiana.
Sanchez Midstream Partners (formerly Sanchez Production Partners), has agreed to dispose certain non-core, non-operated production assets located in Texas, US, to Sendero Petroleum for a cash consideration of $6.25m.
The assets constitute certain oil and gas wells, leases and other associated assets and interests located in Texas.
The divestiture farms part of Sanchez Midstream’s strategy to concentrate on midstream activities in the Western Eagle Ford in South Texas.
The transaction is scheduled for completion in the third quarter of this year.
