DCC subsidiary DCC Energy has agreed to acquire the Norwegian retail petrol station network (Esso Retail Norway), from Esso Norge (Esso), a subsidiary of Exxon Mobil Corporation. The deal involves a cash consideration of $292m.
The Esso Retail Norway operates a network of 142 company-operated sites and has contracts to supply 108 Esso-branded dealer owned stations.
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Upon completion of the transaction, DCC Energy will take over the operatorship of approximately 1,000 retail petrol stations across Europe and will supply fuel to approximately 2,000 dealer-owned stations.
Scheduled for completion in 2017, the acquisition will allow DCC Energy to extend its fuel retailing operations in Norway.
Parsley Energy has agreed to acquire certain undeveloped acreage and producing oil and gas assets located in Midland Basin, Texas, US, from Double Eagle Energy Permian.
The $2.8bn deal will be funded by Parsley Energy through a combination of cash and issuance of shares.
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By GlobalDataThe assets extend over an area of approximately 167,000 gross acres, including 23 drilled uncompleted wells and approximately 7,300 gross (3,300 net) horizontal drilling locations.
Scheduled for completion on or before 20 April, the deal will expand Parsley Energy’s asset base in Permian Basin, by increasing its acreage in the Permian Basin to approximately 227,000 acres.
Eros Resources has signed a farm-in agreement with Westcore Energy to acquire a certain stake in three vertical wells in the Flaxcombe heavy oil field located in Saskatchewan, Canada. The deal involves a purchase consideration of $1.23m.
Located 30km west of Kindersley, Saskatchewan, the Flaxcombe field contains four producing wells and three additional standing well-bores and shut-in production. The drilling programme at the field is anticipated to begin by mid-February.
The deal will allow Eros Resources to expand its oil and gas asset portfolio in Saskatchewan.
Contact Energy intends to raise $54.83m through the issue of unsecured, unsubordinated fixed-rate bonds, due 15 November 2022, to institutional investors and retail investors in New Zealand.
The company has an option to assume oversubscriptions of up to $18.27m in the private placement. Forsyth Barr and Westpac Banking Corporation (New Zealand branch) are the joint lead managers, while Deutsche Craigs is the co-manager to Contact Energy for the offering.
The offering is scheduled to open on 13 February and the proceeds from the issue are intended to be used by the company for the refinancing of a bond, due on 13 April, as well as general corporate purposes.
Angus Energy has agreed to buy a 12.5% economic interest in PEDL143 located in the Weald Basin, southern England, UK, from Europa Oil & Gas, through its wholly owned subsidiary Angus Energy Weald Basin No.3.
The purchase consideration is intended to be funded by Angus Energy through the amount raised from an equity offering.
The PEDL143 comprises the conventional Holmwood prospect with estimated gross mean unrisked prospective resources of 5.6mmbbls.
The deal will allow Angus Energy to strengthen its onshore asset base in the UK.
