EV Energy Partners (EVEP) has completed the acquisition of Eagle Ford shale oil and natural gas properties located in Karnes County, Texas, US.
The $58.7m transaction was funded by the company through the amount raised from Barnett Shale natural gas assets and borrowings under its revolving credit facility.
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The Eagle Ford shale properties produce at a rate of 1,000boed. The net proven and proven plus probable reserves of the properties are estimated to be approximately 6.4mmboe and 7.7mmboe respectively.
The deal allows EVEP to expand its oil and gas assets portfolio in Eagle Ford shale, Texas.
EP Energy plans to raise $600m through the issue of senior secured notes due 2025 in a private placement, through its wholly owned subsidiary Everest Acquisition Finance.
The notes will be offered to qualified institutional investors and the proceeds are intended to be used to repay the company’s senior secured term loans, due 2021.
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By GlobalDataPetrogas Company has completed the acquisition of a stake in six producing oil and gas wells located in Carter and LeFlore counties, Oklahoma, and Brazos and Fayette counties, Texas, US.
BP America Montgomery Exploration Company and EnerVest are the operators of the wells.
The deal allows Petrogas to raise its oil and gas assets base in Oklahoma and Texas.
Sigmund Oilfields plans to farm out interest in Oil Prospecting Lease (OPL) 2122 located in Nigeria.
The divestiture will allow Sigmund Oilfields to obtain investment for drilling an appraisal well.
Wibax has completed the acquisition of Pietarsaari terminal located in Jakobstad, Finland, from Neste Corporation.
The deal allows Wibax to increase the efficiency of its logistics operations.
