Tallgrass Terminals LLC has completed the acquisition of an additional 49% stake in Deeprock Development crude oil terminal for approximately $70m. 

Located in Cushing, Oklahoma, US, the Deeprock terminal has a storage capacity of 2.3 million barrels of oil.

The terminal is owned by Tallgrass Terminals (69%), Deeprock Energy Resources LLC (20%), and Kinder Morgan Inc (11%). 

Pinedale Energy Partners LLC has agreed to acquire natural gas assets in the Pinedale Anticline field in Sublette County in the Green River Basin, Wyoming, US, from QEP Resources Inc for $740m.

The assets extend over an area of approximately 17,400 net acres. Net production from the assets was approximately 234 million cubic feet of gas a day during the first quarter of 2017.

Pinedale Energy has appointed Wells Fargo Securities LLC and Baker Botts LLP as financial and legal advisors for the transaction respectively.

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Proceeds from the sale are intended to be used by QEP to reduce its debt, and finance future development projects and acquisition opportunities. 

Scheduled for completion by 30 September 2017, the deal will allow Pinedale Energy to extend its assets portfolio in Wyoming.

PentaNova Energy Corp (formerly known as PMI Resources Ltd) intends to raise $15.95m through the issue of subscription receipts at a price of $0.64 each.

"Net production from the assets is estimated to be approximately 41 million cubic feet a day."

Each subscription receipt will allow the holder to exchange it with a unit of the company simultaneously, closing the acquisition of the outstanding shares of Patagonia Oil Corp. 

Each unit will include one share and one share purchase warrant exercisable into one additional share at a price of $0.84 a share for a period of five years.

EOG Resources Inc intends to dispose of certain oil and gas assets in the Greater Green River Basin, Colorado, Utah, Wyoming, US.

The assets include average 83% working interest in approximately 335,000 net acres of land and more than 750 drilling locations. Net production from the assets is estimated to be approximately 41 million cubic feet a day.

EOG Resources will exit its operations from Green River Basin, upon completion of the transaction.

BMO Capital Markets is the financial advisor for the sale.

Vintage Energy Pty Limited has agreed to acquire up to 50% working interest in PEL 155 licence in Otway Basin, Australia, from Rawson Oil and Gas Limited.

Vintage Energy will initially acquire a 25% interest in the licence in exchange of $80,000, while the remaining 25% will be acquired upon fulfilment of certain further conditions.

The licence extends over an area of 226km² (55,846 acres) and enables both conventional and unconventional exploration. 

Vintage Energy will hold a 50% stake and Rawson Oil and Gas will own 50% interest in the license, upon completion of the deal.