Mexico’s energy regulator on Dec. 11 canceled two oilfield auctions scheduled for February, after the new leftist government said it would not hand over more resources to private companies until they proved themselves as producers.
The National Hydrocarbons Commission, which runs the auctions and supervises contracts, also said it had delayed until Oct. 9 auctions for joint ventures known as farm-outs between state oil firm Pemex and private players.
Titan Energy retained PetroDivest Advisors for the sale of producing properties, gathering systems and leasehold in the Mississippi Lime play across Oklahoma.
323 Exploration retained EnergyNet for the sale of more than 12,000 net leasehold acres in West Texas through a sealed-bid offering.
Ventana Partners retained RedOaks Energy Advisors for the sale of nonoperated properties located primarily in the Delaware Basin.