Production Enhancement Group Inc., Houston, (Toronto: WIS) has entered a joint venture in Mexico with Mexicobased Grupo Creatica SA de CV. The joint-venture company will be 51% owned by Grupo Creatica and will market, sell and support well-intervention systems and services. The company will firs construct six coiled-tubing units funded by or through Grupo Creatica. PEG chief executive Philip Crawford says, “This joint venture, the second we have announced in the fourth quarter, continues our plan to deploy Wise technology in major energy markets around the world by partnering with successful energy-services organizations in key international markets.”
Chart Talk: Chesapeake CEO on Eagle Ford Divestment
2023-02-06 - At the 2023 NAPE summit, Chesapeake Energy CEO Nick Dell’Osso explained the reasoning behind the company’s Eagle Ford asset divestiture.
Marketed: Foundation Energy Fund III-A 441-Property Package
2023-01-09 - Foundation Energy Fund III-A LP et al retained EnergyNet for the sale of a non-operated, WI, RI and ORRI 441-property package located in various counties in Arkansas and Oklahoma.
Marketed: Crimson Resources II Eagle Ford Operated Properties
2023-02-06 - Crimson Resources II LLC has retained RedOaks Energy Advisors as the exclusive advisor in connection with the sale of certain operated properties located in the Eagle Ford.
Marketed: CrossRoads Horizon and Paladin Oil Non-Op WI Assets
2023-01-31 - CrossRoads Horizon LLC and Paladin Oil LLC retained EnergyNet for the sale of a non-operated working interest in three J. H. Kurth Jr. B-lease wells located in Newton County, Texas, and operated by Foundation Energy Management.
Carrier Energy Partners Divests Eagle Ford Assets for $145 Million
2023-03-07 - Carrier Energy’s Eagle Ford Shale Divestment closes out the company’s interests in the play and represents a sale of the company’s remaining assets, which previously including Permian Basin holdings.