Beacon E&P retained Meagher Energy Advisors for the sale of certain nonoperated assets in Oklahoma's Stack and Merge shale plays generating a cash flow of about $1.2 million per month.
Native Exploration Operating retained TenOaks Energy Advisors for the sale of Scoop, Merge and Stack properties in Oklahoma's Canadian, Grady and McClain counties closing Nov. 14.
The White Star Petroleum acquisition is the second focused on Oklahoma this year by Contango Oil & Gas, which currently operates in the Permian, Wyoming and U.S. Gulf.
The merger of Roan Resources with Citizen Energy may portend future take-private offers for public companies that have largely been scorned by the public market.
Council Oak Resources retained Meagher Energy Advisors for the sale of Arkoma Basin nonoperated leasehold and minerals located in Hughes, Okfuskee and Okmulgee counties, Okla.
A Travis Peak Resources affiliate retained Detring for the sale certain of its oil and gas assets located in Grady County, Okla., throughout the core of the prolific Merge area.
Operators in the Permian are looking for new processing systems and technologies that improve NGL recovery and increase ethane production.