Arkansas, Louisiana, Mississippi and Texas RRC Dist. 1, 2, 3, 4., 5, 6, inland, offshore
Here’s a snapshot of recent energy deals including Occidental Petroleum’s $1.33 billion sale of Rockies assets plus the closing of ConocoPhillips’ multimillion-dollar Montney Shale acquisition.
The transaction included roughly 4,800 net royalty acres (normalized to 1/8 royalty) located in North Louisiana, with production across the Haynesville Shale, Bossier Shale and Cotton Valley formations.
The news follows the recent Black Stone Energy development agreement with Aethon Energy in the same region of the Haynesville and Bossier shale plays and complements the company’s goal of reviving volume growth from the area.
John Jacobi, non-executive director at Comstock Resources, says tough times are ahead but the oil and gas industry could benefit from getting a little smaller.
Fresh off of a multibillion-dollar sale of its midstream interests, natural gas producer Indigo Natural Resources is flying high above the storm clouds.
Covey Park co-CEO John Jacobi and Denham Managing Partner Jordan Marye joined the Comstock Resources board following the completion on July 16 of the roughly $2.2 billion acquisition.