Blackbeard Operating retained TenOaks Energy Advisors as its exclusive adviser in connection with the sale of its operated properties in South Texas as part of a regional exit.
The agreement calls for Hilcorp to pay $4 billion to BP over an unspecified time, with the remaining $1.6 billion based on future earnings from the Alaskan properties.
EnergyNet recently entered an agreement with the South Dakota School and Public Lands (SD SPL) to host its mineral and surface lease sales online.
Here’s a snapshot of recent energy deals including a $5 billion divestiture by BP as the London-based major shifts its focus to low-carbon energy.
Here’s a quicklist of oil and gas assets on the market including an operated working interest package that includes producing Barnett Shale wells.
IPR Energy Partners LLC retained Oil & Gas Asset Clearinghouse LLC for the sale of an operated working interest package across multiple Texas counties that includes production from the Barnett Shale.
In this exclusive video interview, Proserv Controls CEO Davis Larssen explains the driving factors behind a strategic subsea partnership with Houston-based Dril-Quip.
The lease portion of BP’s $5.6 billion sale of Alaskan properties to Hilcorp could be completed on June 30, said BP spokeswoman Megan Baldino.
BP Energy Partners said June 29 it is merging Dallas, TX-based Blue Roads Solutions, and Conroe, TX-based Thigpen Solutions, creating an innovative, full-service, leading player in the virtual pipeline industry.
The assets include six intrastate natural gas pipelines spanning approximately 1,400 miles in Alabama, Louisiana and Mississippi. The system has total capacity of more than 800 MMcf/d.