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Unconventional Resources Companies News and Press Releases

Chevron Technology Ventures Launches Catalyst Program
Chevron Technology Ventures, LLC (CTV) has launched its Catalyst ProgramTM, an initiative to promote technology innovation in the Houston area and beyond. ...
8/15/2017 - Process Technology Licensing - United States
Range Resources Announces Acquisition of Oil & Gas Interests in Indonesia
In line with the growth strategy of the Company, Range is pleased to announce an acquisition of interests in an established oil block in Indonesia. The Company has signed a Sale and Purchase Agreement...
8/8/2017 - Mergers and Acquisitions - Indonesia
LINN Enters into New $500m Revolving Credit Facility
LINN Energy, Inc.(LINN) together with its subsidiaries, announces it has entered into a new $500 million senior secured reserve-based revolving credit facility (new credit facility) with Royal Bank of...
8/7/2017 - Financials and Investment - Canada
ConocoPhillips Sells San Juan Basin Assets for $3.0 Billion
ConocoPhillips completed its previously announced transaction with an affiliate of Hilcorp Energy Company to sell its San Juan Basin assets for up to $3.0 billion of total consideration, comprised of ...
7/31/2017 - Acquisitions and Divestitures - United States
Anadarko Reaches Significant Mozambique LNG Milestone
Anadarko Petroleum Corporation (APC) had finalized two agreements with the Government of Mozambique – together known as the "marine concessions" – which would allow it to design, build and operate the...
7/31/2017 - LNG Processing - Mozambique
Canadian Environmental Assessment Agency Makes Funds for Nexen
The Canadian Environmental Assessment Agency (the Agency) is making funding available through its Participant Funding Program to assist the participation of the public and Indigenous groups in the fed...
7/26/2017 - Financials and Investment - Canada
Canadian Environmental Assessment Agency Makes Funds for Nexen
The Canadian Environmental Assessment Agency (the Agency) is making funding available through its Participant Funding Program to assist the participation of the public and Indigenous groups in the fed...
7/26/2017 - Financials and Investment - Canada
ExxonMobil Says will not Continue Discussions over East Natuna Gas Field
The Indonesian unit of ExxonMobil on Tuesday said the company "no longer wishes to continue further discussions or activity" involving the East Natuna gas block in the country. ...
7/18/2017 - Acquisitions and Divestitures - Indonesia
Cenovus Expects Up to C$2.5b from Weyburn & Palliser Sales
Canadian oil and gas producer Cenovus Energy Inc has hired investment banks to sell the Weyburn and Palliser oil assets, which it hopes would fetch as much as C$2.5 billion ($2 billion), according to ...
7/13/2017 - Acquisitions and Divestitures - Canada
Barossa Offshore Project Proposal Published for Public Comment
ConocoPhillips is pleased to advise that the National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) has published the Barossa Area Development Offshore Project Proposal (B...
7/13/2017 - Development - Australia
Record-Setting Privott 17-H Well Reaches 6,000 boepd
Devon Energy Corp. (DVN) has brought online a record-setting Meramec well and commenced production on several high-rate wells in the core of the over-pressured oil window of the STACK play during the ...
7/11/2017 - Production - United States
ConocoPhillips to Sell Barnett Shale Assets for US$305m
ConocoPhillips has entered into a definitive agreement to sell its interests in the Barnett to an affiliate of Miller Thomson & Partners LLC for $305 million plus net customary adjustments. Proceeds f...
6/29/2017 - Acquisitions and Divestitures - United States
Carrizo Oil & Gas Acquires Delaware Basin for $648 Million
Carrizo Oil & Gas, Inc. has agreed to acquire Delaware Basin properties from ExL Petroleum Management, LLC (ExL), a portfolio company of Quantum Energy Partners, for $648 million in cash, subject to c...
6/28/2017 - Acquisitions and Divestitures - United States
LINN Energy and Citizen Energy Form Roan Resources
LINN Energy, Inc. (LINN) has signed an agreement with Citizen Energy II, LLC (Citizen) in which LINN and Citizen will each contribute certain upstream assets in Oklahoma to a newly formed company, Roa...
6/27/2017 - Mergers and Acquisitions - United States
Cenovus Plans to Grow Free Funds Flow 14% a Year through 2021
Cenovus Energy Inc. put forward a five-year plan that the company expects will generate 14% annualized free funds flow growth through 2021 at a West Texas Intermediate (WTI) price of US$55 per barrel ...
6/20/2017 - Financials and Investment - Canada
United States Supreme Court Denies Petition for Review by Lawyer Behind Fraudulent Ecuador Lawsuit
The United States Supreme Court has denied a certiorari petition seeking review of a decision by the U.S. Court of Appeals for the Second Circuit affirming extensive district court findings that a $9....
6/19/2017 - Oil & Gas Companies - United States
United States Supreme Court Denies Petition for Review
The United States Supreme Court has denied a certiorari petition seeking review of a decision by the U.S. Court of Appeals for the Second Circuit affirming extensive district court findings that a $9....
6/19/2017 - Legal - United States
Occidental Monetises Non-Strategic Permian Resources Acreage
Occidental Petroleum Corporation has agreed to a number of purchase and sale transactions in the Permian Basin. On a combined basis, these transactions require no net cash outlay and add approximately...
6/19/2017 - Acquisitions and Divestitures - United States
ExxonMobil Makes Final Investment Decision for Liza Development
Exxon Mobil Corporation (XOM) said it has made a final investment decision to proceed with the first phase of development for the Liza field, one of the largest oil discoveries of the past decade, loc...
6/16/2017 - Development - Guyana
Encana to Sell its Piceance Natural Gas Assets for $735 Million
Encana Corporation (Encana) announced that its wholly-owned subsidiary, Encana Oil & Gas (USA) Inc., has reached an agreement to sell its Piceance natural gas assets, located in northwestern Colorado,...
6/9/2017 - Acquisitions and Divestitures - United States
Greece Receives Oil & Gas Exploration Interest in Canada
Greece has received interest for hydrocarbons exploration and exploitation in two sites off the island of Crete from a consortium of Exxon Mobil, France's Total and Greece's Hellenic Petroleum , the e...
5/31/2017 - Exploration - Greece
LINN Energy to Sell Salt Creek for $71.5 Million
LINN Energy, Inc. (LINN) has signed a definitive agreement to sell its interest in properties located in the Salt Creek Field in Wyoming to Denbury Resources Inc. for a contract price of $71.5 million...
5/30/2017 - Acquisitions and Divestitures - United States
ExxonMobil & Total Discuss Drilling Opportunities Offshore Greece
Greece's energy minister held talks on Friday with representatives of U.S. oil major ExxonMobil and France's Total about gas exploration opportunities off Greek shores, the energy ministry said. ...
5/21/2017 - Drilling - Greece
ExxonMobil and SABIC Sign Agreement for Proposed U.S. Petrochemical Project
Affiliates of Exxon Mobil Corporation and SABIC (Saudi Basic Industries Corporation) signed an agreement to conduct a detailed study of the proposed Gulf Coast Growth Ventures project in Texas and beg...
5/20/2017 - Engineering - United States
ConocoPhillips Completes Sale of FCCL Partnership Interest
ConocoPhillips completed its previously announced transaction with Cenovus to sell its 50 percent nonoperated interest in the Foster Creek Christina Lake (FCCL) oil sands partnership, as well as the m...
5/17/2017 - Oil Sands - Canada
ExxonMobil to Launch Service Stations and Fuels in Mexico
ExxonMobil announced its plans to enter the Mexican fuels market in 2017 with Mobil-branded stations and its new signature line of advanced Synergy™ gasoline and diesel fuels. ...
5/17/2017 - Diesel Fuel - Mexico
Nigerian Oil Workers Extend ExxonMobil Strike to Chevron, Agip & Shell
Nigerian workers from an oil labor union have extended a strike to oil majors Chevron, Shell and Eni subsidiary Agip in protest over the sacking of members from Exxon Mobil Corp, the union's general s...
5/16/2017 - Safety Services - Nigeria
Chevron's $54 Billion LNG Plant Hits New Snag in Australia
Chevron Corp.’s Gorgon liquefied natural gas plant shut a production train for about a month, at least the eighth outage since operations started 14 months ago at the most-expensive project in the com...
5/16/2017 - LNG Processing - Australia
Chevron Shuts 1st Gorgon LNG Export Plant Unit for Around a Month
Chevron Corp has shut the first production line at its giant Gorgon liquefied natural gas (LNG) export plant in Australia and expects the outage to last about a month in order to replace a faulty devi...
5/15/2017 - Production - Australia
WildHorse Resource Acquires Eagle Ford Properties from Anadarko
WildHorse Resource Development Corporation has entered into a definitive agreement to acquire approximately 111,000 net acres and associated production from Anadarko Petroleum Corporation (APC) and af...
5/11/2017 - Acquisitions and Divestitures - United States
Noble Energy Sells Marcellus Gas Assets for $1.225 Billion
Noble Energy, Inc. (Noble Energy) has signed a definitive agreement to divest all of its upstream assets in northern West Virginia and southern Pennsylvania to an undisclosed buyer for a total amount ...
5/2/2017 - Acquisitions and Divestitures - United States
Devon Energy Announces $1B Divestiture Plan
Devon Energy Corp. (DVN) announced its intent to divest approximately $1 billion of upstream assets across its portfolio. The non-core assets identified for monetization include select portions of the...
5/2/2017 - Acquisitions and Divestitures - United States
ExxonMobil Earns $4 Billion during First Quarter 2017
Exxon Mobil Corporation announced estimated first quarter 2017 earnings of $4 billion, or $0.95 per diluted share, compared with $1.8 billion a year earlier, resulting from improvements in commodity p...
4/28/2017 - Financials and Investment - United States
Chevron Plans to Sell its Bangladesh Companies
Chevron Corporation announced that its wholly-owned subsidiary, Chevron Global Ventures, Ltd., has entered into an agreement to sell the shares of its wholly-owned indirect subsidiaries operating in B...
4/24/2017 - Mergers and Acquisitions - Bangladesh
ConocoPhillips to Sell San Juan Basin Assets for $3B
ConocoPhillips (COP) announced it has entered into a definitive agreement to sell its interests in the San Juan Basin to an affiliate of Hilcorp Energy Company for up to $3.0 billion of total proceeds...
4/13/2017 - Acquisitions and Divestitures - United States
Chevron Exploring Sale of Canada Oil Sands Stake for $2.5b
Chevron Corp, the second-largest U.S.-based oil producer, is exploring the sale of its 20 percent stake in Canada's Athabasca Oil Sands project, which could fetch about $2.5 billion, according to peop...
4/13/2017 - Oil Sands - Canada
EXCO Resources Sells South Texas Oil & Natural Gas Properties for $300 million
EXCO Resources has executed a definitive agreement with a subsidiary of Venado Oil and Gas, an affiliate of KKR, to divest its oil and natural gas properties in South Texas. The purchase price of $300...
4/10/2017 - Mergers and Acquisitions - United States
Thailand to Auction Petroleum Concessions for Erawan & Bongkot Fields
Thailand will auction petroleum concessions for Erawan and Bongkot gas fields in December, the country's energy minister said. "An official announcement is expected within July, and auctions in Decemb...
3/31/2017 - Exploration - Thailand
Chevron Concludes Sale of Geothermal Operations in Indonesia
Chevron Corporation (CVX) announced that its wholly-owned subsidiaries have completed the sale of Chevron's geothermal business in Indonesia to Star Energy Consortium. Chevron received the cash procee...
3/31/2017 - Mergers and Acquisitions - Indonesia
ExxonMobil Announces New Oil Discovery Offshore Guyana
Exxon Mobil Corporation (XOM) announced positive results on the Snoek well offshore Guyana, confirming a new discovery on the Stabroek Block. Drilling targeted similar aged reservoirs as encountered i...
3/30/2017 - Offshore Drilling - Guyana
ExxonMobil Announces New Oil Discovery Offshore Guyana
Exxon Mobil Corporation announced positive results on the Snoek well offshore Guyana, confirming a new discovery on the Stabroek Block. Drilling targeted similar aged reservoirs as encountered in prev...
3/30/2017 - Drilling - Guyana
Acquiring ExxonMobil’s Operated Upstream Business in Norway
HitecVision and its majority owned portfolio company Point Resources are pleased to announce the signing of an agreement to acquire ExxonMobil’s operated upstream business in Norway from ExxonMobil Ex...
3/29/2017 - Acquisitions and Divestitures - Norway
ConocoPhillips to Sell Assets in Canada for $13.3 Billion
ConocoPhillips has signed a definitive agreement with Cenovus to sell its 50 percent nonoperated interest in the Foster Creek Christina Lake (FCCL) oil sands partnership, as well as the majority of it...
3/29/2017 - Oil Sands - Canada
ConocoPhillips Sells Oil Sands & Gas Assets to Cenovus in $17.7B Deal
ConocoPhillips (COP) has signed a definitive agreement with Cenovus (CVE) to sell its 50 percent nonoperated interest in the Foster Creek Christina Lake (FCCL) oil sands partnership, as well as the ma...
3/29/2017 - Acquisitions and Divestitures - Canada
ExxonMobil Extends Life of Sigyn Field in the Norwegian North Sea
The Norwegian Petroleum Directorate has granted consent for continued use of the subsea facilities on the Sigyn field in the North Sea from the end of 2017 until the end of 2022. In its application, o...
3/23/2017 - Development - Norway
Gastar Exploration Acquires STACK Leasehold
Gastar Exploration Inc. (Gastar) has completed the acquisition of additional working and net revenue interests in approximately 66 gross (9.5 net) producing wells and 5,670 net acres of additional STA...
3/22/2017 - Acquisitions and Divestitures - United States
Marathon Oil Acquires $700 Million Northern Delaware
Marathon Oil Corporation announced the signing of a definitive agreement to acquire approximately 21,000 net surface acres largely in the Permian's Northern Delaware basin of New Mexico from Black Mou...
3/21/2017 - Acquisitions and Divestitures - United States
Pioneer Sells Northeastern Martin County Acreage for $266m
Pioneer Natural Resources Company (Pioneer) has signed a purchase and sale agreement with an undisclosed buyer to sell its previously-announced acreage package in northeastern Martin County, Texas, fo...
3/15/2017 - Acquisitions and Divestitures - United States
WorleyParsons Signs Multi-Regional Agreement with Chevron
WorleyParsons has signed a long term multi-regional agreement with Chevron for engineering and procurement services. The scope of the agreement allows use in all engineering phases of Chevron’s capita...
3/13/2017 - Engineering - United States
Enerplus Divests Alberta & Saskatchewan Assets for $67.3 Million
Enerplus Corporation has entered into definitive agreements to sell various Canadian properties located in Alberta and southwest Saskatchewan for aggregate proceeds of $67.3 million, before customary ...
3/9/2017 - Acquisitions and Divestitures - Canada

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