SilverBow Resources, Inc. (NYSE: SBOW) has officially inked an agreement to procure the oil and gas assets located in South Texas from Chesapeake Energy Corporation (NASDAQ:CHK). The deal is solidified at a comprehensive purchase price of $700 million. This amount includes an immediate upfront cash payment of $650 million due upon the deal’s closure and […]
Marathon Oil has agreed to acquire the Eagle Ford Shale assets of Ensign Natural Resources in an all-cash transaction valued at $3 billion to nearly double its position in the basin. Through the transaction, Marathon Oil will acquire an additional 130,000 net acres (99% operated, 97% working interest) that span the Live Oak, Bee, Karnes, […]
Max Midstream said that it has acquired the Seahawk Pipeline and Terminal from Oaktree Capital at the Port of Calhoun in Texas and plans to build a pipeline with an investment of $1 billion that will directly connect the port to both the Eagle Ford and Permian Basins. According to the Texas-based midstream company, the […]
Starwood Energy Group Global has signed a deal to acquire Third Coast Midstream’s Lavaca gas gathering system in Texas, located in and around Lavaca County, for an undisclosed price. The gas gathering infrastructure includes 260 plus miles of natural gas gathering pipes and related infrastructure. The Lavaca gas gathering system offers gathering and artificial gas […]