Devlan acquiring private company for $23 million (Can.)

By OGJ editors
HOUSTON, Sept. 21 -- Devlan Exploration Inc., Calgary, agreed to acquire a private company having producing assets concentrated in the Peace River arch that complement Devlan's existing properties.

The deal is worth $23 million (Can.), but the name of the company being acquired was withheld. The properties produce 4.4 MMcfd of natural gas and 17 b/d of natural gas liquids.

The acquisition involves several low risk drilling locations, Devlan said.

Related Articles

OMV acquires West of Shetland licenses from Hess

03/21/2014 OMV AG has reached an agreement with Hess Corp. to acquire four licenses in West of Shetland, UK, including Cambo field and the Blackrock prospect,...

Millennium Pipeline appoints president

03/20/2014 Millennium Pipeline Co. LLC has selected Joseph Shields as its president. He succeeds Rocco D’Alessandro, who held the position beginning in May 20...

ONGC Videsh names exploration director

03/19/2014 ONGC Videsh Ltd. (OVL), the overseas arm of Oil & Natural Gas Corp. Ltd., has named Anil Bhandari as exploration director. In his role, Bhandar...

Vermilion to buy southeast Saskatchewan assets

03/18/2014 Vermilion Energy Inc., Calgary, has signed an agreement with a private southeast Saskatchewan producer to acquire light oil producing assets in the...

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected