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PostRock to acquire central Oklahoma properties

PostRock Energy Corp., Oklahoma City, will acquire 22,000 net acres of leasehold in central Oklahoma that has current oil production and more than 10 million bbl of oil equivalent of potential in multiple reservoirs including the Woodford shale.

NGSA: 'Neutral pressure' on gas prices expected this winter

Based on an analysis of the economy, weather, demand, production, and storage, the Natural Gas Supply Association expects flat price pressure on the natural gas market compared with last winter, NGSA said in its 13th annual Winter Outlook 2013-14.

BP's Ruehl: Operators shifting from shale gas to tight oil

Natural gas prices in the US are likely to increase 30-40% over the next 2 years according to BP PLC's Chief Economist Christof Ruehl. In an interview with OGJ, Ruehl explained that the low-price environment in the US is being reinforced by the expanding oil-gas price differential.

Zodiac Exploration to acquire Muskwa Resources

Zodiac Exploration Inc., Calgary, plans to acquire Muskwa Resources Ltd., a private central Alberta operator, by the end of November.

Crestwood buys Arrow Bakken gathering systems for $750 million

Crestwood Midstream Partners LP’s wholly owned subsidiary Crestwood Arrow Acquisition bought Bakken-shale gathering company Arrow Midstream Holdings LLC in a deal valued at $750 million.

Regency Energy to buy PVR in $5.6 billion deal

Dallas-based Regency Energy Partners LP and PVR Partners LP reported that their respective boards have approved a definitive merger agreement in which Regency will acquire PVR for $5.6 billion, which includes the assumption of $1.8 billion of net debt.

Hess to sell terminal network for $850 million

Hess Corp. reported it has entered into an agreement with Buckeye Partners LP to sell its US East Coast and St. Lucia terminal network for $850 million in cash.

Approach closes on sale of southern Midland oil line interests

Fort Worth-based independent Approach Resources Inc. and partner Wildcat Permian Services LLC have closed on the previously reported sale of Wildcat to an affiliate of JP Energy Development LP for $210 million in cash.

Statoil upbeat on exploration, diverse assets

Statoil ASA believes it can boost its production from offshore Norway, Canada, and Tanzania while also building its production from US onshore unconventional assets, Statoil Chief Executive Officer Helge Lund said during a media briefing on Oct. 7 in Houston.

Templar Energy buys Texas Panhandle assets for $1 billion

Oklahoma City-based independent Templar Energy LLC has acquired oil and gas assets in the Texas Panhandle from Forest Oil Corp. for $1 billion.

Falkland firms FOGL, Desire to combine, renew drilling

Falkland Oil & Gas Ltd. and Desire Petroleum PLC plan to merge and to farm out certain North Falkland basin licenses in the Falkland Islands to Premier Oil Exploration & Production Ltd. and Rockhopper Exploration (Oil) Ltd.

Wintershall now operator of Brage field

Wintershall Norge has become operator of Brage oil field in the North Sea offshore Norway, replacing Statoil.

NETL: Cleaning flowback water for reuse yields multiple benefits

The contribution to the US energy supply from unconventional natural gas sources, such as shale, is increasing dramatically due in large part to advanced hydraulic fracturing.

Vermilion to acquire Northern’s Netherlands subsidiary

Vermilion Energy Inc. has entered into a definitive purchase and sale agreement with Northern Petroleum PLC whereby Vermilion, through its wholly owned subsidiary, will acquire 100% of the shares of Northern Petroleum Nederland BV (NPN).

Cubic nears closing on Gastar East Texas acquisition

Cubic Energy Inc., Dallas, said it has signed certain closing documents with respect to the previously announced acquisition of all of the East Texas assets of Gastar Exploration Texas LP.

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idahodepartmentofland

STATE OF IDAHO NOTICE OF SALE OF OIL AND GAS LEASES

NOTICE IS HEREBY GIVEN that the State Board of Land Commissioners of the State of Idaho, pursuant to IDAPA 20.03.16, will offer oil and gas leases ...
Increas YOUR Foundational Knowledge of Oil & Gas

Optimizing Careers for Oil and Gas Leaders Through Professional Short Courses at Colorado School of Mines

Optimizing Careers for Oil and Gas Leaders Through Professional Short Courses at Colorado School of Mines

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Offshore Middle East Conference & Exhibition

January 26, 2015
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