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Houston, Texas 77027
(713) 621-9720
Copyright © 2010: PennWell Corporation
All Rights Reserved.
Noncore Assets
Noncore Assets news and technical articles from Oil & Gas Journal. Search Noncore Assets latest and archived news and articles
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Swift Energy to sell noncore assets for $53.5 million
Swift Energy Co. has signed a purchase and sales agreement with a private oil and gas company to sell its interests in six fields in South Louisiana, two in Texas, and one in Alabama for about $53.5 million.
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COMPANY NEWS: Devon to divest noncore assets ; focus on N. America
Devon Energy Corp., Oklahoma City, plans to divest its Gulf of Mexico and international assets in a move toward focusing on high-growth US and Canadian onshore assets, the company reported Nov. 16.
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Talisman selling noncore assets
Talisman Energy Inc., Calgary, agreed to sell 16,000 boe/d of noncore North American assets to multiple, unidentified buyers for a total of $815 million.
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Pogo Producing to divest noncore assets
Pogo Producing Co. plans to divest nonstrategic oil and gas properties in the Gulf of Mexico, south and east Texas, south Louisiana, the Permian basin and Texas Panhandle areas, and western Canada.
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Urals Energy to divest noncore assets
Urals Energy, which has its operating assets in Russia, reported plans to sell certain oil assets in Russia's Komi Republic for $93.5 million.
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OXY MAPS PLAN TO TRIM DEBT, NONCORE ASSETS
Occidental Petroleum Corp. is headed for a sweeping restructuring under Ray R. Irani, newly installed as chairman, president, and chief executive officer. Formerly president and chief operating officer, Irani was named to his new posts upon the death last month of Armand Hammer, Oxy chairman and ...
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Changing Assets
… coaster ride that crude oil prices have taken during the last 2 years has been the sale of noncore assets by many companies. One company's noncore assets become core assets of another. As seen in OGJ's exclusive biennial enhanced oil recovery …
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Hercules Offshore agrees to sell most of its inland fleet
… officer and president, said, “The sale of our inland rigs is consistent with our ongoing efforts to rationalize noncore assets .” Based in Houston, Hercules operates a fleet of 38 jack up rigs, 13 barge rigs, and 64 lift boats.
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Apache to divest assets worth $4 billion
… end of 2013 in what G. Steven Farris, chairman and chief executive officer, described as a program to “divest noncore assets while retaining those that drive long-term growth and generate cash from operations.” Farris announced the plan …
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Kansas: Statesman sells Reichel gas field assets
Statesman Resources Ltd., Vancouver, BC, as part of a rationalization of noncore assets , has sold Reichel gas field and related leases in Rush County, Kan., to an undisclosed buyer for $302,500. With continued …
