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Houston, Texas 77027
(713) 621-9720
Copyright © 2010: PennWell Corporation
All Rights Reserved.
Noncore Assets news and technical articles from Oil & Gas Journal. Search Noncore Assets latest and archived news and articles
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.
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.
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.
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.
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.
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 ...
One result of the roller coaster ride that crude oil prices have taken during the last 2 years has been the sale of noncore assets by many companies.
company’s drilling program and favorable winter operating conditions in that area. Excluding the contribution from noncore assets divested to date in 2012, first quarter 2012 production would have been 2% lower at 69,773 boe/d. As a result
capital spending reductions elsewhere in its natural gas portfolio," Eresman said. Encana divested $2.1 billion in noncore assets last year and invested $515 million in liquids-rich assets. The company's 2012 budget of $2.9 billion represents
Bacton, UK, and 20 billion cu m/year in the opposite direction. Eni said the transaction fits its strategy to shed noncore assets . Fluxys G is Belgium's independent gas transmission system operator. Snam, Milan, builds and operates gas systems