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regulators and will pay a fee of $3.5 billion if the transaction fails to win antitrust approval. Apache to sell noncore assets for $1.4 billion Houston independent Apache Corp. has agreed to sell noncore southern Louisiana and certain Anadarko
2011 ). John Richels, Devon president and chief executive officer, commented, “With the sale of our remaining noncore assets , the portfolio transformation that we announced late last year is now complete.” Devon has made significant changes
transaction has already been approved and the sale is part of its overall strategy to simplify its portfolio and divest noncore assets Total has been present in exploration and production activities in Trinidad and Tobago since 1996.
financials for the new business next year. BP in recent years has reshaped its North American Gas portfolio by divesting noncore assets and focusing development in US unconventional plays such as the Eagle Ford shale in South Texas (OGJ Online, Apr
borrowings. The company expects to repay the borrowings with free cash flow and proceeds from the monetization of noncore assets . Last month, Devon signed a definitive agreement with Crosstex Energy LP, Dallas, to combine Devon's US midstream
Kong HuiHua Global Technology Ltd. Completion is subject to satisfying customary conditions, including obtaining the approval of various Chinese government bodies. Dart Energy plans to pursue monetizing other international noncore assets .
of oil equivalent production for $160.1 million. Chaparral also said it engaged an investment banker to divest noncore assets in its Ark-La-Tex and Permian basin areas. The assets being acquired from Cabot have 8.4 million boe of proved
borrowings. The company expects to repay the borrowings with free cash flow and proceeds from the monetization of noncore assets . Last month, Devon signed a definitive agreement with Crosstex Energy LP, Dallas, to combine Devon’s US midstream
agreement to Kazakhstan state oil company KazMunayGas for $5.4 billion. ConocoPhillips reaffirmed its intent to divest noncore assets as an independent exploration and production company, labeling the sale as a “milestone” in its plan. Proceeds
OGJ Online, Jan. 28, 2014 ). PwC attributes the sequentially downward movement to companies divesting in smaller noncore assets , a trend it expects to continue through this year. ‘Shift towards unconventionals’ There were 17 deals with values greater than