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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
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
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.
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
first-phase capital requirements of $750-800 million, the company originally planned to use debt, sales of noncore assets , joint-venture proceeds, and possibly new equity. "Given the current soft market for oil and gas assets and
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
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.
first-phase capital requirements of $750-800 million, the company originally planned to use debt, sales of noncore assets , joint-venture proceeds, and possibly new equity. “Given the current soft market for oil and gas assets and
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
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 .