Tuesday, February 28, 2012

Kinder Morgan divests El Paso’s E&P assets for $7.15B

Affiliates of Apollo Global Management LLC, Riverstone Holdings LLC, Access Industries Inc and other investors, have signed a definitive agreement to acquire all of the oil and gas exploration and production assets of El Paso Corp for approximately $7.15 billion.

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Linn Energy acquires BP’s Kansas assets for $1.2B

Linn Energy LLC has signed a definitive purchase agreement to acquire Hugoton basin properties located in Kansas from BP for $1.2 billion.

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Rosetta Resources sells certain South Texas assets for $95M

Rosetta Resources Inc has entered into a purchase and sale agreement to sell interest in its Lobo assets and a portion of its Olmos assets in South Texas for $95 million. 

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Wapiti acquires Utah assets from Gasco for $36M

Wapiti Oil & Gas II LLC has signed an agreement with Gasco Energy Inc to acquire 50% interest in Gasco’s producing and non-producing assets in Uinta basin, Utah. Effective 1-Sep-2011, the transaction is expected to close in Mar-2012, subject to necessary approvals.

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