Sound Oil seeks partner for assets in Italy and Indonesia

Sound Oil Plc, in November 2011, has announced that there are opportunities to farm out several large scale assets possibly in Italy and Indonesia. Continue reading here..

Parex acquires further interest in Colombia block from Talisman Energy

Parex Resources Inc has signed an agreement with Talisman Energy to acquire its 25% interest in the El Eden block. Pursuant to the transaction, Parex will have 60% interest in the block and 50% of the non-producing Chiriguaro oil discovery. The completion is subject to regulatory approval. Continue reading here..

Anadarko to divest Indonesian assets

Anadarko Petroleum Corporation has planned to sell its assets in Indonesia (primarily deepwater exploration acreage offshore East Kalimantan). Anadarko has participating interests in approximately 4.5 million exploration acres through a combination of several operated and non-operated Production Sharing Contracts (PSC). Continue reading here..

Devon Energy expands Utica Shale presence

Devon Energy has acquired an additional 125,000 net acres in the Utica Shale play in Ohio in Q4-2011. Pursuant to this transaction, Devon holds 235,000 net acres in the Utica Shale play. Continue reading here..

Rock Energy divests Montney assets for $46M

Rock Energy Inc has agreed to sell its entire Montney natural gas assets in Elmworth area of Alberta for C$46 million (US$46.185 million). Rock Energy has closed the sale of some of its Montney gas assets (Transaction 1) to a Canadian oil and gas producer for C$36 million (US$36.177) on 9-Feb-2012. The remaining assets are being sold (Transaction 2) to a second Canadian oil and gas producer for C$10 million (US$10.008 million). Closing of Transaction 2 is anticipated to occur before the end of Feb-2012, subject to necessary approvals. Continue reading here..

Alkane Energy farms out interest in two UK CBM blocks

Alkane Energy Plc has signed a partnership agreement with Aberdeen Drilling Management Ltd (ADM) to explore 2 of Alkane’s Petroleum Exploration and Development Licences (PEDL 191 and 90) with coal bed methane (CBM) potential in Nottinghamshire and in East Midlands, UK. Envoi is acting as an advisor to Alkane for this transaction. Continue reading here..

Magnolia acquires additional Oklahoma acreage

Magnolia Petroleum Plc has acquired an additional 480 gross acres with an average 83.33% WI and 81.25% NRI in the oil producing Mississippi Lime formation, Oklahoma via a farm-out agreement. Magnolia is on course to drill 1 well in the Mississippi Lime formation by the end of 2012 – Magnolia as operator. Continue reading here..