The following information is provided by EnergyNet. All inquiries on the following listings should be directed to EnergyNet. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.

Laredo Petroleum Inc. is selling its operated and nonoperated working interests in 20 wells, plus associated leasehold acreage, all located in Glasscock County, Texas.

Source: Daily Dose of ShaleDirectories.com News

https://www.shaledirectories.com/blog/marketed-laredo-petroleum-permian-basin-wells-associated-leasehold/

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In an investor presentation in January, Diversified Gas & Oil Plc. (DGO) gave its acquisition targets the code names “007” and “Mountaineer” — adding a touch of intrigue to the $180 million it’s staking in the Appalachian Basin.

In mid-February, the company said it entered an agreement to buy its “007” target, Alliance Petroleum, a subsidiary of Lake Fork Resources Acquisition, for $95 million. The deal includes $70 million cash and the assumption of $25 million of debt. The deal will add 13,000 producing, operated wells in Pennsylvania, West Virginia and Ohio, according to DGO, which is traded on the London Stock Exchange (AIM) and has a head office in Birmingham, Ala.

In a second February deal, DGO said it acquired 11,000 producing, operated wells — its “Mountaineer” target—from CNX Resources Corp. (NYSE: CNX) for $85 million.

The transactions, both of which DGO expects to close in March, will increase the company’s HBP position to about 4 million acres, a 147% increase from its 1.6 million-acre legacy assets.

Source: Daily Dose of ShaleDirectories.com News

https://www.shaledirectories.com/blog/diversified-gas-ampamp-oil-strikes-two-appalachian-deals-for-180-million/

Three Rivers Operating Company III LLC, a private E&P with a 57,000-net-acre position in the Delaware Basin, is being sold nearly a year after it was first put on the market.

Private-equity backer Riverstone Holdings LLC said it agreed to the “sale of 100% of the assets” in Culberson and Reeves counties, Texas, held by Three Rivers, also known as 3ROC. Riverstone did not disclose the terms of the deal or the buyer. Three Rivers, based in Austin, produced more than 10,000 barrels of oil equivalent per day (boe/d) in January. The sale follows a gas dedication agreement by the company in December, the terms of which were also withheld.

Riverstone said that when the transaction closes, subsidiary Riverstone Energy Ltd. (REL) will realize gross proceeds of about $205 million. REL said in a Feb. 17 press release that it will receive a gross multiple of 2.2x based on its $94 million investment in the company and a gross IRR of 49%.

Source: Daily Dose of ShaleDirectories.com News

https://www.shaledirectories.com/blog/riverstone-three-rivers-to-sell-all-delaware-basin-assets/

The following information is provided by EnergyNet. All inquiries on the following listings should be directed to EnergyNet. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.

Braxton Minerals III LLC is selling its royalty interests (producing minerals) and non-participating royalty interests in one hundred plus (100+) wells, plus non-producing minerals, all located in Doddridge, Marshall, Ritchie, Tyler and Wetzel Counties, West Virginia and Greene County, Pennsylvania.

Source: Daily Dose of ShaleDirectories.com News

https://www.shaledirectories.com/blog/marketed-100-well-package-mineral-royalty-interests-appalachia/

The Environmental Defense Fund (EDF) released an analysis this week that claims, “Pennsylvania’s oil and gas companies emit at least five-times more methane pollution than they report to the state.” But EDF’s analysis is misleading, considering it’s based on an outdated report that overestimated emissions and the fact that only the unconventional oil and gas industry – which represents 82 percent of new wells drilled since 2015 and 72 percent of the wells drilled in 2015 – is required to report emissions to the Pennsylvania Department of Environmental Protection (DEP). The unconventional industry is also the only industry that is targeted by the new proposed methane emissions regulations.

The latter said, it is far more relevant that Pennsylvania’s unconventional oil and gas industry has been steadily reducing its methane emissions since reporting began in 2012, and recent sampling has shown that methane leakages rates in the Marcellus are “very low.” That’s significant, considering the unconventional industry represented a mere 18 percent of new wells drilled from 2000 to 2015 before jumping to 82 percent from 2015 to 2018, with production skyrocketing to more than five trillion cubic feet of natural gas annually.

Read the full post on EIDClimate.com.

Source: Daily Dose of ShaleDirectories.com News

https://www.shaledirectories.com/blog/edfs-misleading-marcellus-methane-report-based-on-outdated-study-that-overestimated-emissions/

The Trump administration on Feb. 16 said it would offer the largest oil and gas offshore auction in U.S. history on March 21 for areas in federal waters off the Gulf Coast, less than a year after a similar sale yielded little corporate interest.

The Interior Department said it would offer 77.3 million acres (31.3 mln hectares) offshore Texas, Louisiana, Mississippi, Alabama and Florida for oil and gas development, an auction that includes all available unleased areas in the Gulf of Mexico. The blocks are from 5 km to 372 km (3 miles to 231 miles) offshore and in waters 3 m to 3,390 m (9 ft to 11,115 ft) deep.

The department announced the auction in October, without an exact date. The sale is in support of President Donald Trump’s so-called America First Offshore Energy Strategy, which aims to reduce energy imports and boost jobs in the industry.

Source: Daily Dose of ShaleDirectories.com News

https://www.shaledirectories.com/blog/us-sets-largest-offshore-oil-gas-lease-auction-for-march/

Watsonville, Calif.-based Granite Construction Inc. and The Woodlands, Texas-based Layne Christensen Co. announced Feb. 14 that they have entered into a definitive agreement whereby Granite will acquire all of the outstanding shares of Layne in a stock-for-stock transaction valued at $565 million, including the assumption of net debt. The transaction, which was unanimously approved by the boards of directors of both companies, is expected to close in second-quarter 2018.

Source: Daily Dose of ShaleDirectories.com News

https://www.shaledirectories.com/blog/granite-construction-to-acquire-layne-christensen-in-565-million-stock-deal/