Last Weeks Drilling Intents, Spacing and Pooling Filings. Oklahoma Corporation Commission (OCC) latest filings as reported by Oseberg show Citizen Energy II LLC, a...
In the energy-rich regions of the United States, regular landowners have a lucrative interest in the legal framework of mineral and royalty rights....
Rimrock Resource Partners LLC closed a $150 million acquisition of Scoop assets, the company announced July 28. The acquisition covers approximately 24,500...
U.S. oil futures settled higher on Friday. On the New York Mercantile Exchange, September WTI settled at $41.60 a barrel. The U.S....
On July 28, 2016, Devon Energy Production LP (DVN) filed a Transfer of Operator (Form 1073) with the Oklahoma Corporation Commission (OCC) transferring...
Devon Energy Corporation (NYSE: DVN) has assets in the very best North American resource plays and a deep inventory of opportunities. After initiating...
BHI revealed a weekly climb in the number of active U.S. rigs drilling for oil–the sixth-weekly climb in seven weeks.The number of...
Back in January of this year, Luxe Energy LLC announced it had acquired about 18,000 net acres in the core of the...
The number of rigs exploring for oil and natural gas in the U.S. increased by nine this week to 440. A year...
The number of rigs exploring for oil and natural gas in the U.S. declined by three this week to 421, snapping three...
U.S. stock indexes finished lower on Tuesday. The S&P 500 and the Nasdaq Composite snapped a multisession rally after equities bounced back from a steep selloff earlier this month.
The S&P 500 was off 11.13 points, or 0.2%, to end at 5,597.12. The Nasdaq Composite fell 59.83 points, or 0.3%, to finish at 17,816.94.
Tuesday’s declines ended the eight-day winning streaks for the S&P 500 and Nasdaq. According to Dow Jones Market Data, the modest selloff also interrupted the S&P 500's longest winning streak in 20 years.
The Dow Jones Industrial Average lost 61.56 points, or less than 0.2%, to end at 40,834.97. According to FactSet data, the blue-chip index broke its five-session winning streak on Tuesday.
Markets will focus on Wednesday's release of payroll revisions and the Federal Open Market Committee's July meeting minutes, followed by jobless claims on Thursday and Chair Jerome Powell's remarks at the Jackson Hole Economic Symposium on Friday.
Quantum Capital Group has acquired Caerus Oil and Gas for about $1.8 billion, including liabilities.
Houston, Texas-based Quantum announced the deal's closing in a statement on Monday. Bloomberg News reported in June that Quantum would buy the Rocky Mountain oil and gas company. It’s doing the deal through portfolio companies QB Energy and Koda Resources.
QB Energy is acquiring Caerus's producing upstream assets, gathering and compression midstream assets, and all other assets in the Piceance Basin. Koda is taking a similar set of assets in the Uinta basin.
“The Piceance assets represent the largest single asset base atop the second largest gas resource in the continental U.S.,” Roger Biemans, chief executive officer of QB Energy, said in a statement.
Caerus is backed by Oaktree Capital Management, Anschutz Investment Co., and Old Ironsides Energy. This deal is a relatively rare example of a so-called secondary buyout in U.S. oil and gas, where corporate buyers have typically acquired private equity-backed assets.
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