Chesapeake Energy and Vine Energy have entered into a definitive agreement pursuant to which Chesapeake will acquire Vine, an energy company focused on the development of natural gas properties in the over-pressured stacked Haynesville and Mid-Bossier shale plays in Northwest Louisiana. The acquisition is a zero premium transaction valued at approx. $2.2 billion
Halliburton has announced that Sapura Drilling, a subsidiary of Sapura Energy, has awarded it an offshore integrated contract. Sapura, with Halliburton as its technical partner, will execute an Integrated Rig Drilling Completion (i-RDC) contract for a six well offshore well construction program.
United Oil & Gas, as part of the Company s ongoing optimisation of its portfolio and capital allocation strategy, has signed a conditional sale and purchase agreement with PXOG Marshall, a subsidiary of Prospex Energy, for the sale of 100% of the share capital of UOG Italia for a consideration of €2.165 million in cash.
Southern Energy Corp, a North American gas-weighted producer focused on growth, has announced the admission of its entire issued and to be issued share capital to trading on the AIM market of the London Stock Exchange.