- Joe Barone, Shale Directories
- Blog
- August 2, 2019
Northern Oil and Gas founder leaving company
Northern Oil and Gas, a Williston Basin-based independent producer, announced Michael Reger, founder, president and chairman emeritus, is leaving the company to “pursue opportunities” outside the Williston, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- July 12, 2019
Six minutes alter direction of U.S.’s largest gas producer
It wasn’t hard to figure out the backers of the two sides in the proxy battle between independent producer EQT and dissidents known as the Rice Team Wednesday morning, at the long-awaited annual meeting.- Joe Barone, Shale Directories
- Blog
- July 2, 2019
Marathon Oil closes sale of UK business
Marathon Oil Corp. said Monday the company has closed on the sale of its U.K. business, which consists of the Brae area fields and Foinaven, to UK independent producer RockRose Energy PLC for $95 million.- Joe Barone, Shale Directories
- Blog
- June 26, 2019
Icahn rips Oxy’s board for treating shareholders like ‘peasants’
Billionaire activist investor Carl Icahn ripped Occidental Petroleum Tuesday, criticizing the independent producer’s board, Kallanish Energy reports. He criticized corporate boards in general that treat “shareholders [as] necessary peasants who represent a necessary evil that must be tolerated, possibly patronized, but certainly ignored.”- Joe Barone, Shale Directories
- Blog
- June 14, 2019
Callon closes southern Midland Basin sale
Independent producer Callon Petroleum said Thursday it closed on the previously announced divestiture of non-core assets in the southern Midland Basin to Sequitur Permian LLC for net cash proceeds of $245 million, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- June 13, 2019
Jumar Energy inks development pact with Mongoose
Oil and gas investment company Jumar Energy Capital said this week it’s entered into a joint development agreement with two-year-old independent producer Mongoose Energy, which is backed by EnCap Investments.- Joe Barone, Shale Directories
- Blog
- May 16, 2019
Pipeline explosion forces producer into bankruptcy
A natural gas explosion last September in a pipeline not yet in service has led to an independent producer backed by Goldman Sachs’s private equity arm and the Ontario Teachers Pension Fund filing for Chapter 11 bankruptcy, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- May 7, 2019
Anadarko tells Chevron it’s been replaced
Anadarko Petroleum’s board said Monday Occidental Petroleum’s buyout offer is “superior” to its purchase deal with Chevron, Kallanish Energy reports. The oil supermajor is now on the clock.- Joe Barone, Shale Directories
- Blog
- May 1, 2019
Samson Resources II selling Wyoming assets
Independent producer Samson Resources II said this morning its board approved the sale of its 47,000 acres in Johnson County, Wyoming, in which it holds a 75% working interest in the leasehold, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- April 25, 2019
Oxy trumps Chevron’s Anadarko bid, could ignite bidding war
Occidental Petroleum, which has been in informal discussions with Anadarko Petroleum for nearly two years, Wednesday publicly bid $76 a share for the independent producer, topping by 17% an offer by Chevron made roughly two weeks ago.- Joe Barone, Shale Directories
- Blog
- April 9, 2019
Callon divests non-core assets in $260M deal
Houston-based independent producer Callon Petroleum said Monday it’s entered into a deal to sell certain non-core assets in the Midland Basin to an unnamed buyer for $260 million in cash.- Joe Barone, Shale Directories
- Blog
- February 14, 2019
Rice Brothers ask EQT to return annual meeting to April
The Rice Brothers won’t let EQT Corp’s management or board forget they’re sitting on the independent producer’s doorstep, ready to take over the company that took over their company in late 2017.- Joe Barone, Shale Directories
- Blog
- February 11, 2019
Blue Ridge shareholders approve merger with Eclipse
Eclipse Resources and Blue Ridge Mountain Resources said today Blue Mountain’s shareholders have approved Eclipse’s all-stock deal for its fellow Utica Shale independent producer.- Joe Barone, Shale Directories
- Blog
- February 8, 2019