Eagle Rock Exploration Ltd. announces that it has entered into formal binding agreements for the arm’s length acquisition of the outstanding shares of three private oil & natural gas companies for an aggregate cash consideration of $4.5 million. The purchase price is comprised of approximately $4.1 million for petroleum and natural gas interests and $0.4 [...]
Swift Energy Company announced that it has signed an agreement to purchase from Crimson Energy Partners, L.P., a privately held company, oil and natural gas interests in Dimmit County in South Texas for $47 million. The interests in Crimson’s Briscoe “A” lease and wells are located on 5,140 acres adjacent to existing Swift Energy production [...]
Canada Gas Corp. announces a proposal to acquire all of the outstanding shares of Flying A Petroleum Ltd. on the basis of 6 (six) Flying A shares for 1 (one) Canada Gas share.
This proposal follows on an agreement announced September 2007, whereby Bighorn Petroleum Ltd., Flying A, Canada Gas Corp (formerly Wyn Developments Inc.) [...]
Eagle Rock Energy Partners, L.P. announced that it has approximately a $6 million receivable from certain subsidiaries of SemGroup, L.P. (collectively “SemGroup”) related to its June sales of condensate. Last week, SemGroup filed petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Code and accordingly, the Partnership’s receivable associated with its June sales of [...]
a fast-growing E&P company with reserves and production from leases located in northern Louisiana, Southern Star Energy Inc, published a report saying that it closed on a $25 million Senior First Lien Secured Revolving Credit Agreement (Revolver) with Macquarie Bank Limited. Proceeds from this facility will be used to fund the development of Southern Star’s [...]
Aztec Oil & Gas, Inc. previously announced that the Company had completed the drilling of two new wells for its Aztec 2007A Limited Partnership. The wells, Williams #1 and #2, were drilled in Tyler County, West Virginia to a depth of approximately 5,000 feet each. Logs on both wells indicated substantial reserves. Today, Aztec is [...]
