Superior Well Services, Inc. announced that it has closed its previously announced acquisition of certain oilfield service assets from Diamondback Holdings, LLC, a privately-owned company.
Superior acquired Diamondback’s pressure pumping, fluid logistics and completion, production and rental tools business lines for $225 million in total consideration, subject to certain post-closing adjustments. The acquisition consideration consisted [...]

Chesapeake Energy Corporation announced its wholly-owned subsidiary, Chesapeake Energy Marketing, Inc., has entered into a ten-year agreement for firm transportation of 375 million cubic feet (mmcf) per day of natural gas and an option to transport an additional 125 mmcf per day on the Fayetteville Express Pipeline, a new 42-inch, 187-mile pipeline system to be [...]

Superior Well Services, Inc. announced that it entered into a definitive asset purchase agreement to acquire certain oilfield service assets from Diamondback Holdings, LLC, a privately-owned company. Pursuant to the terms of the agreement, Superior will acquire Diamondback’s pressure pumping, fluid logistics and completion, production and rental tools business lines for $270.0 million in cash, [...]

Chesapeake Energy Corporation and BP America announced the execution of a Letter of Intent for a joint venture whereby BP will acquire a 25% interest in Chesapeake’s Fayetteville Shale assets in Arkansas for $1.9 billion. The assets have current daily net production of approximately 180 million cubic feet of natural gas equivalent and include approximately [...]

Enterprise Products Partners L.P. and Oiltanking Holding Americas, Inc. announced they have formed a joint venture to design, construct, own and operate a new Texas offshore crude oil port and pipeline system to facilitate delivery of waterborne crude oil to refining centers along the upper Texas Gulf Coast. The initiative will provide an efficient [...]

Chesapeake Energy Corporation announced that it has closed the sale of its Arkoma Basin Woodford Shale assets to BP America Inc. for approximately $1.7 billion in cash.
Aubrey K. McClendon, Chesapeake’s Chief Executive Officer, commented, “We are pleased to announce the completion of the sale of our Arkoma Woodford properties to BP. This transaction was an [...]

Striker Oil & Gas, Inc. announced that it has amended its original agreement on its Lavaca County prospect which reduces its carried working interest from 15% to 10% to casing point. In exchange, the company received a cash payment of $50,000. These adjustments were necessary to facilitate the drilling of the prospect. This prospect will [...]

Sonterra Resources, Inc and South Texas Oil Company, Sonterra Resources, with South Texas acting as contract operator, has spudded and is currently drilling below 5,000 feet total vertical depth (TVD) in the ST 127 Unit Well No. l under the new contract operating agreement. This well is the initial well in the Sydney/150 Deep Prospect [...]

Harvest Natural Resources, Inc. announced the successful acquisition of significant additional leasehold covering its prospective Bay Exploration Area located near Galveston, Texas. This completes the lease acquisition phase in this area. Harvest and its partners now control a major position in the Bay prospective area containing 13 identified leads in the regionally prolific Frio and [...]

Striker Oil & Gas, Inc. (OTCBB:SOIS) continues to build upon the investments made in 2007 for acquiring and developing new properties. We have experienced an increase in oil and gas production and reserves year to year from 2007 to 2008. We continue to implement our drilling program during 2008 as we continue our strategy to [...]