US independents Anadarko and Noble Energy have agreed to exchange around 50,000 net acres of leasehold in the Wattenberg field in northeastern Colorado.
US independent Devon and midstream company Crosstex have agreed to combine Crosstex’s assets and Devon’s midstream assets to form a new midstream business, which remains unnamed for the time being. Devon is contributing assets worth an estimated $4.8 billion.
Ultra Petroleum has agreed to buy oil-producing properties in the Uinta Basin for $650 MM and plans to use debt to fund the deal. The assets produce 4,000 barrels per day of oil net to Ultra.
Chevron has bought exploration interests in two deepwater offshore blocks spanning more than 8 MM acres in Australia’s Bight Basin . Chevron will operate the blocks with a 100% interest. An Australian news output reports expected exploration expenditures of nearly $500 MM.
Biofuels firm Kior has obtained commitments for $100 million in equity from funds run by Bill Gates and Vinod Khosla to expand production capacity at its facility in Columbus, Mississippi.
Electricity provider NRG Energy is buying Edison International‘s bankrupt Edison Mission Energy for $2.64 billion. The deal will add wind, gas, coal and oil and waste coal-fired capacity to NRG’s existing assets.
Investment firm Energy & Minerals Group, which was spun out from NGP Energy Capital Management LLC, is said to be seeking $2.5 billion for its next private-equity fund, according to Bloomberg. The article refers to competition among private equity firms to capitalize on opportunities in the US’ expanding energy industry.
OneRoof Energy announced that a subsidiary of GDF SUEZ Energy North America (GSENA) will purchase a minority stake in OneRoof Energy, Inc. This agreement is an effort for OneRoof Energy to capitalize on global energy provider GDF SUEZ’s rich industry knowledge to explore development of new solar energy products and strategies for customer acquisition – particularly on the East Coast, where GSENA has been an active participant in deregulated markets.
Pioneer Natural Resources Company announced a purchase and sale agreement with Caelus Energy Alaska LLC to sell 100% of the equity in Pioneer’s subsidiary, Pioneer Natural Resources Alaska, Inc., for cash proceeds of $550 million. Net production from the Alaska subsidiary averaged approximately 4,000 barrels oil equivalent per day over the first nine months of 2013.
