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18 Aug 17
US: Silver Run to merge with Alta Mesa and Kingfisher Midstream to form $3.8 billion STACK play company
Silver Run Acquisition Corporation II has entered into definitive agreements to combine with Alta Mesa Holdings and Kingfisher Midstream. Alta Mesa is an independent exploration and production company with assets located in the STACK play in Oklahoma. Kingfisher is a company engaged in the gathering, processing, and marketing of hydrocarbons in the STACK play.
17 Aug 17
US: 88 Energy announces Icewine-2 operations update
88 Energy has provided an update on Project Icewine, located onshore North Slope of Alaska. Flow testing on Icewine-2 to re-commence week beginning 21st August post six week shut-in.
16 Aug 17
GoM: Gulf of Mexico Lease Sale 249 yields $121 million in high bids
Gulf of Mexico Lease Sale 249 generated $121,143,055 in high bids for 90 tracts covering 508,096 acres in federal waters of the Gulf of Mexico. A total of 27 companies participated in the sale, submitting 99 bids totaling $137,006,181.
16 Aug 17
Brazil: Petrobras reports lower pre-salt production in July
In July, the oil and natural gas production operated by Petrobras (wholly-owned and partner shares) in the pre-salt layer was 1.61 million boed, a volume 4.3% lower than the previous month. This was due mainly to the scheduled stoppage of the P-58 FPSO in the Campos Basin.
16 Aug 17
Canada: NU-Oil and renews lease PL2002-01(A) in Western Newfoundland
NU-Oil has received formal confirmation of the renewal of onshore petroleum lease PL2002-01(A) in Western Newfoundland, Canada, which is held by its Canadian subsidiary, Enegi Oil.
15 Aug 17
US: Whiting Petroleum announces $500 million sale of Fort Berthold Area assets in North Dakota
Whiting Petroleum has an agreement to sell its Fort Berthold Indian Reservation area assets located in Dunn and McLean Counties, North Dakota to RimRock Oil & Gas Williston for a cash purchase price is $500 million.
15 Aug 17
Cuba: Melbana Energy announces up to $6.6 million capital raising for Cuba drilling preparations
Melbana Energy has announced a placement to raise approx. $1.8 million and an entitlement offer of shares to raise up to approx. $4.8 million. Proceeds will be used primarily to allow the Company to undertake the necessary initial preparations for the planned Cuba drilling program in 2018 on the Company’s 100% owned onshore Block 9 PSC (but excluding drilling itself).



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