Thank you for attending the 2014 A&D Strategies and Opportunities Conference and Workshop
This year 550+ attendees and 29 speakers packed The Ritz-Carlton Hotel in Dallas, TX for a sold-out event. Attendees experienced two solid days of networking, deal-making, industry coverage and interactive learning opportunities.
The 2014 A&D Workshop also gave attendees a unique opportunity to test their negotiation skills through the ever-popular "Let's Make a Deal" Lab and the A&D Shark Tank. Both hands-on sessions allowed participants to practice today's most-successful A&D tactics in a fun competitive environment.
The conference may be over, but the conversation isn't. Find out what other attendees are saying about the 2014 A&D Strategies and Opportunities conference and workshop. We would love to hear about your experience too!
And be sure to save the date for next year’s event, scheduled September 9-10, 2015 at The Ritz-Carlton Hotel in Dallas, TX.
Apache Maneuvers Anadarko Assets Sale, Plots Big Shift Overseas Already lining up efforts to sell or spin off nearly $30 billion in overseas assets, Apache Corp. (NYSE: APA) reportedly plans to sell off a portion of its natural gas assets in Texas and Oklahoma, according to published reports.
The company’s asking price is in the neighborhood of about $2.5 billion.
Apache, based in Houston, is working with Wells Fargo to sell the assets, Reuters said, citing unidentified sources. About 100,000 net acres of oil and gas producing assets in the Anadarko Basin will be marketed, including Stiles Ranch, Verden and Mocane Laverne properties in Texas and Oklahoma.
Apache and Wells Fargo did not comment on the matter.
Magnum Hunter’s Williston Sale A Gain For Marcellus, Utica Growth Magnum Hunter Resources Corp. (NYSE: MHR) made another step in its year-long strategy to grow production and reserves in the Marcellus and Utica shales by unloading a few thousand noncore acres.
The company sold for about $23.1 million in cash noncore and nonoperated working interests in Williston Basin assets to a privately held company affiliated with Formation Energy LP, it said Sept. 30.
The assets include ownership interest in roughly 34,600 gross (2,852 net) leasehold acres in Divide County, N.D., and were sold by its subsidiary, Bakken Hunter LLC. The sold interest currently accounts for about an average net production of just 170 barrels of oil equivalent per day (boe/d).
“The proceeds of these divestitures have been used to reduce our overall indebtedness and to fund our growing operations in the Marcellus and Utica Shale plays of West Virginia and Ohio,” said Gary C. Evans, Magnum Hunter chairman and CEO, in a statement.