QEP Resources to Sell O&G Assets to Aethon Energy

Monday, November 19, 2018

QEP Resources Inc said on Monday it will sell its oil and gas assets in the Haynesville-Cotton Valley in northwest Louisiana to Aethon Energy Management LLC for $735 million, as it plans to become a pure-play Permian operator.

The deal is expected to close in January 2019, the company said.


(Reporting by Debroop Roy; Editing by James Emmanuel)

Categories: Contracts Finance Energy Shale Oil & Gas North America Shale

Related Stories

Rising Costs of War: Gulf Energy Infrastructure Stares Down $25B Repair Bill

ADES Expects Up to 44% Earnings Rise Despite Regional Tensions Impacting Rigs

Eni Advances Angola Gas Project, Secures $9B Credit Facility

Governments Move to Shield Economies as Oil Jumps 25%

Oil Prices Go Up 3% as Iran Crisis Disrupts Supply

China Looks Best Placed to Weather Iran Energy Shock

Mubadala Hires SLB for Deepwater Drilling Services Offshore Indonesia

Transocean-Valaris Tie-Up to Create $17B Offshore Drilling Major with 73 Rigs

Northern Offshore’s Energy Emerger Rig Up for Drilling Job off Oman

Low Demand, High Supply Keeps Asia LNG Spot Prices Flat

Current News

Rising Costs of War: Gulf Energy Infrastructure Stares Down $25B Repair Bill

ADES Expects Up to 44% Earnings Rise Despite Regional Tensions Impacting Rigs

Thai Tanker Transits Hormuz after Iran Talks

Iran to UN: 'Non-Hostile' Ships Can Transit Strait of Hormuz

Oil Falls on Middle East Ceasefire Hopes, Easing Supply Fears

Oil Executives Flag Long-Term Impact of Iran Conflict

Oil Rises as Iran Denies US Talks, Supply Risks Persist

CNOOC Names New CEO

Qatar LNG Exports Cut 17% After Missile Strikes, $20B Revenue Loss Expected

China’s Sinopec Plans to Skip Iranian Oil, Tap Strategic State Reserves

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com