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Tullow Sells Kenyan Business to Gulf Energy

Rigzone

The assets to be sold had around 36 million barrels of proven and probable reserves as of yearend 2024, according to Tullow. for at least $120 million in cash. Tullow Oil Gabon holds Tullow’s entire portfolio in the Central African nation, which consists of non-operating stakes. The sale is expected to be completed this year.

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EOG Resources to Acquire Encino Acquisition Partners from CPP Investments and Encino Energy, Strengthening Premier Utica Asset; Increases Regular Dividend 5%

Oil & Gas 360º

Immediate returns-enhancing benefits: significantly expands EOGs contiguous liquids-rich acreage, adds premium-priced gas exposure, and increases working interest The acquisition expands EOGs core acreage in the volatile oil window, which averages 65% liquids production, by 235,000 net acres for a combined contiguous position of 485,000 net acres.

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Whitecap Resources, Veren to combine to form C$15 billion Canadian energy giant

Oil & Gas 360º

The combined company becomes the largest Canadian light oil focused producer and the seventh largest producer in the Western Canadian Sedimentary Basin, with significant natural gas growth potential. times net debt/funds flow, which is expected to continue to further strengthen to 0.8