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gasfacts2019

SM Energy Co., Denver, has agreed to acquire 35,700 net acres in Howard and Martin counties of West Texas from Houston-based QStar LLC, a portfolio company of EnCap Investments LP and a related entity, for $1.1 billion in cash plus 13.4 million shares of SM Energy common stock.

Tourmaline Oil Corp., Calgary, has agreed to acquire 206,000 net acres and associated infrastructure in western Canada from Royal Dutch Shell PLC affiliate Shell Canada Energy for $1.037 billion, or $1.369 billion (Can.).

Oasis Petroleum Inc., Houston, has agreed to acquire 55,000 net acres and 226 gross operated drilling locations in Williams and McKenzie counties, ND, part of the Williston basin, from Denver-based SM Energy Co. for $785 million.

Stone Energy Corp., Lafayette, La., will file Chapter 11 by Dec. 9 and sell its properties in the Appalachia basin to Ft. Worth investment firm Tug Hill Inc. for $360 million in cash.

General Electric Co. has agreed to merge its oil and gas business with Baker Hughes Inc., creating an equipment, technology, and services provider with $32 billion of combined revenue and operations in more than 120 countries.

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