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Elk Petroleum completes buyout of US oil field for $205m

Australian oil company Elk Petroleum has completed its acquisition of the Greater Aneth oil field from US company Resolute Energy for $US160 million ($205 million). (3-0)

Elk Petroleum concludes transformative acquisition of oil project in the U.S.

Elk Petroleum Limited’s  (ASX:ELK) shares are trading 21% higher intra-day after acquiring a majority ownership in the Greater Aneth Oil Field in the Rocky Mountains, Utah for US$160 million. (3-0)

Elk Petroleum nearing commencement of oil production in Wyoming, U.S.

Elk Petroleum Limited (ASX:ELK) is heading into the final phases of field development at the Grieve CO2 Enhanced Oil Recovery (EOR) joint venture project in Wyoming, with the construction well advanced. (3-0)

The Zacks Analyst Blog Highlights: BP, SeaDrill, Resolute Energy and Oasis Petroleum

2017-09-20 zacks
Chicago, IL – September 20, 2017 – announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include BP plc (NYSE:(BP - Free Report)  – Free Report), SeaDrill Limited (NYSE:(SDRL - Free Report)  – Free Report), Resolute Energy Corporation (NYSE:(REN - Free Report)  – Free Report) and Oasis Petroleum Inc. (189-2)

Oil & Gas Stock Roundup: BP's Contract Renewal, SDRL's Bankruptcy, REN's Asset Sale

2017-09-19 zacks
It was a week where oil prices briefly crossed the key mark of $50. Natural gas futures rallied too as warmer forecasts continue raising expectations for demand. (116-0)

Resolute Energy turns to Delaware basin for stronger balance sheet

2017-09-18 worldoil
DENVER -- Resolute Energy Corporation has announced that it has entered into a definitive agreement to sell its subsidiary, which holds interests in Aneth field in the Paradox basin of Southeastern Utah for total potential consideration of $195 million to an affiliate of Elk Petroleum Limited. Under the terms of the agreement, Resolute will receive cash consideration of $160 million at closing and additional cash consideration of up to $35 million if oil prices exceed certain levels in the next three years. (3-0)

Resolute Energy (REN) to Divest $195 Million Paradox Assets

2017-09-18 zacks
In a bid to transform itself into a Delaware Basin pure play, upstream player Resolute Energy Corporation (REN - Free Report) recently inked a deal to divest assets in the Paradox Basin in southeastern Utah. (29-0)

Featured Company News - Elk Petroleum to Buy Aneth Field from Resolute Energy

2017-09-18 accesswire
LONDON, UK / ACCESSWIRE / September 18, 2017 / Pro-Trader Daily takes a look at the latest corporate events and news making the headlines for Resolute Energy Corp. (NYSE: REN) ("Resolute"), following which we have published a free report that can be viewed by signing up at The Company announced on September 14, 2017, that it has signed an agreement to sell its subsidiary holding 63% operating working interests in Aneth Field in the Paradox Basin of Southeastern Utah to an affiliate of Elk Petroleum Ltd ("Elk") for $195 million. (20-0)

Resolute Energy Sells Aneth Field For $160 Million To $195 Million

2017-09-18 seekingalpha
Resolute sells Aneth Field for $160 million.  There is potential for Resolute to receive up to an additional $35 million depending on future oil prices. (3-0)

Elk Petroleum raising cash for the acquisition of Greater Aneth Oil Field, Utah

Elk Petroleum Limited (ASX:ELK) has successfully completed a placement to institutional, professional and sophisticated investors to raise $27.5million. (3-0)

Did Resolute Energy Get A Good Price For Aneth?

2017-09-17 seekingalpha
Resolute sold the Aneth EOR project in Utah to Elk Petroleum for $160 + 35 million.

Elk Petroleum to acquire the Aneth Oil Field in Utah for US$160M

Elk Petroleum Limited (ASX:ELK) has entered into an agreement with Resolute Energy Corporation to acquire a majority ownership in the Greater Aneth Oil Field in Utah for US$160 million.

Elk Petroleum eyes first oil production at Grieve

Elk Petroleum (ASX:ELK) continues to advance final field development at its Grieve CO2 Enhanced Oil Recovery (EOR) joint venture project in Casper, Wyoming.