A subsidiary of Denver producer QEP Resources has agreed to buy oil and gas properties in West Texas’ Permian Basin for $950 million, a move to hike the oil on its books, the company said Monday. More »
Houston-based Valerus announced Monday that it has agreed to sell its field solutions unit to Kentz Corporation Limited for $435 million in cash and form a separate company with its remaining business lines. More »
Oil and gas companies will spend more money in 2014 than they ever have to explore for and produce oil and gas, with $723 billion expected to fund the global effort, according to projections from Barclays. More »
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