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PetroGas Company

Company Summary

Description

PetroGas Company is committed to becoming a world leader in hydrocarbons production. To that end, we must continuously achieve superior financial and operating results while simultaneously adhering to high ethical standards.

Website

http://www.petrogas-company.com/about.php

Operational Regions

  • Texas and Producing Region

Recent news

  • 7/6/2022 - AltaGas Announces 25.97%... (subscriber access)
  • 1/3/2020 - AltaGas Pressured to Up... (subscriber access)
  • 7/10/2019 - Total Sells its British... (subscriber access)
  • 2/26/2018 - PetroGas Acquiring a... (subscriber access)
  • 2/21/2017 - PetroGas Acquires 150-Acres in Oklahoma Mineral Rights

Company Transactions

Date: 12/30/2019
Type: Acquisition

BUYERS:
  • PetroGas Company
  • HitechVision
    • SELLERS:
  • TotalEnergies
    • DETAILS:

    COST: 635 $MM

    VOLUMES: 25 MBOE/d

    NOTES:
    Total sold its British North Sea oilfields to private equity fund HitecVision and Petrogas for $635 million.
    REGIONS:
  • North Sea

    • Date: 2/26/2018
    Type: Acquisition

    BUYERS:
  • PetroGas Company
    • DETAILS:

    ACRES: 1600 Acres

    NOTES:
    PetroGas reported that it is acquiring a minority stake on 1,600 total acres in Terry County, Texas.
    REGIONS:
  • Permian Basin

    • Date: 2/21/2017
    Type: Acquisition

    BUYERS:
  • PetroGas Company
    • DETAILS:

    ACRES: 150 Acres

    REGIONS:
  • Midcontinent

    • Date: 2/7/2017
    Type: Acquisition

    BUYERS:
  • PetroGas Company
    • DETAILS:

    ACRES: 160 Acres

    NOTES:
    Acquisition of an oil and gas lease of approximately 160 acres in Payne County, Oklahoma.
    REGIONS:
  • Midcontinent

    • Date: 2/1/2017
    Type: Acquisition

    BUYERS:
  • PetroGas Company
    • DETAILS:

    ACRES: 160 Acres

    NOTES:
    Mineral rights to 160-acres in Harper County, OK
    REGIONS:
  • Midcontinent

    • Date: 1/30/2017
    Type: Acquisition

    BUYERS:
  • PetroGas Company
    • SELLERS:
  • BP America Inc
  • Enervest Ltd.
  • Montgomery Exploration Co
    • DETAILS:
    NOTES:
    Petrogas has acquired fractional interests in 6 wells located in Carter and LeFlore County, Oklahoma & Brazos and Fayette County, Texas for an undisclosed value.
    REGIONS:
  • South Central

    • Date: 1/25/2017
    Type: Acquisition

    BUYERS:
  • PetroGas Company
    • SELLERS:
  • Bureau of Land Management
    • DETAILS:

    ACRES: 160 Acres

    REGIONS:
  • Bakken

    • Date: 1/18/2017
    Type: Acquisition

    BUYERS:
  • PetroGas Company
    • SELLERS:
  • Bureau of Land Management
    • DETAILS:

    ACRES: 161 Acres

    NOTES:
    Petrogas has acquired 161-acres in oil & gas leases in Colorado in an auction held by the U.S. federal government. The leases cover land in Lincoln County, CO and are on a 10-year term with 12.5% in royalty payments to the government.
    REGIONS:
  • Rockies

    • Date: 1/11/2017
    Type: Acquisition

    BUYERS:
  • PetroGas Company
    • DETAILS:
    NOTES:
    Petrogas acquired a fractional interest in 11 oil and gas wells operated in
    REGIONS:
  • Texas and Producing Region
  • East Texas/Louisiana

    • Date: 12/28/2016
    Type: Acquisition

    BUYERS:
  • PetroGas Company
    • SELLERS:
  • Lighthouse Oil & Gas
  • Vanguard Operating, LLC
    • DETAILS:
    NOTES:
    Petrogas has acquired additional fractional interest in a series of four wells in Dewey County, Oklahoma. Of the four wells, two are producing commercial volumes of oil & gas. The wells are being operated by Vanguard of Houston and Lighthouse Oil & Gas.
    REGIONS:
  • Midcontinent

    • Date: 12/14/2016
    Type: Acquisition

    BUYERS:
  • PetroGas Company
    • SELLERS:
  • BP America Production Company
  • Unit Petroleum Company
    • DETAILS:

    VOLUMES: 559.5 BOE/d

    NOTES:
    PetroGas acquired a fractional interest in four oil and gas wells located in Roberts County, Texas. The wells combined produced 2.57 MMcf/d of natural gas and 131 bbl/d of crude oil for the 6-month period ending in May 2016.
    REGIONS:
  • Texas and Producing Region