Deals this week: National Company KazMunayGas, Superior Plus Corp

National Company KazMunayGas plans to issue bonds through a private placement.

Based in Kazakhstan, National Company KazMunayGas is a state-owned oil and gas company.

The joint book-running managers for the placement were Citigroup, Halyk Finance, JP Morgan Securities, Mitsubishi UFJ Financial Group and UBS Investment Bank.

Superior Plus Corp has agreed to divest its refined fuels business and terminal properties located in New York, US, to Sunoco for C$51.4m ($39.8m).

Based in Canada, Superior Plus Corp is an energy distribution company, while Sunoco is a motor fuels distributor based in the US.

Superior Plus Corp will be doing business through its affiliate Superior Plus Energy Services. It plans to use the funds raised from the divestment to expand its fuel distribution business and repay its debts.

Humber Oil & Gas has entered a farm-in agreement with Egdon Resources and Montrose Industries to acquire a 10% stake in PEDL253.

Located in the South Humber Basin in Lincolnshire, UK, the PEDL253 contains the Biscathorpe Prospect, which has estimated reserves of 14 million barrels of oil equivalent (Mboe).

Humber Oil will fund the cost of the Biscathorpe-2 well and make an additional payment of £0.1m ($0.14m) to earn the interest in the license.

The partners in the license following the deal will be Egdon Resources (35.8%), Montrose Industries (22.2%), Union Jack Oil (22%) and Humber Oil (20%).

All the companies involved in the transaction are oil and gas companies based in the UK.

The acquisition is expected to strengthen Humber Oil’s oil and gas asset portfolio in the country.

Samson Oil & Gas has agreed to issue four million American depository shares (ADS) priced at $0.25 each in a private placement to raise $1m.

Private equity firm DynEvolve Capital will subscribe to the placement.

Based in Australia, Samson Oil & Gas is an exploration and production company. It plans to utilise the funds raised towards a work-over programme in the Foreman Butte project.

PetroShale has purchased additional oil and gas assets located in the South Berthold core area of North Dakota, US, for $17.8m.

Based in Canada, PetroShale is an oil and gas exploration and production company.

The transaction is expected to strengthen PetroShale’s asset portfolio in North Dakota.

Keyera Corp has signed an agreement to purchase the Pipestone Liquids Hub and the planned Pipestone processing plant from Encana Corporation for C$39m ($30.23m).

Pipestone Liquids Hub and the planned Pipestone processing plant are located in Alberta, Canada.

Keyera Corp is a midstream company while Encana Corporation is an energy company.

Keyera Corp is executing the transaction through its subsidiary Keyera Partnership. The transaction is expected to strengthen Keyera’s presence in the Montney development in north-west Alberta.

Obsidian Energy plans to divest the Peace River assets located in Alberta, Canada, to sovereign wealth fund China Investment Corporation.

Obsidian Energy concurrently plans to divest its oil and gas assets in the Viking formation located in Alberta, Canada.

Obsidian plans to use the funds raised from the divestment to focus on the growth of the Cardium assets, debt repayment and other general corporate purposes.

Exelon Generation Company has signed an agreement with Engie to purchase the Everett liquefied natural gas (LNG) import terminal near Boston, Massachusetts, US.

Based in the US, Exelon is a renewables energy company, while Engie is an electric utility based in France.

The transaction is expected to strengthen Exelon’s asset base.

BCE-Mach has purchased oil and gas assets located in Woods County and Alfalfa County in Oklahoma, US, from Chesapeake Energy Corporation.

BCE-Mach is a US-based joint venture (JV) company formed by Bayou City Energy Management and Mach Resources, while Chesapeake Energy Corporation is an oil and gas company.

Comstock Resources has signed a definitive purchase and sale agreement to divest its oil and gas properties in the Eagle Ford shale located in south Texas, US, to USG Energy Producer Holdings for $125m.

Comstock is divesting the properties through its subsidiary Comstock Oil & Gas.

Based in the US, Comstock Resources and USG Energy Producer Holdings are both oil and gas companies based in the US.

The deal is expected to strengthen USG Energy’s asset base, while enabling Comstock Resources to repay its debts.

Comstock Resources has concurrently agreed to raise $75m by issuing ten million shares priced at $7.50 a share in a private placement, which will be subscribed to by Arkoma Drilling.

Comstock will utilise the proceeds towards refinancing purposes.

ConocoPhillips has purchased 35,000 net acres in the Montney play in British Columbia, Canada, for $120m.

The acquisition will increase ConocoPhillips’ acreage position to 140,000 net acres and strengthen its oil and gas portfolio in the liquids-rich Montney play.

ConocoPhillips has concurrently signed a definitive agreement to divest its non-core properties located in Texas and New Mexico for $250m.