Deals this week: Gulfport Energy, Diamondback Energy, Athabasca Oil

Gulfport Energy Corporation has agreed to acquire oil and gas assets located in Grady, Stephens, and Garvin counties in Oklahoma, US, from Vitruvian II Woodford.

The $1.85bn-worth deal will be funded by Gulfport Energy through a combination of $1.35bn of cash and approximately $500m-worth equity.

The assets cover an area of 85,000 net effective acres, including roughly 1,750 gross drilling locations and 48 producing horizontal wells. The transaction also includes the acquisition of an additional stake in approximately 150 non-operated horizontal wells.

Gulfport Energy has chosen Bank of America Merrill Lynch as financial advisor and Akin Gump Strauss Hauer & Feld as legal advisor for the transaction.

Scheduled for completion in February 2017, the deal will allow Gulfport Energy to expand its oil and gas assets portfolio in Oklahoma.

Diamondback Energy has announced the pricing of public offering of 10.5 million shares to raise $1.01bn.

The underwriters have been granted a 30-day option to buy up to 1.57 million shares.

Diamondback has selected Credit Suisse Securities (USA), Goldman, Sachs & Co., and J.P. Morgan Securities as joint book-running managers, and Akin Gump Strauss Hauer & Feld as legal advisor for the offering.

The proceeds from the issue are intended to be used by the company to finance the cash consideration for the acquisition of certain oil and natural gas assets of Brigham Resources Operating and Brigham Resources Midstream, and for general corporate purposes.

The public issue is scheduled for completion on 20 December.

Athabasca Oil Corporation has agreed to acquire 100% stake in Kai Kos Dehseh (KKD) oil sands project in Athabasca region, Alberta, Canada, from Statoil Canada.

The $633.86m deal will be funded by Athabasca Oil through a cash payment of $331.4m and issuance of 100 million shares worth $112m.

The KKD project comprises Leismer and the undeveloped Corner oil sand leases, extending an area of 123,200 net acres in Alberta.

Athabasca Oil has selected Goldman Sachs Canada and TD Securities as financial advisors for the transaction.

Scheduled for completion in the first quarter of 2017, the deal will allow Athabasca Oil to expand its oil assets portfolio in Alberta.

RSP Permian has announced pricing and upsizing of a private placement of 5.25% senior unsecured notes, due 2025.

The company intends to raise $450m from the placement, which has been upsized from $100m.

The company intends to use the proceeds from the placement to partially fund its proposed acquisition of Silver Hill E&P II.

The private placement is scheduled for closure on 27 December.

Callon Petroleum Operating Company has agreed to a $615m acquisition of certain undeveloped acreage and producing oil and gas properties located in the southern Delaware Basin, Texas, US, from American Resource Development.

The purchase consideration will be funded by the company through the proceeds from equity offering and using cash in hand or a revolving credit facility.

The assets include approximately 27,552 gross surface acres, comprising 481 gross identified horizontal drilling locations and 20 gross operated horizontal wells.

Bracewell is the legal advisor to American Resource for the transaction, which is scheduled to be completed on or before 13 February 2017.