Deals this week: Ziyen, BSR Minerals I, Enterprise Products Partners

Ziyen has acquired two oil leases in the Illinois basin in Indiana, US.

One of the leases covers a 74-acre tract, while the other is across an 11-acre tract.

Both are adjacent to the Big Bill lease.

Ziyen is a Scottish-American company involved in the development of business intelligence software.

The transaction is expected to strengthen Ziyen’s oil and gas asset portfolio in the US.

BSR Minerals I has planned to divest its mineral rights in assets located across the Dewey, Ellis, Major and Woodward counties of Oklahoma, US.

The oil and gas assets comprise 6,400 net mineral acres (75% producing) and include 21 completed horizontal wells, 51 completed vertical wells and nine horizontal wells that are either being drilled or have been completed.

Meagher Energy Advisors has been appointed to handle the divestment.

Enterprise Products Partners has agreed to divest a 20% stake in the Midland-to-Sealy segment of the Midland-to-ECHO pipeline for $200m.

The US-based midstream energy company will also provide other related commercial activities under the deal.

The Midland-to-Sealy pipeline is a 669.5km pipeline, which is able to transport 540,000 barrels of oil (boe) a day.

The transaction is expected to be completed in mid-2018.

Savannah Petroleum plans to sell a minority stake in the Niger assets.

Located in South East Niger in the Agadem Rift Basin, the assets cover an area of 13,655km² and comprise the R1/R2 and R3/R4 production sharing contract (PSC) areas.

The estimated reserves of the assets are 975 million metric barrels of oil (Mmbbl), while the recoverable resources are 2.8 billion barrels of oil. The production capacity of the assets is 20,000 barrels of oil equivalent a day.

Koch Exploration Company plans to divest a number of its leasehold assets located in San Juan County, New Mexico, US.

The assets cover 12,733 net acres featuring 80 horizontal locations and two productive Mancos zones.

The divestment will be carried out by Oil & Gas Asset Clearinghouse.

Koch Exploration Company is a US-based company involved in the acquisition, development and trading of petroleum and natural gas properties.

KKCG Group plans to acquire assets located in Czech Republic from Innogy SE.

The assets include 65,000km of gas distribution networks, electricity and gas supply operations and six underground storage facilities.

Based in the Czech Republic, the KKCG Group is an international investment group, while Innogy SE is a German energy company.

The acquisition will expand KKCG’s oil and gas property base in the Czech Republic.

Jura Energy Corporation has agreed to raise $3m through the private placement of 11% secured subordinated debentures due April 2020.

Jura Energy will issue 3,000 units, with each unit comprising a $1,000 principal amount and 200 warrants, which will enable the holder to purchase one common share priced at $0.15 a share.

The proceeds will be utilised to repay the company’s existing non-convertible secured subordinated debentures.

BHP Billiton has agreed to divest its interest in the Minerva Gas Plant to Cooper Energy, AWE, and Mitsui E&P Australia.

The Minerva Gas Plant is located onshore Otway Basin, 5km north-west of Port Campbell.

BHP Billiton (90%) and Cooper Energy (10%) are the current partners of the plant. Following the divestment, the partners will be Cooper Energy (50%), AWE (25%) and Mitsui E&P (25%).

BHP Billiton is a diversified natural resources company, while Cooper Energy, AWE, and Mitsui E&P Australia are all oil and gas companies.

The transaction will help Cooper Energy to carry out exploration and development activities in the Otway Basin.