Here are five concepts to keep in mind when utilizing stock as a form of consideration in an oil and gas transaction.
The transaction represents SilverBow Resources’ third acquisition in the Eagle Ford since the beginning of August and the largest to date for the company, says CEO Sean Woolverton.
Future wells will not be brought online by Apache without adequate gas takeaway capacity going forward, says John J. Christmann IV, APA’s CEO and president.
Domenic “Nick” Dell’Osso has been appointed as president and CEO and a member of Chesapeake Energy’s board, effective immediately. Mike Wichterich, who served as interim CEO, will assume the role of executive chairman.
However, in an update ahead of quarterly results this month, Shell also flagged a boost to cash flows from soaring natural gas and electricity prices.
The rebrand to Ranger Oil reflects a focus on “safe and efficient oil and natural gas operations in Texas,” where Penn Virginia—which has a corporate lineage dating back to the late 1800s—eventually narrowed its focus in the Eagle Ford Shale.
Comstock Resources plans to reinvest the proceeds into the Haynesville Shale, which the company said may include the acquisition of additional leasehold and funding drilling activity in 2022.
Separately, Callon Petroleum also announced the closing of its acquisition of Primexx Energy Partners in the Delaware Basin plus a boost to its production forecast.
The choice is to invest in oil and gas equities or wait on the sidelines. Some buysiders see opportunity.
The recent acquisition bolstered SilverBow Resources’ gas position in the Eagle Ford in McMullen and Live Oak counties while also adding new oil positions in Atascosa, Lavaca and Fayette counties in South Texas.