CrownRock LP
Transactions
BreitBurn Energy Closes Permian Acquisitions For $302 Million
BreitBurn Energy Closes Permian Acquisitions For $302 Million
BreitBurn Energy Partners Closes Permian Basin Acquisition
BreitBurn Energy Partners Closes Permian Basin Acquisition
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New Financings
Priced a private offering of 5.000% senior unsecured notes due 2029. CrownRock, an oil and gas producing…
Pricing a private offering of $185 million aggregate principal amount of 5.625% senior notes due 2025 at…
Priced a private offering of $1 billion principal amount of 5.625% senior notes due 2025. The notes will…
Completed its offering of 7.125% senior unsecured notes due 2021. Proceeds will be used to fund its…
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News
Super-Deep Midland Making Big Barrels—and Big Gas
The 4.6 Bcf/d of new Permian Basin gas takeaway may be followed by another 5.9-Bcf/d expansion, and “we believe all will be needed,” a KeyBanc Capital Markets analyst said of findings from deeper target Midland Basin wells.
Anschutz: Powder River’s Winning Factor? Vast Potential
Anschutz Exploration is avoiding the noise of market uncertainty in the Rockies’ Powder River Basin, operating under CEO Joseph DeDominic’s strategy of working “like you’re going to own it for the life of the well.”
Widening Bid-Ask Spread Slows US Oil M&A
After a two-year dealmaking frenzy, the U.S. oil M&A engine is stalling as wild price swings and geopolitical tremors unsettle both buyers and sellers. M&A experts tell Hart Energy it could be months before big-ticket oil deals regain momentum.
M&A Experts: Expect Brisk Return to Deal Flow in Second Half
Private equity firms are loaded for “pent-up” portfolio rationalization after rampant industry consolidation, particularly in the Permian—but the timing is anyone’s guess.
Powder River E&Ps Target New Zones as Oil Prices Threaten Growth
Powder River Basin E&Ps are turning to 3-mile laterals and untapped zones to improve the play’s economics. But with oil prices at $60/bbl and superior returns elsewhere, Wyoming must keep fighting for relevancy.
Occidental Pushes Midland Exploration into Strawn, Wichita-Albany
Occidental Petroleum is venturing beyond the Wolfcamp and Spraberry to explore deeper potential in the Permian Basin’s Strawn, Atoka, Wichita-Albany and Barnett formations.
Volatility to Slow Upstream M&A After $17B in Q1 Dealmaking—Enverus
Upstream deal markets are heading into territory reminiscent of the conditions seen in the first half of 2020, said Andrew Dittmar, Enverus’ principal M&A analyst.
Undrilled but not Unnoticed: White Space Buyers Invest Now for Future Upside
Undeveloped, unpermitted acreage lures private equity risk-takers who want in on the mineral and royalty coffers.
‘Golden Age’ of NatGas Comes into Focus as Energy Market Landscape Shifts
As prices rise, M&A interest shifts to the Haynesville Shale and other gassy basins.
In Inventory-Scarce Permian, Could Vitol’s VTX Fetch $3B?
With recent Permian bids eclipsing $6 million per location, Vitol could be exploring a $3 billion sale of its shale business VTX Energy Partners, analysts say.
Oxy, Looking to Cut Debt, Sells D-J Minerals to Elk for $905MM
Elk Range Royalties bought 250,000 net royalty acres in the Denver-Julesburg Basin for $905 million from Occidental Petroleum, which is looking to shed debt after last year's acquisition of CrownRock.
Oxy CEO: US Oil Production Likely to Peak Within Five Years
U.S. oil production will likely peak within the next five years or so, Oxy’s CEO Vicki Hollub said. But secondary and tertiary recovery methods, such as CO2 floods, could sustain U.S. output.
Occidental to Up Drilling in Permian Secondary Benches in ‘25
Occidental Petroleum is exploring upside in the Permian’s secondary benches, including deeper Delaware Wolfcamp zones and the Barnett Shale in the Midland Basin.
NAPE Panelist: Occidental Shops ~$1B in D-J Basin Minerals Sale
Occidental Petroleum is marketing a minerals package in Colorado’s Denver-Julesburg Basin valued at up to $1 billion, according to a panelist at the 2025 NAPE conference.
Occidental, Ecopetrol Extend Midland Basin Drilling JV
The updated plans between Occidental and Colombian state oil company Ecopetrol call for 34 new Midland Basin wells between April 2025 and June 2026.