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Here’s a quicklist of oil and gas assets on the market including Point Energy Partners Operating LLC's Ward County, Texas, divestitures and Quadrille Energy Co. LLC's of interests in various Oklahoma counties.
Here’s a snapshot of recent energy deals including Diamondback Energy completing its $1.55 billion deal to acquire Midland Basin acreage and E&P Arena Energy LLC closing its acquisition of Cox Operating LLC's interests in the Eugene Island 330 and South Marsh 128 oil blocks.
Alliance Resources said Jan. 30 it will purchase Permian oil and gas interests for $72.3 million on the heels of closing a separate $81 million deal.
Formerly known as MorningStar Partners LP, TXO Energy is an MLP with primarily conventional-rock operations in the Permian Basin, New Mexico’s San Juan Basin and Colorado led by industry veteran Bob Simpson.
Despite large-cap publics such as Devon Energy, Diamondback and Marathon Oil dominating M&A in 2022, the overall deal count fell to the lowest level since 2005, according to Enverus.
Here’s a snapshot of recent energy deals including Chesapeake Energy’s $1.4 billion deal to sell Eagle Ford Shale acreage in the Brazos Valley region to WildFire Energy, and Matador Resource’s $1.6 billion bolt-on acquisition in the northern Delaware Basin.
Matador said the deal to purchase Advance Energy, an EnCap-backed company, will not increase its leverage and adds more than 200 net drilling locations in the northern Delaware.
HighPeak Energy CEO Jack Hightower said the company, with a $3 billion market cap, is undervalued given its large inventory and free cash flow profile.
Kinder Morgan is moving forward pipeline project expansions, including the Permian Highway Pipeline and Evangeline Pass, and Kim Dang will succeed longtime CEO Steve Kean, who will retain his position on the board.
In a twist, WildFire’s leadership previously sold some of the assets it will now buy from Chesapeake in 2019 while running WildHorse Resource Development Corp.