Concurrent with a new $400 million equity commitment from EnCap Midstream, Ironwood stuck a deal to acquire Twin Eagle midstream assets in South Texas.
Kimbell’s all-stock acquisition, with privately-held Buckhorn Resources, includes mineral and royalty assets primarily located in the core of the Eagle Ford Shale in South Texas.
Equinor entered the Eagle Ford asset at the height of the U.S. shale boom in 2010 through a 50/50 JV acquisition with Talisman Energy, now owned by Repsol.
Marathon Oil also unveiled a new Delaware Basin oil play with over 60,000 contiguous net acres in Ward and Winkler counties, Texas.
Currently, Oilfield Water Logistics (OWL) owns and operates the largest commercial produced water gathering and transportation system in the Northern Delaware Basin.
Despite a severe discount, Pengrowth CEO Pete Sametz said the transaction is the best available alternative for the Calgary, Alberta-based oil and gas producer.
Encana is set to become U.S.-based Ovintiv Inc. as the company continues the strategic transformation it undertook more than five years ago.
© 2019 Hart Energy. All rights reserved. Reproduction in whole or in part, in any form or medium without express written permission is prohibited.