The buyer of Devon’s Barnett position is Kalnin Ventures, a gas-focused investment vehicle backed by Thailand-based coal mining and power generation company Banpu Pcl.
The agreement between Tallgrass and a group led by Blackstone Infrastructure Partners is part of a trend of take-private offers for public energy companies that emerged this year.
WPX plans to implement a dividend in conjunction with the Felix acquisition, targeting about $0.10 per share on an annualized basis at initiation.
The resignation of Paul McKinney is in connection with SandRidge’s latest initiative designed to maximize free cash flow while also improving shareholder value.
The deal adheres to a plan W&T Offshore outlined earlier this year as necessary to drive increased shareholder value from acquisitions, says CEO Tracy W. Krohn.
Talos Energy signed agreements with three different private E&Ps to acquire assets that include over 40 identified exploration prospects located on roughly 700,000 gross acres in the U.S. Gulf of Mexico.
The JV partnership is the second Devon Energy has formed with Dow in recent years as E&Ps are increasingly left with fewer capital options.
© 2020 Hart Energy. All rights reserved. Reproduction in whole or in part, in any form or medium without express written permission is prohibited.