A company just made its largest deal. The Permian is still a deal making hotspot, and there's a reemerging oil play that's catching our attention in this A&D Minute sponsored by BOK Financial Securities.

Kimbell Royalty Partners announced its largest deal in company history. They're scooping up Permian Basin and Midcontinent assets from a private seller for $455 million in cash. The oil and gas mineral and royalty interests are located in the core positions of the Delaware, Midland and Midcontinent.

Other deals are being done across the Permian, America's hottest oil basin. Permian pure-play Diamondback Energy sold an ownership interest in Midland Basin crude oil gathering assets for $225 million. The sale helped Diamondback pass its $1 billion divestiture target, but analysts say the company might not be done selling off assets.

And there's another part of Texas that's caught our attention: The Eagle Ford. Magnolia Oil & Gas bolted on assets in the Giddings field in a $40 million deal. Magnolia is focused on the Austin Chalk where it holds 22,800 net acres in the core of Karnes County. Magnolia also holds a large position in the Giddings area, which it says is a “re-emerging oil play with significant upside.”

That's your A&D Minute powered by BOK Financial Securities. Be the first to watch new episodes every Wednesday with our A&D Watch newsletter. Sign up at hartenergy.com/transactions.

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