This is your Hart Energy LIVE A&D Minute powered by the sixth annual Influential Women in Energy Networking Luncheon event.
Chesapeake Energy’s long-anticipated sale of its Eagle Ford assets came with a twist - the buyers of their South Texas acreage are linked to the company that sold it to Chesapeake back in 2019. While Chesapeake has more to sell, this first deal will command more than $1.4 billion.
All settled in from last year’s merger, Permian Resources is buying and selling bite-sized pieces totaling $300 million. Tudor, Pickering and Holt analysts said the deals lay out a “potential blueprint for how the company could continue to create value through smaller-scale transactions via the M&A market in the future.”
After some M&A quiet time in the Haynesville, WhiteHawk Energy is on the move with an agreement to buy mineral and royalty assets for up to $105 million. Read more about it here.
And what’s private equity thinking about A&D in 2023? Click here to explore their thoughts at the first IPAA conference of the year.
That’s your Hart Energy LIVE A&D Minute powered by the Influential Women in Energy Luncheon Gala - save your seat before time runs out! Watch new A&D Minute episodes every Wednesday, and sign up for our A&D Watch newsletter at hartenergy.com/transactions.
Global Infrastructure Partners’ Harris to be EnLink’s Chairman
2023-03-15 - A founding partner of Global Infrastructure Partners, Matthew Harris is returning to EnLink’s board as its chairman.
Permian, East Texas E&P Legacy Reserves Rebrands as Revenir Energy
2023-03-03 - Revenir operates and develops oil and gas assets in the Permian Basin of West Texas and Shelby County region of East Texas.
Chevron Appoints Mark A. Nelson Vice Chairman
2023-01-27 - With more than 35 years of experience with Chevron, Mark A. Nelson will take on additional responsibilities with the added role of vice chairman.
Ken Robinson Joins Occidental Board of Directors
2023-02-23 - Robinson brings 40 years of senior leadership experience to Occidental Petroleum’s board of directors.
EnCap Upsizes Double Eagle Equity Commitment to $2.3 Billion
2023-01-30 - The upsized equity commitment and establishment of an RBL come as Double Eagle ramps up its development pace in the Permian Basin, including the recent addition of two drilling rigs.