How many more acquisitions will this company make? Find out in this A&D Minute with Hart Energy LIVE powered by BOK Financial Securities.
Just last month, Patterson UTI announced plans to merge with NexTier Oilfield Solutions to create a $5.4 billion services giant. Now they're acquiring drill bit manufacturer, Ulterra Drilling Technologies, expanding its market share and drilling and completions. What's their next acquisition?
Ring Energy divested acreage in the Permian Basin as the E&P works to shore up its balance sheet and reduce debt. Ring disclosed selling its non-core asset position in the Delaware Basin to an undisclosed buyer and is also looking to sell more. The company is currently marketing assets on the New Mexico side of the Permian.
Many U.S. electric utilities are streamlining their operations to shift away from fossil fuels towards cleaner energy sources, including solar and wind to meet their climate goals, including utility firm Duke Energy, who's selling its commercial distributed generation business to private equity firm ArcLight Capital Partners. The deal includes operating renewable energy assets, as well as a pipeline of projects in development.
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2023-09-14 - TotalEnergies and APA Corp. have launched development studies offshore Suriname in Block 58 and eye the start of detailed engineering studies by end 2023 and a $9 billion FID by year-end 2024.
2023-11-06 - Amid an all-stock buying bonanza in recent weeks spurred on by Exxon Mobil and Chevron to snatch up shale and international assets, APA remains focused on creating value.
2023-11-06 - From another postponement of the Gulf of Mexico’s Lease Sale 261 to new contract awards, below is a compilation of the latest headlines in the E&P space.
2023-11-10 - Partners have tapped the SIA joint venture to create a conceptual subsea development to produce the oil.
2023-11-06 - BW Energy plans to return to the Hibiscus South Prospect well to complete it as a production well in early 2024.