This is your Hart Energy LIVE A&D Minute powered by the DUG Haynesville Conference March 28 and 29 in Shreveport.
Last year, Diamondback Energy bought more than $3 billion worth of Midland Basin assets. Now the company is in the market to sell in a big way. Click here if you want to know what they’ve unloaded so far and their surprising new sales goal.
Chesapeake Energy’s quest to become a natural gas only producer meant selling their oily Eagle Ford assets. After a January deal was met with some lukewarm results, why is one analyst saying their more recent $1.4 billion deal was a "much better deal this time"?
Private equity was a go-to seller last year to large oil and gas companies. But signs point to a financial regrouping by PE. A newly backed Quantum Energy Partner’s portfolio company is already buying up D-J Basin assets. So what’s next for private equity in the E&P world?
That’s your Hart Energy LIVE A&D Minute powered by the inaugural Gulf of Mexico Energy Transformation Conference - Save your seat before it sells out! Watch new A&D Minute episodes every Wednesday, and sign up for our A&D Watch newsletter at hartenergy.com/transactions.
Recommended Reading
Saudi Arabia Crude Exports Slip in February
2023-04-17 - Saudi Arabia's energy ministry is also voluntarily cutting oil production by 500,000 bbl/d from May until the end of 2023.
Chevron Seeks Drilling Ship to Expand East Med Gas Search
2023-04-18 - Chevron is expanding production to meet growing demand.
Saudi Aramco to Develop Iraqi Gas Field: Iraq Oil Minister
2023-05-25 - The Iraqi oil ministry announced that Aramco will invest and develop Akkas gas field in the western Iraqi Anbar province.
Norwegian Oil and Gas Platform to Resume Operations After Spill
2023-04-18 - Operations at the Njord A oil and gas platform in the Norwegian Sea will resume on April 18 after an oil leak was found on April 17 of less than 200 liters.
Russia's Oil Heartland in Siberia Boosts Drilling in March
2023-04-24 - West Siberia boosted oil well drilling in March as it tries to keep up production capacity amid Russian output cuts.