This is your Hart Energy LIVE A&D Minute powered by the inaugural Gulf of Mexico Energy Transformation Conference March 21 in Houston.
Matador Resources is making a bold move in the northern Delaware Basin by acquiring an EnCap portfolio company for $1.6 billion, making it the largest deal of 2023 so far. And experts say while it wasn't super cheap, it's priced in line with other major M&A deals.
There's also a buzz in the industry as HighPeak Energy announces its exploration of strategic alternatives, including a possible sale. The company says it has a lot to offer, but the market just isn't paying attention. Could this be the next big deal of the year?
And for those wondering about the state of M&A after a tough 2022, odds are this year will look the same: small- and mid-sized companies slugging it out with large public E&Ps, with the richest likely to remain in the deal driver's seat.
That’s your Hart Energy LIVE A&D Minute powered by the inaugural Gulf of Mexico Energy Transformation Conference -save your seat before we sell out!
Watch new A&D Minute episodes every Wednesday, and sign up for our A&D Watch newsletter at hartenergy.com/deals.
Russia Sees Sanctions Impact on Oil Products, Eyes Crude Export Boost
2023-01-17 - Russia expects Western sanctions to have a significant impact on its oil products exports and therefore its production, but that will likely leave more crude oil to sell, a senior Russian source with detailed knowledge of the outlook told Reuters.
Tighter Market to Push Oil Prices Above $90 in Second Half of the Year
2023-02-28 - Russian output is set to fall amidst Western sanctions curbing revenues and will divert to countries such as China and India that have not sanctioned Moscow over its invasion of Ukraine.
Russian ‘Ghost Tankers’ Stalk Global Oil Markets
2023-02-09 - As many as 600 ghost tankers ferry Russian crude oil and oil products to markets at high risk and reduced prices.
Russian Fiscal, Export Revenues Plunge in January
2023-02-17 - Western sanctions haven’t stopped the Russia-Ukraine war but have impacted the Kremlin’s fiscal and export revenues and complicated Putin’s existence, Dr. Thomas Wilfred O’Donnell, a global fellow with the Woodrow Wilson Center and an instructor at Freie Universität Berlin, told Hart Energy.
Oil Futures Slip as Market Apprehensive of U.S. Interest Rate Hikes
2023-02-27 - Losses were limited by oil supply concerns after Russia halted exports to Poland via a key pipeline.