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.
S&P Lowers Currency Ratings on Argentine Producers
2023-03-31 - S&P Global Ratings lowered the local and foreign currency ratings to ‘CCC-’ from ‘CCC+’ on Pampa Energia S.A., YPF S.A. and nine other entities, which all now have a negative outlook.
Energy Transition in Motion (Week of March 31, 2023): Advancing Projects, Investment
2023-03-31 - Here’s a look at some of this week’s renewable energy news, including plans to add offshore wind capacity globally.
Norway’s PGS Places $450 Million Bond
2023-03-31 - Norwegian marine geophysical company PGS ASA placed a new $450 million senior secured bond, which together with cash on hand will be used to repay the company’s B term loan.
Brad Gray on Diversified’s Strategy Past Appalachia [WATCH]
2023-03-30 - Diversified Energy’s Brad Gray sat down with Pietro Pitts at Hart Energy’s DUG Haynesville Conference in Shreveport to talk about what Diversified is doing to set itself apart from other E&Ps and future plans as the company expands outside of the Appalachian Basin.
SM Energy Announces $0.15/Share Quarterly Cash Dividend
2023-03-30 - SM Energy's board of directors announced the quarterly cash dividend of $0.15/share of common stock outstanding will be paid out to stockholders on May 5.