This company is boosting its stake in a Canadian oil sands project in a $3 billion deal with TotalEnergies. The deal transfers full ownership of the Surmont oil sands asset in Alberta to ConocoPhillips, whose first right of refusal on the project trips up Canadian producer Suncor’s plans to acquire Total’s Canadian business.
After closing a transformational deal earlier this year, VTX Energy Partners is looking for more growth in the Permian and aims to be a consolidator in the fragmented southern Delaware Basin. CEO Gene Shepherd said the company might even look to do M&A outside of the Permian.
The team behind Stronghold Energy II is back and searching for Permian deals. Steve and Caleb Weatherl have secured $500 million in financing for Garrison Energy Holdings. Caleb Weatherl told us that Garrison is evaluating deals in the Delaware Basin, Midland Basin, Central Basin Platform and Northwest Shelf.
And that’s your Hart Energy Live A&D Minute, powered by the Cybersecurity in Energy and Energy Infrastructure and Technology Conference June 27 and 28. Watch new A&D Minute episodes every Wednesday and sign up for our A&D Watch newsletter at hartenergy.com/deals.
Recommended Reading
Babcock & Wilcox Sell Italian, Swedish Businesses
2024-10-10 - Babcock & Wilcox Enterprises will focus on core business lines, including coal-to-natural gas conversions in the U.S., the company said.
EY: How AI Can Transform Subsurface Operations
2024-10-10 - The inherent complexity of subsurface data and the need to make swift decisions demands a tailored approach.
Oil Prices Jump 4% on US Storm, Israel-Iran Fears
2024-10-10 - Oil prices jumped about 4% on Oct. 10 on a spike in U.S. fuel use before Hurricane Milton barreled across Florida, Middle East supply risks and signs that demand for energy could grow in the U.S. and China.
Cove Point LNG Poised for Restart After Maintenance
2024-10-10 - Cove Point LNG is set to come back online soon, Rystad Energy said Oct. 10, as natural gas futures rose 1% on forecasts for higher demand and the return of the facility to operational status.
Atlas Commissions 42-mile Dune Express Conveyor, Lowers 3Q Guidance
2024-10-10 - Atlas Energy Solutions said its Dune Express proppant conveyor remains on time and on budget, but the company expects lower revenue and EBITDA for the third quarter.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.