This is your Hart Energy A&D Minute with Jordan Soto and powered by Hart Energy's Influential Women in Energy Luncheon and Networking Event.
Midstream deals continued their recent hot streak with Phillips 66 agreeing to pay a whopping $3.8 billion to acquire more ownership in DCP Midstream’s NGL business. Here’s what the Phillips 66 expects in savings and earnings.
With the sudden outbreak of midstream M&A, Senior Editor Joseph Markman spoke to analysts about what’s fueling the multi-billion dollar shopping spree and whether those deals were thrifty or a touch overpriced. Read about it here.
And in Alaska, a lease sale in the Cook Inlet got a chilly reception, which is probably just fine with Hilcorp Alaska — the sole bidder for seven leases on federal and state lands. Here’s where they bought and what they bid.
That’s your Hart Energy A&D Minute powered by the Influential Women in Energy Luncheon and Networking Event on Feb. 7 in Houston.
Also, watch new A&D Minute episodes every Wednesday, and don’t forget to sign up for our A&D Watch newsletter at HartEnergy.com/newsletters/ad-watch.
2023-01-30 - Despite large-cap publics such as Devon Energy, Diamondback and Marathon Oil dominating M&A in 2022, the overall deal count fell to the lowest level since 2005, according to Enverus.
2022-12-06 - The long-term sale and purchase agreement will involve a 15-year agreement between the two companies and carbon intensity minimization approaches.
2022-12-27 - Superior’s acquisition of Certarus’ reduced carbon emissions solutions will enable customers to close in on their ESG and sustainability goals.
2022-12-14 - Also in this week's A&D Minute: A host of big-name companies are exploring geothermal power from abandoned oil and gas wells, plus see what's attracting coal companies to the Permian Basin.
2022-11-16 - Here’s a snapshot of recent energy deals including a $155 million sale in the Permian Basin by Diamondback Energy and Chart’s $4.4 billion acquisition.