This is your Hart Energy A&D Minute with Jordan Soto and powered by FORVIS.
Diamondback Energy, Marathon Oil and Devon Energy doled out nearly $9 billion in cash and stock for small, private companies in the second-half of 2022—What gives? Enverus’ Andrew Dittmar said large public E&Ps have a competitive advantage at the deal table because smaller peers “cannot offer the same value as larger companies without diluting shareholders’” equity.
Who’s been quietly buying acreage in the Permian Basin? Double Eagle Energy, after topping off its cash tank with nearly $2 billion in equity commitments. But what’s the fourth iteration of Double Eagle up to? Click here to find out.
The $3.9 billion merger between Centennial and Colgate created a new mid-cap powerhouse: Permian Resources Corp., which is keeping its eye on potential deals and mergers, even with 180,000 net acres and 150,000 boe/d on hand. Here’s what else is on their radar.
That’s your Hart Energy A&D Minute powered by FORVIS, a Top 10 public accounting firm helping energy and natural resources companies succeed in a volatile market.
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.
Recommended Reading
APA Corp., TotalEnergies Announce $10.5B FID on ‘Goliath’ Sized Deal Offshore Suriname
2024-10-01 - APA and TotalEnergies’ offshore Suriname GranMorgu development is estimated to hold recoverable reserves of more than 750 million barrels.
Utica’s Encino Boasts Four Pillars to Claim Top Appalachian Oil Producer
2024-11-08 - Encino’s aggressive expansion in the Utica shale has not only reshaped its business, but also set new benchmarks for operational excellence in the sector.
Oceaneering Acquires Global Design Innovation
2024-10-30 - Oceaneering purchased Global Design Innovation, the only provider certified by the United Kingdom Accreditation Service (UKAS) to perform remote visual inspection using point cloud data and photographic images.
Permian Resources Closes $820MM Bolt-on of Oxy’s Delaware Assets
2024-09-17 - The Permian Resources acquisition includes about 29,500 net acres, 9,900 net royalty acres and average production of 15,000 boe/d from Occidental Petroleum’s assets in Reeves County, Texas.
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.