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.
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2023-01-24 - The U.S. license, issued at the Trinidad government's request, means the Caribbean island nation will be allowed to resume doing business with Venezuelan heavily sanctioned state-run oil company PDVSA, related to the Dragon gas field.
2022-11-10 - EOG Resources’ new Ohio Utica position is “almost reminiscent of what we saw nearly a decade ago happening in the Delaware Basin,” said CEO Ezra Yacob.
2023-01-12 - API’s annual report offers a plan to bolster investment in oil and gas projects and streamline the permitting process even as the White House prioritizes renewable energy sources.
2023-01-10 - Devon Energy's expected fourth quarter production fell by 15,000 boe/d to 636,000 boe/d due to negative weather impacts but has since restored the affected operations.
2023-01-24 - Norway plans to offer 92 exploration blocks in Barents, Norwegian Seas, but the Socialist Left party vows to fight to stop or reduce the plan.