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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2023-02-02 - Policymakers should underpin future demand reduction targets by encouraging a structural shift away from gas, says Bruegel.
2023-02-02 - Amid differences with Baghdad, TotalEnergies has asked its foreign employees in Iraq to leave the country and local staff to work from home.
2023-02-02 - British and Dutch wholesale gas prices were mixed on Feb. 2 on cold weather forecasts, reduction in gas storage and Norway outage, although strong flows of LNG were lending some support.
2023-02-01 - Nearly half of overall expenditure would be for refineries expansion and upgrades.
2023-02-01 - Alliance Resources said Jan. 30 it will purchase Permian oil and gas interests for $72.3 million on the heels of closing a separate $81 million deal.