This is your Hart Energy A&D Minute with Jordan Soto and powered by FORVIS.
Marathon Oil agreed to acquire Ensign Natural Resources in the Eagle Ford for $3 billion. Enverus’ Andrew Dittmar claims that the “allocation of value to undeveloped land in the Marathon purchase of Ensign looks more in line with the usual Permian valuation rather than the Eagle Ford where assets tend to trade closer to production value.”
EOG Resources established a new position in the Ohio Utica Combo play, which it expects to be its “next large-scale premium resource play.”
And EQT plans to control its own destiny. But how will the closing of its $5.2 billion upstream and midstream acquisition fit in? Read Senior Editor Darren Barbee’s coverage of EQT’s recent earnings call to learn more.
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2023-09-11 - Most of the brine and oil has reportedly been recovered, a state agency said.
2023-09-29 - The Biden administration’s proposed 2024–2029 National Outer Continental Shelf (OCS) Oil and Gas Leasing Program would allow for the “smallest number” of offshore oil lease sales — three — in the history of five-year programs
2023-07-19 - The Biden administration’s offshore oil and gas policies undermine both energy security and climate goals.
2023-08-15 - State-owned Ecopetrol reached the 10 MMbbl mark for the sale of its carbon-compensated crude to markets in Asia, Europe and the Americas.
2023-08-24 - Proposed rule would update decommissioning financial assurance requirements for offshore activities.