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.
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
US EPA Expected to Drop Hydrogen from Power Plant Rule, Sources Say
2024-04-22 - The move reflects skepticism within the U.S. government that the technology will develop quickly enough to become a significant tool to decarbonize the electricity industry.
Exclusive: ‘Regulatory Tsunami’ a Top Priority for American Producers, Says AXPC’s Bradbury
2024-04-22 - Regulatory considerations have significant implications for how oil and gas companies evaluate risk, and it’s a top priority for American energy producers right now, said American Exploration & Production Council CEO Anne Bradbury at CERAWeek by S&P Global.
Biden Administration Criticized for Limits to Arctic Oil, Gas Drilling
2024-04-19 - The Bureau of Land Management is limiting new oil and gas leasing in the Arctic and also shut down a road proposal for industrial mining purposes.
Exclusive: The Politics, Realities and Benefits of Natural Gas
2024-04-19 - Replacing just 5% of coal-fired power plants with U.S. LNG — even at average methane and greenhouse-gas emissions intensity — could reduce energy sector emissions by 30% globally, says Chris Treanor, PAGE Coalition executive director.