This is your Hart Energy A&D Minute with Jordan Soto and powered by A&D Strategies and Opportunities Conference.
Chevron put Delaware Basin acreage up for sale that Enverus estimates could fetch between $100 million and $500 million. Enverus’ Andrew Dittmar told Hart Energy that the bid-ask spreads remain “just brutal” but that, like any seller, Chevron “just needs that one buyer that likes it.”
SilverBow Resources agreed to an Eagle Ford Shale bolt-on acquisition on Oct. 3, which marked SilverBow’s first transaction since adopting a poison pill to fend off activist investor Kimmeridge last month.
Northern Oil and Gas remains Piper Sandler’s “favorite idea in SMID E&P.” Find out why in our coverage of NOG’s recent Delaware Basin bolt-on.
This Hart Energy A&D Minute is powered by A&D Strategies and Opportunities Conference on Oct. 26 in Dallas. 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
Up to 50 Firms Seek US Oil Licenses in Venezuela, Official Says
2024-05-23 - Washington aims to prioritize issuing licenses to companies with existing oil output and assets over those seeking to enter the sanctioned OPEC nation for the first time, sources told Reuters.
Exxon Mobil Keeps Its Options Open in Guyana and Globally
2024-05-23 - Exxon Mobil Guyana Ltd.’s President Alistair Routledge said the company is seeking resources offshore Guyana that compete financially within its portfolio.
Weatherford to Deliver Drilling Services to Bapco Upstream in Bahrain
2024-06-06 - The contract with Bapco Energy subsidiary Bapco Upstream replaces Weatherford’s old drilling services contract from 2015.
Third Suriname Find for Petronas, Exxon Could Support 100,000 bbl/d FPSO
2024-05-17 - A recent find offshore Suriname in Block 52 by Petronas and Exxon Mobil could support a 100,000 bbl/d FPSO development, according to Wood Mackenzie.
Mexico’s Zama Drama Eases, but Not Over for Talos, Other IOCs
2024-06-26 - Houston-based Talos Energy and its Block 7 consortium partners could make FID on the Zama field development sometime in the next year. But despite the importance placed on the project to secure energy security for Mexico, the consortium continues to run into headwinds.