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.
2023-02-07 - Golar LNG will acquire New Fortress’ ownership stake in Hilli, adding approximately three more years of cash flow generation from the floating liquefaction facility in Cameroon.
2023-02-07 - International Petroleum Corp.’s acquisition of Cor4 Oil Corp. is based on an asset consideration of CA$84 million and are complementary to IPC’s existing assets in Canada.
2023-02-07 - At the 30th annual NAPE summit, attendees were generally confident that energy M&A will accelerate in 2023.
2023-02-06 - At the 2023 NAPE summit, Chesapeake Energy CEO Nick Dell’Osso explained the reasoning behind the company’s Eagle Ford asset divestiture.
2023-02-01 - Also in this week's A&D Minute: Matador Resources' Delaware Basin acquisition was the largest of the year so far at $1.6 billion, plus see how small- and mid-sized companies are sizing up against large E&Ps.