This is Your Hart Energy Live A&D Minute.
Matador Resources closed its acquisition of Advanced Energy Partners from EnCap, which includes Permian Basin undeveloped acreage and midstream assets. It's also where E&Ps are jockeying for position and inventory.
Speaking of the Permian, Kimbell Royalty Partners continues to shore up interests in the basin. KRP is acquiring royalty acres in the Northern Midland Basin from MB Minerals. Will we see more Permian-focused dealmaking announced in the upcoming earnings season?
The Canadian Pacific and Kansas City Southern rail companies have combined in a $31 billion deal, which stretches the network from the Canadian oil sands into Mexico. Full integration of the companies is expected to take place over the next three years.
And that's your Hart Energy Live A&D Minute, powered by SUPER DUG in Fort Worth May 22nd through the 24th. Watch new A&D Minute episodes every Wednesday and sign up for our A&D Watch newsletter at hartenergy.com/transactions.
2023-09-22 - U.S. oil rigs fell by eight to 507 this week, their lowest since February 2022, while gas rigs dropped by three to 118.
2023-09-21 - The governments of Venezuela and Trinidad and Tobago signed an inter-institutional agreement related to joint hydrocarbon projects and bilateral trade between the countries.
2023-09-21 - The FPSO would have the capacity to process 16 MMcm/d of gas from the pre-salt fields.
2023-09-20 - Nominations will guide C-NLOPB on areas to be offered in the Eastern Newfoundland and Jeanne d’Arc regions if the call for bids proceeds in 2024.
2023-09-19 - Costs are up for the Johan Castberg and Balder X projects, partially due to supply chain challenges and work scope changes.