This is your Hart Energy A&D Minute with Jordan Soto and powered by A&D Strategies and Opportunities Conference.
Has this year been “strange and kind of broken” regarding deals? Jud Walker, president and CEO of EnerVest, seems to think so— and dealmakers couldn’t agree more. Here’s why in Oil and Gas Investor Senior Editor Darren Barbee’s overview of dealmaking so far this year.
Also, in a $423 million deal, Williams Cos. Inc. acquired NorTex Midstream after noticing their reliability during Winter Storm Uri with providing gas to residential customers and electric power plants. See what Williams President and CEO Alan Armstrong said about the deal.
Lastly, analysts say EQT Corp.’s monster 5.2 billion purchase of Tug Hill and XcL Midstream’s assets is a cash cow, the upstream and midstream assets result in more free cash flow, lower operating costs and an increased debt reduction—all while doubling shareholder buybacks. Find out what else analysts are saying about EQT’s purchase, which happens to be the largest deal of the year.
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.
2022-09-26 - An employee of Axis Energy Services was killed in an accident at Exxon Mobil's East Texas oil drilling facility on Sept. 20.
2022-09-27 - Launched earlier this month, the sale comes after Shell and Exxon Mobil ran initial sales processes for their British and Dutch assets.
2022-08-08 - Though recent operational growth in Papua New Guinea has slowed, potential remains for further project development from PNG operators Exxon Mobil and TotalEnergies.
2022-09-26 - The Groningen Field, operated by a joint venture of Shell and Exxon Mobil, still holds massive reserves of natural gas.
2022-08-05 - Equinor plans to electrify its Rosebank oil and gas field project, an uncommon approach to offshore projects in the British North Sea.