This is your Hart Energy A&D Minute, powered by A&D Strategies and Opportunities Conference.
Talos Energy plans to buy EnVen Energy for $1.1 billion, increasing their Gulf of Mexico production by 40% in order to build a "leadership position" in the Gulf of Mexico.
Momentum Midstream acquired Midcoast’s East Texas business and Align Midstream, which establishes a leading presence in the Haynesville Shale alongside what Momentum CEO Frank Tsuru says is a “first of its kind net negative gas gathering project.”
And Summit Midstream Partners sold its North Dakota Bison gas gathering system for $40 million to streamline its portfolio and focus on growing its crude oil and produced water gathering systems in the Williston Basin, according to CEO Heath Deneke.
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