This is your Hart Energy A&D Minute with Jordan Soto and powered by A&D Strategies and Opportunities Conference.
Brigham Minerals and Sitio Royalties Corp. agreed to a 4.8 billion dollar all-stock merger, which brings together two of the largest public companies with 30% of its coverage in the Permian Basin.
Devon Energy and Delfin Midstream are teaming up for a floating LNG project. This non-binding agreement gives Devon long-term access to a floating LGN vessel with capacity of 1 million tons per annum.
And in California, the sun's finally setting on a 25-year-old Exxon Mobil and Shell partnership after the companies' said they will sell Aera Energy to German asset manager IKAV for $4 billion and additional payments based on future oil prices.
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.
2022-12-02 - The Evolution Pipeline will total 230 miles of pipe in its water recycling system in the Midland Basin, XRI says.
2022-11-28 - London-based BP agreed to market Guyana’s share produced from the Liza Destiny and Liza Unity platforms at no charge per barrel, according to a ministry statement on Nov. 24. It replaces a Saudi Aramco trading unit, which previously held the contract.
2022-10-31 - Overall U.S. output peaked at 13 million bbl/d in late 2019, and has not returned to that level since the pandemic started as rigs have been shut in and as costs for equipment and labor increased rapidly.
2022-12-01 - OPEC pumped 710,000 bbl/d of oil less in November than October due to an output cut aimed at fighting recession concerns.
2022-11-08 - Oil producers in the U.S. have warned in recent weeks of weaker-than-expected output, citing aging wells, shortage of labor and materials, rising costs and a sharp focus on shareholder returns.