Riverbend Energy Group is acquiring non-operated interests in the Delaware and Williston basins. (Source: Shutterstock.com)
Riverbend Energy Group continues to rebuild its non-operated portfolio through dealmaking.
The company recently closed a non-op acquisition in the Permian’s Delaware Basin from its Riverbend XI fund, Business Development Manager Neel Huey said in a social media post.
Riverbend has closed 18 transactions in the past 22 months in the Delaware and Williston basins, consolidating nearly 10,000 net acres.
Riverbend has been building back a non-op portfolio since making a $1.8 billion exit in 2022.
The deal, with an unnamed buyer, included three Riverbend portfolios of interests in the Bakken/Three Forks, Utica, Fayetteville and Haynesville shale plays. The company acquired production that averaged 47,000 boe/d.
In June 2023, Houston-based Riverbend trumpeted its return to non-op M&A by acquiring “a sizeable” working interest in the Williston Basin.
RELATED
Recommended Reading
Now Hiring: A ‘George Mitchell’ for Geologic Hydrogen
2025-07-02 - The need for a geologic hydrogen wildcatter is growing as energy demand rises and efforts to reduce emissions continue. Researchers are looking at a variety of techniques to pull hydrogen out of source rock, but there’s no perfect process just yet.
Is It Time for a Hydrogen Rebrand in the US?
2025-06-26 - The hydrogen production 45V tax credit might be on its death bed, but industry hope remains as thoughts turn to next steps to grow the sector under the Trump administration.
Energy Transition in Motion (Week of May 9, 2025)
2025-05-09 - Here is a look at some of this week’s renewable energy news, including a low-carbon deal between Exxon Mobil and Marubeni.
Primary Hydrogen Starts Hydrogen Field Sampling Program in Canada
2025-07-08 - The program is part of the company’s multiple-phase exploration efforts across about 8,550 hectares (21,128 acres) to identify potential accumulations of natural hydrogen.
Gold H2 Completes Field Trial, Produces H2 With Biotechnology at Oil Field
2025-06-25 - The Houston-based company on June 24 said it successfully completed the world’s first field trial demonstrating subsurface bio-stimulated hydrogen production.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.