Barnett
Acquisitions & Divestitures , Trends , Mergers
Energy A&D Transactions from the Week of May 12, 2021
Here’s a snapshot of recent energy deals including EQT’s nearly $3 billion expansion in the Marcellus plus over $1 billion worth of transactions announced by Laredo Petroleum and Bonanza Creek’s merger with Extraction Oil & Gas.
Lease Sales
On the Market Oil and Gas Quicklist (Week of May 12, 2021)
Here’s a quicklist of oil and gas assets on the market including Whiting Petroleum’s Redtail assets in Colorado’s Weld County and a Henry Resources Permian Basin divestiture plus nonop working interest packages in the Midcontinent and Barnett Shale regions.
Shale Plays , Acquisitions & Divestitures
Evolution Petroleum Acquires Tokyo Gas Barnett Shale Assets
Based in Houston, Evolution Petroleum said it had closed an acquisition of nonoperated oil and gas assets in the Barnett Shale from Tokyo Gas subsidiary, TG Barnett Resources LP, for $19.6 million in cash.
Rig Counts , Unconventional , Shale Plays
Hart Energy Unconventional Activity Tracker (Week of May 10, 2021)
The most active operator continues to be Permian Basin-focused Pioneer Natural Resources at 30 rigs, which includes nine more rigs after closing its acquisition of privately held DoublePoint Energy.
Lease Sales
Marketed: Barnett Shale Nonop Working Interest Package
Black Falcon Energy retained EnergyNet for the sale of a Barnett Shale opportunity that includes interest in nearly 1,000 wells across North Texas.
Unconventional , Top IP Wells
Top 12 IP Wells in the Barnett Combo Play
March 2021: TEP Barnett Completes Two Newark East Field-Barnett Shale Wells in Texas’ Tarrant County
Rig Counts , Unconventional , Shale Plays
Hart Energy Unconventional Activity Tracker (Week of April 26, 2021)
This is the first week in 2021, according to Enverus, to show an increase of oil and gas rigs operating in the U.S. on a year-over-year basis. The current rig count is up 7% in the last month and up 11% year-over-year.
Private Equity , Natural Gas , Shale Plays , Acquisitions & Divestitures , Midstream
Midstream Business Anatomy of a Deal: Tailwater Capital
Tailwater Capital’s premise is that demand for affordable, reliable energy isn’t going anywhere. The private equity firm’s deals are designed to help supply it.
Lease Sales
On the Market Oil and Gas Quicklist (Week of April 21, 2021)
Here’s a quicklist of oil and gas assets on the market including EOG Resources Reeves County nonop working interest in the Permian Basin plus Unit Petroleum Oklahoma waterflood properties in Oklahoma County and Cross Plains Energy Partners Delaware Basin properties.
Rig Counts , Unconventional
Hart Energy Unconventional Activity Tracker (Week of April 19, 2021)
The U.S. rig count rose by one in the last week to 509 as of April 14, according to Enverus Rig Analytics. The count is up 5% in the last month but down 7% year-over-year.