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.
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.
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.
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.
Black Falcon Energy retained EnergyNet for the sale of a Barnett Shale opportunity that includes interest in nearly 1,000 wells across North Texas.
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.
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.
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.
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.