Midcontinent
Acquisitions & Divestitures , Trends , Mergers
Energy A&D Transactions from the Week of Oct. 20, 2021
Here’s a snapshot of recent energy deals including a $750 million asset sale by Occidental Petroleum plus Citizen Energy’s $153 million expansion in Oklahoma.
Lease Sales
On the Market Oil and Gas Quicklist (Week of Oct. 20, 2021)
Here’s a quicklist of oil and gas assets on the market including Chisholm Oil & Gas STACK nonop opportunity plus Merit Energy Anadarko Basin nonop and mineral/royalty position.
Public Capital , People , ESG
Diversified Energy Appoints Teresa Odom as Vice President of ESG, Sustainability
Concurrently with Teresa Odom’s promotion, Diversified Energy said that James (Jim) Sheehan will be joining the company to serve as vice president of investor relations.
Rig Counts , Shale Plays
Hart Energy Unconventional Activity Tracker (Week of Oct. 18, 2021)
The Permian Basin led the way in the increase, adding seven rigs in the last week to reach 241, while Appalachia and the Gulf Coast also gained rigs. The Williston Basin had the largest drop though.
Lease Sales
Marketed: Merit Energy Anadarko Basin Nonop, Mineral/Royalty Position
Merit Energy Co. retained PetroDivest Advisors for the sale of its oil and gas nonoperated working interest and mineral and royalty interest concentrated in the core of the Anadarko Basin.
Lease Sales
Marketed: Chisholm Oil & Gas STACK Nonop Opportunity
Chisholm Oil & Gas retained Stephens Inc. for the sale of a nonoperated opportunity in the STACK play of Oklahoma, the majority of which is located in Kingfisher County.
Rig Counts , Unconventional
Chart: Gulf Coast Rig Count as of October 15, 2021
Arkansas, Louisiana, Mississippi and Texas RRC Dist. 1, 2, 3, 4., 5, 6, inland, offshore
Rig Counts , Unconventional
Chart: Midcontinent, Permian Basin Rig Count as of October 15, 2021
Kansas, Oklahoma, Texas Dist. 7B, 7C, 8, 8A, 9, 10
Private Equity , Shale Plays , Acquisitions & Divestitures
Warburg’s Citizen Energy Expands in Oklahoma with $153 Million Bolt-on
Warburg Pincus-backed Citizen Energy agreed to acquire from an undisclosed seller 28,000 net acres described as a “gas-rich, bolt-on acquisition” to the company’s existing Anadarko Basin footprint.
Acquisitions & Divestitures , Trends , Mergers
Energy A&D Transactions from the Week of Oct. 13, 2021
Here’s a snapshot of recent energy deals including Comstock Resources’ Bakken exit in a $154 million sale plus the $419 million cash acquisition of Tapstone Energy and SilverBow’s largest acquisition to date.