Brigham Minerals partially redeployed the proceeds from a divestiture in the Anadarko Basin during the second quarter into debt reduction and its acquisition ground game in the Permian Basin.
Here’s a snapshot of recent energy deals including Devon Energy’s $1.8 billion cash acquisition of Eagle Ford Shale operator Validus Energy and a $555 million Permian Basin deal by Apache.
Here’s a quicklist of oil and gas assets on the market including a Stout Energy operated sale package in the Permian Basin in Winkler and Andrews counties, Texas, plus core Haynesville overriding royalty interest.
Here’s a snapshot of recent energy deals including Diversified Energy’s acquisition of ConocoPhillips Midcon assets for $240 million and the sale of Baker Hughes’ Russian oilfield services business.
Here’s a quicklist of oil and gas assets on the market including a Sabine Oil and Gas Upton County, Texas property package plus a KONA Oil & Gas nonoperated multibasin opportunity concentrated in top resource plays throughout the Lower 48.
Rimrock Resource Partners LLC and Cornerstone Petroleum Midcon LLC retained RedOaks Energy Advisors for the for sale of certain operated and nonoperated properties in the Midcontinent.
KONA Oil & Gas Properties retained Detring Energy Advisors for the sale of nonoperated oil and gas interests concentrated in top resource plays throughout the Lower 48 including the Delaware Basin, SCOOP/STACK and Williston Basin.
The BridgeTex crude pipeline from the Permian to Magellan’s East Houston terminal, which is a joint venture, dropped to 215,000 bbl/d from nearly 315,000 bbl/d in the year-ago period.
An analyst said Harold Hamm’s $4.1 billion offer to Continental Resources private remains the “elephant in the room” for the company.
The ConocoPhillips transaction, which includes an interest in roughly 1,500 producing wells located in Oklahoma and Texas, represents Diversified Energy’s sixth major acquisition within the central region and its second in the Midcontinent.