Exxon Mobil’s XTO Energy unit has been seeking buyers for its holdings in the Fayetteville Shale in Arkansas, part of the company’s drive to raise cash by shedding unwanted assets.
Here’s a snapshot of recent energy deals including the acquisition of Veritas Energy’s nonop position by Northern Oil and Gas in a transaction worth over $500 million in the Permian Basin plus a $2.5 billion Freeport LNG deal.
Here’s a snapshot of recent energy deals including Continental’s entry into the Permian through the $3.25 billion acquisition of Pioneer’s Delaware Basin position plus Southwestern acquires another private Haynesville producer.
Here’s a snapshot of recent energy deals including the $1.8 billion sale of Oasis Petroleum’s midstream affiliate and the closing of Chesapeake’s Vine Energy acquisition.
The transactions are an important step in the execution of PHX Minerals’ corporate strategy to transform into a pure play mineral and royalty company launched almost two years ago, says CEO Chad Stephens.
The assets are among gas projects with declining production and market value as Exxon Mobil focuses on newer ventures in Guyana, offshore Brazil and Texas's Permian Basin.
Some natural gas plays that have been out of the E&P limelight in recent years could make a resurgence, analyst says.
Today’s featured Forty Under 40 honoree is Julia Margaret Klingensmith, chief digital officer at Flywheel Energy who said her most difficult professional challenge came with the acquisition of Southwestern’s Fayetteville shale business.