Riverbend Energy Group Puts Shale Portfolios for Sale: Sources
Riverbend Energy Group has been working with an investment bank in recent weeks on an auction process for three portfolios of shale assets to seek in total around $2 billion, sources said.
Chart: Gulf Coast Rig Count as of January 7, 2022
Arkansas, Louisiana, Mississippi and Texas RRC Dist. 1, 2, 3, 4., 5, 6, inland, offshore
Chart: Midcontinent, Permian Basin Rig Count as of January 7, 2022
Kansas, Oklahoma, Texas Dist. 7B, 7C, 8, 8A, 9, 10
Presidio Petroleum Reportedly in Talks to Buy Exxon Mobil Shale Gas Assets
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.
Energy A&D Transactions from the Week of Nov. 17, 2021
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.
Energy A&D Transactions from the Week of Nov. 10, 2021
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.
Energy A&D Transactions from the Week of Nov. 3, 2021
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.
PHX Minerals Adds onto SCOOP Position, Sells Fayetteville Package
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.
Exxon Mobil Launches US Shale Gas Sale to Kick-start Stalled Divestitures
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.
Changing Energy Landscape Creates Natural Gas Opportunities for E&Ps
Some natural gas plays that have been out of the E&P limelight in recent years could make a resurgence, analyst says.