Devon Energy and Chesapeake Energy joined other U.S. oil giants in reporting higher-than-anticipated quarterly profits for third-quarter 2022.
Here’s a snapshot of recent energy deals including NOG’s $330 million Permian Basin acquisition in Midland County, Texas, plus the closing of the $1.96 billion buyout of Shell Midstream.
Here’s a quicklist of oil and gas assets on the market including Arkoma Drilling’s portfolio of Haynesville assets in North Louisiana plus the Gungnir Resources prospect in the northern D-J Basin in Wyoming.
Here’s a snapshot of recent energy deals including BP’s $4.1 billion acquisition of Houston-based Archaea Energy and Continental Resources’ take-private merger agreement.
Here’s a quicklist of oil and gas assets on the market including the sale of producing mineral and royalty assets in core positions across the Lower 48 including the Permian Basin, Williston, Eagle Ford, Marcellus and the Midcontinent being marketed by EnergyNet Indigo for a private seller.
A private seller retained EnergyNet Indigo for the sale of a multibasin minerals and royalty interest opportunity including Permian Basin, Williston, Eagle Ford, Marcellus and the Midcontinent.
U.S. crude oil and natural gas production are expected to both rise slightly in November compared to the prior month aided mainly by the Permian Basin and Haynesville Shale.
Continental Resources entered a merger agreement on Oct. 17 to be acquired for $74.28 per share, which represents a 15% premium to the closing price on June 13—the day before Hamm’s family disclosed their initial $70 per share proposal.
Here’s a quicklist of oil and gas assets on the market including the sale of certain nonoperated working interest properties in Henry Resources’ Melinda Lease in the Midland Basin in Upton County, Texas.
“There is downward pressure due to a slowing economy and inflation pressure is reducing demand,” said one executive who participated in the survey of oil firms operating in Kansas, Colorado, Nebraska, Oklahoma, Wyoming and parts of New Mexico.