Midcontinent

Lease Sales

Marketed: KONA Oil & Gas Nonoperated Multibasin Opportunity

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.

August 1, 2022

Markets , Shale Plays , Pipelines

Magellan’s Permian-Houston Crude Pipelines Volumes Drop, Fuel Volumes Rise

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.

July 29, 2022

Public Capital , Earnings , Shale Plays

Continental’s Solid Q2 Overshadowed by Harold Hamm’s Take-private Offer

An analyst said Harold Hamm’s $4.1 billion offer to Continental Resources private remains the “elephant in the room” for the company.

July 29, 2022

Exploration & Production , Acquisitions & Divestitures

Diversified Energy Acquires ConocoPhillips Midcon Assets for $240 Million

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.

July 28, 2022

Acquisitions & Divestitures , Trends , Mergers

Energy A&D Transactions from the Week of July 27, 2022

Here’s a snapshot of recent energy deals including an agreement by Shell USA to acquire all remaining interests in Shell Midstream Partners in a $1.96 billion buyout. 

July 27, 2022

Lease Sales

On the Market Oil and Gas Quicklist (Week of July 27, 2022)

Here’s a quicklist of oil and gas assets on the market including a BLM Nevada geothermal lease sale covering roughly 232,500 acres plus an Eagle Resources Group Mississippi Lime package.

July 27, 2022

Lease Sales

Marketed: Kansas Operated Assets, Volumetric Production Payment

Sam Gary Jr. & Associates Inc. retained Eagle River Energy Advisors LLC to raise $10 million via the sale of a volumetric production payment (VPP) or a similar structured financing on certain operated working interest assets in Kansas.

July 27, 2022

Lease Sales

Marketed: Eagle Resources Group Mississippi Lime Opportunity

Eagle Resources Group LLC retained PetroDivest Advisors for the sale of producing Mississippi Lime properties, leasehold, minerals and related assets located in Woods, Alfalfa and Grant counties, Oklahoma.

July 26, 2022

Acquisitions & Divestitures , Trends , Mergers

Energy A&D Transactions from the Week of July 20, 2022

Here’s a snapshot of recent energy deals including the acquisition by ConocoPhillips of a stake in a Texas LNG project plus a $307 million stock-for-stock deal by Houston’s VAALCO Energy.

July 20, 2022

Exploration & Production , Acquisitions & Divestitures

Serial-acquirer Orion Diversified Adds Hugoton Field Interests

Orion Diversified Holding has made a series of microtransactions in several basins, including the Permian and Powder River as well as the Haynesville, Niobrara and Eagle Ford shales.

July 19, 2022