Midcontinent
Acquisitions & Divestitures , Trends , Mergers
Strange Brew: 2022 M&A Neared Two-decade Low, but Large-cap E&Ps Sitting Pretty
Despite large-cap publics such as Devon Energy, Diamondback and Marathon Oil dominating M&A in 2022, the overall deal count fell to the lowest level since 2005, according to Enverus.
Lease Sales
Marketed: SNR Operating Kansas WI Operated Properties
SNR Operating LLC retained RedOaks Energy Advisors as its exclusive advisor in connection with the sale of an operated working interest in certain operated properties in Sumner and Cowley counties, Kansas.
Lease Sales
Marketed: Quadrille Energy Co 154 Non-op Property Package
Quadrille Energy Co. LLC retained EnergyNet for the sale of a 154 non-operated WI and ORRI property package located across various counties in Oklahoma.
Acquisitions & Divestitures , Trends , Mergers
Energy A&D Transactions from the Week of Jan. 11, 2023
Here’s a snapshot of recent energy deals including Northern Oil & Gas (NOG) closed on an upsized acquisition of working interests in Midland-Petro D.C. Partners LLC and Phillips 66 $3.8 billion deal with DCP Midstream LP.
Lease Sales
Marketed: Merced Capital Diversified Non-Operated Lower 48 Assets
Merced Capital has retained Detring Energy Advisors to market for sale its diversified non-operated wellbore-only producing assets located across six of the most prominent basins across the Lower 48.
Lease Sales
Marketed: Foundation Energy Fund III-A 441-Property Package
Foundation Energy Fund III-A LP et al retained EnergyNet for the sale of a non-operated, WI, RI and ORRI 441-property package located in various counties in Arkansas and Oklahoma.
Lease Sales
Marketed: Lime Rock Resources HBP Norge Marchand Sand Unit
Lime Rock Resources has retained Detring Energy Advisors for the sale of its HBP Norge Marchand Sand Unit in western Grady County, Oklahoma.
People
Devon Names Midstreamers Mears, Kelly to BoD
Michael Mears is the former president, chairman and CEO of Magellan Midstream Partners, while Gennifer Kelly previously served as senior vice president and COO of Western Midstream Partners.
Acquisitions & Divestitures , Trends , Mergers
Energy A&D Transactions from the Week of Jan. 4, 2023
Here’s a snapshot of recent energy deals including Marathon's $3 billion Eagle Ford acquisition and Targa Resources Corp. deal to buy the remaining stake in the Grand Prix NGL Pipeline.
Exploration & Production , Acquisitions & Divestitures
PHX Minerals Sells Non-op Wells in Arkoma Basin, Eagle Ford
PHX said it agreed to sell 257 non-operated legacy working interest wellbores in the Arkoma Basin and Eagle Ford.