Permian
Business , Emissions , Energy Transition , Shale Plays , Midstream
EagleClaw to Power Permian Operations from 100% Renewable Energy
EagleClaw Midstream said it is the first major gathering and processing company in the Permian Basin to procure 100% of its power for operations from renewable energy sources.
Private Equity , Shale Plays , Acquisitions & Divestitures
Colgate Launches Debt Offering to Fund Occidental Permian Asset Deal
Colgate Energy priced the offering of $500 million new senior unsecured notes due 2029, increased from the originally proposed $400 million, at par.
Lease Sales
Marketed: Mineral Interests in Endeavor-operated Permian Assets
A private seller retained US Mineral Exchange for the sale of mineral and royalty interests located in the Permian Basin in Martin County, Texas, operated by Endeavor Energy Resources.
Lease Sales
Marketed: Permian Mineral Opportunity, Culberson County, Texas
Boulders Royalty Corp. retained Detring Energy Advisors for the sale of its oil and gas mineral and royalty interests located in the Permian Basin in northeast Culberson County, Texas.
Public Capital , Acquisitions & Divestitures
Northern Oil & Gas Boosts Permian Position with $102 Million Acquisitions
The acquisition of nonoperated interests across core Permian Basin acreage represents the “trifecta” for Northern Oil and Gas, says COO Adam Dirlam.
Exploration & Production
Ring Energy Brings Northwest Shelf Wells Online in Permian Basin
Successful results from Ring Energy’s development program in the Permian Northwest Shelf are “encouraging and reinforce our confidence in the strong inventory of drilling locations on our NWS acreage,” says CEO Paul D. McKinney.
Acquisitions & Divestitures , Trends , Mergers
Energy A&D Transactions from the Week of June 16, 2021
Here’s a snapshot of recent energy deals including Occidental Petroleum’s $508 million asset sale in the Permian Basin plus an Eagle Ford deal by Earthstone Energy.
Lease Sales
On the Market Oil and Gas Quicklist (Week of June 16, 2021)
Here’s a quicklist of oil and gas assets on the market including a Midland Basin royalty position plus a Grenadier Energy Wolfcamp Shale Permian Basin package and an IOG Oklahoma STACK nonoperated opportunity.
Public Capital , Shale Plays , Acquisitions & Divestitures
Shell’s Potential Permian Basin Exit Seen as Bellwether for Shale Demand
The potential sale of Shell’s Permian holdings, located in Texas, would be a litmus test of whether rivals are willing to bet on shale’s profitability through the energy transition to reduce carbon emissions.
Lease Sales
Marketed: Pivotal Petroleum Midland Basin Well Package
Pivotal Midland Basin LP retained EnergyNet for the sale of a Permian well package in Midland County, Texas, operated by affiliates of Callon Petroleum and Diamondback Energy.