Here’s a snapshot of recent energy deals including the closing of PDC Energy’s $1.3 billion acquisition of private D-J Basin operator Great Western Petroleum plus the formation of a $1.1 billion renewable natural gas joint venture.
Here’s a quicklist of oil and gas assets on the market including Gulf of Mexico package consisting of ORRI in 266 wells offshore Louisiana plus BlackBriar Royalty Austin Chalk and Eagle Ford properties.
Analysts predict that operators could reach pre-pandemic crude oil production outputs by October 2022, with Permian Basin production expected to rise 5.7 MMbbl/d next year.
Occidental’s plan to produce oil while it develops technology to tap carbon emissions from fossil fuels gained a renewed vote of confidence after Warren Buffett’s Berkshire Hathaway raised its stake in the company to about 15.2%.
Under the new agreement, Aris Water Solutions will provide produced water handling and recycling services in a portion of Chevron’s core position in the Delaware Basin of the Permian.
Macondo Fund IV Ltd. retained RedOaks Energy Advisors for the sale of certain mineral properties located across four major basins: Midland, Delaware, D-J and Powder River.
Plains said it added an additional 45,000 barrels a day of contracted short-term volumes to its Permian long-haul pipelines.
Here’s a snapshot of recent energy deals including HighPeak Energy’s acquisition of Hannathon Permian properties for about $373.4 million plus Chevron’s agreement to acquire a stake in Talos Energy’s proposed Texas carbon capture plant.
Here’s a quicklist of oil and gas assets on the market including a Pin Oak Energy Partners operated Utica opportunity plus Vaquero Big Horn Basin operated properties in Wyoming.
Both Tim Leach and Jack Harper joined ConocoPhillips following the combination in 2021 of the company with Concho Resources, where Leach and Harper had served as CEO and president, respectively.