A&D Transactions From The Week Of Feb. 13, 2019
Here’s a snapshot of energy deals from the past week including a minerals deal worth roughly $151 million and the sale of Devon’s Central Basin Platform assets in the Permian Basin.
February 13, 2019
Central Basin Platform
Marketed: Operated Central Basin Platform Properties
Capstone Natural Resources II retained TenOaks Energy Advisors for the sale of its operated Central Basin Platform properties in Ector and Upton counties, Texas, within the Permian Basin.
February 12, 2019
Devon Energy Deals Central Basin Platform Assets For $191 Million
Devon Energy had been actively shopping the Permian Basin assets, and others in the Rockies, the past several months.
February 7, 2019
Ring Energy Adds ‘Core-Of-The-Core’ To Permian Central Basin Platform Position
The acquisition, which Ring Energy said closed on Dec. 26, consists of 4,763 net acres in Andrews County, Texas, in the Permian’s Central Basin Platform from a Carlyle Group subsidiary.
December 28, 2018
Midcontinent Activity Highlights: November 2018
Here’s some recent action in Midcontinent oil and gas plays including Western Anadarko and Fayetteville producers, extended-lateral Arkoma Woodford wells and a Wolfcamp discovery in the Permian Basin.
November 16, 2018
Spotlight - Minding The Mid-Cush Margin: Reed Olmstead, IHS Markit (2018)
Cushing has improved to more than $70/bbl, but WTI Midland has been fetching as much as $10/bbl less. Many Permian producers are using basis hedges to ride out the new-takeaway drought. Some have firm transport directly to export markets. How are Permian producers minding the gap? Listen in as Reed Olmstead, an expert from IHS Markit, provides further insight.
November 7, 2018
SandRidge Energy Exits Permian Basin Central Basin Platform
SandRidge Energy’s exit from the Permian’s Central Basin Platform was a part of two recently closed transactions worth a total of roughly $40 million.
November 5, 2018
Marketed: Nova Oil & Gas Central Basin Platform Stacked Pay Assets
Novo Oil & Gas retained Detring Energy Advisors to sell its oil and gas leasehold and related assets located in Ector County, Texas of the Central Basin Platform.
October 22, 2018
Marketed: Fivestones Energy Central Basin Platform Operated Properties
Fivestones Energy retained TenOaks Energy Advisors as its exclusive adviser in connection with the sale of certain operated properties within the Permian’s Central Basin Platform.
September 25, 2018