Blackbeard Resources has retained TenOaks Energy Advisors as its exclusive adviser in connection with the sale of its Delaware Basin portfolio.
The additional minerals investment comes less than a week after EnCap agreed to sell its stake in Phillips Energy Partners to Kimbell Royalty Partners.
A rise in sales volume during the fourth quarter was offset by a 19% jump in expenses as Anadarko Petroleum ramped up investments in the Permian and Denver-Julesburg Basins.
Companies operating in the Permian Basin are working to get a better handle on water-related issues as production increases.
WPX Energy agreed to divest certain assets with a portion of the roughly $200 million worth of sales proceeds slotted for an acquisition within its core Delaware Basin operations.
Analysts named Diamondback Energy as a top pick among shale producers as a result of its $9.2 billion acquisition of Permian Basin rival Energen last year.
Trove Energy retained EnergyNet for the sale of non-producing federal leasehold acreage within the Delaware Basin in Eddy County, N.M., through a sealed-bid offering.
Brian T. Raber joins the Delaware Basin natural gas processor, Lucid Energy Group, with more than 25 years of experience in the midstream sector of the energy industry.