Four years after picking up a Haynesville, Eagle Ford and Delaware Basin package for $10.5 billion, BPX Energy is delivering $1 billion a year in free cash flow to parent BP Plc. CEO Dave Lawler spoke with Oil and Gas Investor Executive Editor-at-large Nissa Darbonne on the company’s 2022 outlook and more.
An undisclosed seller retained EnergyNet Indigo for the sale of a Permian Basin mineral and royalty opportunity across New Mexico’s Eddy and Lea counties and Howard, Martin and Midland counties in West Texas.
Here’s a snapshot of recent energy deals including another acquisition by Earthstone Energy for the Permian Basin New Mexico assets of Titus Oil & Gas for $627 million.
Here’s a quicklist of oil and gas assets on the market including a Mammoth Exploration Strawn Sand well package plus Salt Creek Oil and Gas nonop Williston Basin assets.
The $627 million deal adds 86 net locations in the Permian Basin and boosts Earthstone Energy’s production by an estimated 26%.
Here’s a snapshot of recent energy deals including Targa Resources’ $3.55 billion cash acquisition of Lucid Energy Group in the Permian Basin.
Here’s a quicklist of oil and gas assets on the market including PetroQuest Energy operated East Texas natural gas interests plus a Verado Energy operated horizontal development in the Permian Basin.
Percussion Petroleum II bought the bulk of its assets in the Permian Basin from Oasis Petroleum a year ago for $375 million plus contingent payments.
A private seller retained TenOaks Energy Advisors for the sale of certain mineral and royalty properties located in the Delaware and Midland basins of the Permian.
Targa Resources’ acquisition of Lucid Energy in the Permian Basin from Riverstone Holdings and Goldman Sachs follows the company’s $200 million bolt-on of Southcross Energy earlier this year.