Recently formed Permian Resources isn’t averse to looking at value propositions but at the moment the company is focused on driving synergies and creating shareholder value, Co-CEO Will Hickey told attendees of Hart Energy’s Executive Oil Conference.
Gas production from the Permian Basin has already surpassed pre-pandemic highs and is slated to rise 41% by 2030 compared to current levels, according to Rystad Energy data.
Double Eagle has garnered almost $2 billion in equity commitments for its Double Eagle IV partnership which could bring upwards to 25,000 net acres under its ownership in the Permian Basin by year-end, CFO Joshua A. Gregg told attendees at Hart Energy’s annual Executive Oil Conference.
Also in this week’s A&D Minute: Kimbell Royalty Partners made its largest deal in four years plus find out why EOG Resources CEO Ezra Yacob is comparing the company’s new Utica play’s prospects to the Delaware Basin.
Here’s a quicklist of oil and gas assets on the market including a Recoil Resources Eagleville Field well package within the Eagle Ford Basin in Atascosa and Wilson counties, Texas.
Diamondback Energy has targeted $500 million of noncore asset sales in the Permian Basin in connection with its $1.6 billion FireBird acquisition last month.
Here’s a snapshot of recent energy deals including Marathon Oil’s $3 billion cash acquisition of Ensign Natural Resources in the Eagle Ford Shale plus Kimbell’s largest deal in four years.
Here’s a quicklist of oil and gas assets on the market including a nonoperated position in the Bakken concentrated in Williams and Dunn counties, North Dakota, plus a Sabine Oil & Gas East Texas well package.
Kimbell Royalty Partners purchased Midland and Delaware basin assets in the Permian from Hatch Royalty for $290 million.