Here’s a snapshot of recent energy deals including Diamondback Energy completing its $1.55 billion deal to acquire Midland Basin acreage and E&P Arena Energy LLC closing its acquisition of Cox Operating LLC's interests in the Eugene Island 330 and South Marsh 128 oil blocks.
With the Lario Permian deal closed, Diamondback wraps up a pair of fourth-quarter 2022 deals in which it purchased private Midland Basin operators for a total of about $3.3 billion.
Chevron Corp. reported a positive uptick in oil production in Venezuela while Permian Basin production grew 8% year-over-year.
Here’s a snapshot of recent energy deals including Chesapeake Energy’s $1.4 billion deal to sell Eagle Ford Shale acreage in the Brazos Valley region to WildFire Energy, and Matador Resource’s $1.6 billion bolt-on acquisition in the northern Delaware Basin.
HighPeak Energy CEO Jack Hightower said the company, with a $3 billion market cap, is undervalued given its large inventory and free cash flow profile.
Also in this week's A&D Minute: Quantum Energy Partners might be saying goodbye to Rockcliff Energy, plus check out Chord Energy's Williston Basin 46,000-acre package.
Chord’s Permian position spans the Midland and Delaware basins and the Central Basin Platform, with most of the company’s assets described as stable operations from conventional reservoirs and waterflood assets with horizontal development potential.
Merced Capital has retained Detring Energy Advisors to market for sale its diversified non-operated wellbore-only producing assets located across six of the most prominent basins across the Lower 48.
NOG now holds a 39.958% working interest in Midland-Petro D.C. Partners’ Mascot Project, a 3.25% increase after the company kicked in another $29 million.
Lake Crystal Energy retained RedOaks Energy Advisors for the sale of certain Midland Basin operated properties.