White Rock Oil & Gas retained PetroDivest Advisors for the sale of the Welch Unit waterflood properties in the northern Midland Basin of the Permian Basin in Dawson and Terry counties, Texas.
“This merger will allow both companies to benefit from the simplicity and scale of the combined entity going forward,” says Diamondback Energy CEO Travis Stice.
Grey Rock will contribute oil and gas assets in the Permian Basin, Bakken, Eagle Ford Shale, D-J Basin and Haynesville Shale plays to form Granite Ridge Resources.
Here’s a snapshot of recent energy deals including the closing of PDC Energy’s $1.3 billion acquisition of private D-J Basin operator Great Western Petroleum plus the formation of a $1.1 billion renewable natural gas joint venture.
Here’s a quicklist of oil and gas assets on the market including Gulf of Mexico package consisting of ORRI in 266 wells offshore Louisiana plus BlackBriar Royalty Austin Chalk and Eagle Ford properties.
Macondo Fund IV Ltd. retained RedOaks Energy Advisors for the sale of certain mineral properties located across four major basins: Midland, Delaware, D-J and Powder River.
Here’s a snapshot of recent energy deals including HighPeak Energy’s acquisition of Hannathon Permian properties for about $373.4 million plus Chevron’s agreement to acquire a stake in Talos Energy’s proposed Texas carbon capture plant.
Here’s a quicklist of oil and gas assets on the market including a Pin Oak Energy Partners operated Utica opportunity plus Vaquero Big Horn Basin operated properties in Wyoming.
The Hannathon acquisition adds roughly 18,600 net acres largely contiguous to the company’s existing Signal Peak position in the Permian Basin where Chairman and CEO Jack Hightower said HighPeak began its strategic expansion last August.
Here’s a snapshot of recent energy deals including the closing of Targa’s $200 million acquisition of Southcross Energy plus Diversified Energy’s East Texas expansion.