Alliance Resource Partners agreed to acquire assets from NGP-backed Wing Resources as the coal producer continues to grow its oil and gas minerals segment, particularly in the Permian Basin.
Here’s a snapshot of energy deals from the past week including the closing of a multibillion-dollar asset sale by Callon Petroleum and a ‘true merger of equals’ between two U.S. pressure pumpers.
Here’s a quicklist of oil and gas assets on the market including a package of Permian Basin leasehold and minerals plus royalty interest in Concho-and Chesapeake-operated shale wells.
Results from Permian Basin and Austin Chalk wells contributed to a boost in production guidance for SM Energy.
OneMap Mineral Partners retained RedOaks Energy Advisors for the sale of its mineral and royalty interests located in the Permian Basin through an offering closing July 12.
Public Gas Partners retained Meagher Energy Advisors for the sale of nonoperated leasehold and minerals in the Permian's central and Midland basins with bids due July 18.
Callon Petroleum also confirmed the sale of its noncore Permian asset in the southern Midland Basin to Houston-based independent Sequitur Energy Resources.
Oil companies like SM Energy are being challenged to exercise financial discipline and make shareholder returns a priority while managing growth.
Analysts with Capital One Securities expect Richard Little’s experience in growing a Permian Basin company will make him a “valuable asset” to Halcón Resources.
Federal Energy Regulatory Commission (FERC) on Monday partially approved the rate structure and terms of service for Plains All American Pipeline LP's Cactus II crude and condensate line from the Permian Basin to the Corpus Christi, Texas, area.
