Midland Basin

Lease Sales

Marketed: White Rock Oil & Gas Northern Midland Basin Waterflood Properties

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.

May 16, 2022

Shale Plays , Acquisitions & Divestitures , Midstream

Diamondback Energy to Acquire Rattler Midstream in $575 Million Roll-up

“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.

May 16, 2022

Public Capital , Shale Plays , Acquisitions & Divestitures

Grey Rock Agrees to $1.3 Billion Business Combination with Paul Ryan-backed SPAC

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.

May 16, 2022

Trends

Energy A&D Transactions from the Week of May 11, 2022

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.

May 11, 2022

Lease Sales

On the Market Oil and Gas Quicklist (Week of May 11, 2022)

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.

May 11, 2022

Lease Sales

Marketed: Macondo Fund IV Multibasin Mineral Package

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.

May 10, 2022

Acquisitions & Divestitures , Trends , Mergers

Energy A&D Transactions from the Week of May 4, 2022

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.

May 4, 2022

Lease Sales

On the Market Oil and Gas Quicklist (Week of May 4, 2022)

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.

May 4, 2022

Public Capital , Shale Plays , Acquisitions & Divestitures

HighPeak Energy to Acquire Hannathon Permian Properties for $373.4 Million

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.

April 27, 2022

Acquisitions & Divestitures , Trends , Mergers

Energy A&D Transactions from the Week of April 27, 2022

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.

April 27, 2022