Midland Basin

Transactions , Acquisitions & Divestitures , Mergers , Joint Ventures

Energy A&D Transactions from the Week of Feb. 1, 2023

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.

February 1, 2023

Exploration & Production , Transactions , Acquisitions & Divestitures

Diamondback Closes $1.55 Billion Lario Acquisition, Boosting Midland Basin Inventory

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.

January 31, 2023

Earnings , Exploration & Production , Shale Plays

Chevron Says Venezuela Production Up Nearly 80%

Chevron Corp. reported a positive uptick in oil production in Venezuela while Permian Basin production grew 8% year-over-year.

January 30, 2023

Transactions , Acquisitions & Divestitures , Mergers , Joint Ventures

Energy A&D Transactions from the Week of Jan. 25, 2023

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.

January 25, 2023

Transactions

Midland Basin E&P HighPeak Energy Exploring Possible Sale

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.

January 23, 2023

Acquisitions & Divestitures , Trends , Mergers

A&D Minute (Jan. 18, 2023): NOG-ing Them Out of the Park [WATCH]

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.

January 18, 2023

Lease Sales

Chord Energy Divests Multi-region Package, Heavy on the Permian

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.

January 18, 2023

Lease Sales

Marketed: Merced Capital Diversified Non-Operated Lower 48 Assets

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.

January 10, 2023

Acquisitions & Divestitures

NOG Closes Upsized Midland Basin Mascot Project Acquisition

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.

January 9, 2023

Lease Sales

Marketed: Lake Crystal Energy Midland Basin Operated Properties

Lake Crystal Energy retained RedOaks Energy Advisors for the sale of certain Midland Basin operated properties.

January 9, 2023