A&D Transactions From The Week Of Feb. 13, 2019
Here’s a snapshot of energy deals from the past week including a minerals deal worth roughly $151 million and the sale of Devon’s Central Basin Platform assets in the Permian Basin.
February 13, 2019
Midland Basin
HART ENERGY CONNECT: Permian Bottleneck Non-Issue For Some
Fortuna Resources CEO says company is doing just fine getting oil out.
February 13, 2019
Pecos Star System Starts Recycling Operations In The Permian
Flagship system of Solaris Water Midstream has added new acreage and volume commitments.
February 12, 2019
EnCap Doubles Investment In Permian Basin-focused Minerals Company
The additional minerals investment comes less than a week after EnCap agreed to sell its stake in Phillips Energy Partners to Kimbell Royalty Partners.
February 11, 2019
Shale Operators Aim To Tame Water Woes In Permian Basin
Companies operating in the Permian Basin are working to get a better handle on water-related issues as production increases.
February 4, 2019
Magellan Cancels Plan For Short-Haul Oil Pipeline In West Texas
The Tulsa-based company plans to pursue a lower-cost project to meet shipper needs in an effort to be more capital efficient, its CEO told investors on a conference call.
January 31, 2019
US Shale Producers Earnings Expectations, 2019 Forecast
Analysts named Diamondback Energy as a top pick among shale producers as a result of its $9.2 billion acquisition of Permian Basin rival Energen last year.
January 30, 2019
Pioneer Natural Resources Eyes Gain On Oil And Gas Hedges
U.S. shale producer Pioneer Natural Resources anticipates a non-cash gain of $576 million on oil and gas hedging contracts for the fourth quarter, according to an SEC filing.
January 30, 2019
QEP Resources Explores Sales Process Following Haynesville Deal
Rystad Energy values QEP Resources’ Midland assets in the Permian Basin at $4 billion, about twice the value of a takeover offer made by activist investor Elliott Management.
January 22, 2019
Acquisitions & Divestitures, Unconventional, Crude Oil, Public Capital, Enhanced Oil Recovery, Emissions
HEADLINES: QEP’s Offer; Oil Majors Take Interest In Carbon Emissions
API’s CEO Mike Sommers said this generation is defined as “Generation Energy” because of the unprecedented dual achievement of meeting record world energy demand while driving record CO₂ emissions reductions.
January 10, 2019