Midland Basin
Trends
A&D Transactions From The Week Of Oct. 16, 2019
Here’s a snapshot of energy deals from the past week including Parsley Energy’s acquisition of its Permian neighbor Jagged Peak Energy in an all-stock transaction worth roughly $2.3 billion.
Lease Sales
On The Market Quicklist (Week Of Oct. 16, 2019)
Here’s a quicklist of oil and gas assets on the market including positions in the Permian Basin from Apache and Chevron.
Lease Sales
Marketed: Chevron Midland Basin Jo-Mill, Spraberry Fields
Chevron retained EnergyNet for the sale of an operated position in the Jo-Mill and Spraberry fields within the Permian's Midland Basin through a sealed-bid offering closing Nov. 7.
Public Capital , Exploration & Production , Shale Plays , Acquisitions & Divestitures , Mergers
Parsley To Acquire Jagged Peak In $2.3 Billion All-Stock Transaction
The acquisition of Jagged Peak will more than double Parsley Energy’s position in the Delaware Basin, where the companies expect to generate G&A savings of about $25 million within the first year.
Lease Sales
Marketed: EnCore Permian Nonop Assets, Howard And Pecos Counties
EnCore Permian Holdings LP retained Eagle River Energy Advisors LLC for the sale of nonoperated Permian Basin assets in West Texas through an offering closing Nov. 14.
Trends
A&D Transactions From The Week Of Oct. 9, 2019
Here’s a snapshot of energy deals from the past week including the $1 billion all-cash acquisition of Roan Resources and Contango’s takeover of White Star Petroleum.
Lease Sales
Marketed: Permian Mineral Package Across Midland, Delaware Basins
A private seller retained Detring Energy Advisors for the sale of a Permian Basin mineral and royalty package comprising about 1,700 net royalty acres with bids due Nov. 13.
Acquisitions & Divestitures , Joint Ventures
A&D Market: Permian Treasure Maps
The A&D market still has a large toolbox from which to crank deals, but more often it seems to be pulling out standard wrenches when a metric socket would be better suited.
Water Management
Texas Can Recycle Produced Water Wisely. Here’s How
Comprehensive report outlines produced water trends and recommendations to encourage reuse and recycling.
Natural Gas , Pipelines
Report: US Natgas Prices To Fall To Lowest Since 1970s
IHS Markit said natural gas prices would drop next year despite robust domestic demand, which has increased by 14 billion cubic feet per day since 2017, and rising exports.