Permian
Acquisitions & Divestitures , Trends , Mergers
Energy A&D Transactions from the Week of July 21, 2021
Here’s a snapshot of recent energy deals including Kinder Morgan’s entry into the energy transition space through a $310 million acquisition.
Lease Sales
On the Market Oil and Gas Quicklist (Week of July 21, 2021)
Here’s a quicklist of oil and gas assets on the market including the sale of producing conventional properties in the East Texas Basin by Rockcliff Energy plus Blackbeard Operating Delaware Basin working interest.
Private Equity , Shale Plays , Acquisitions & Divestitures
Grenadier Energy Lands EnCap Commitment Following Midland Basin Sale
The commitment will be used to continue Grenadier Energy’s strategy to acquire, develop and exploit assets, which The Woodlands, Texas-based E&P company says it has employed successfully through multiple iterations.
Public Capital , Shale Plays , Acquisitions & Divestitures
Earthstone Updates Guidance after Closing Latest Permian Acquisition
So far in 2021, Earthstone Energy has completed two acquisitions in the Permian Basin and announced another in the Eagle Ford Shale for a total of $360 million spent in aggregate acquisitions, says CEO Robert J. Anderson.
Lease Sales
Marketed: Ameredev Permian Basin Package, Winkler County, Texas
An affiliate of Ameredev retained EnergyNet for the sale of a Permian Basin opportunity that includes operations in three wells plus leasehold acreage in Winkler County, Texas.
Lease Sales
Marketed: Blackbeard Operating Delaware Basin Working Interest
Blackbeard Operating LLC retained RedOaks Energy Advisors for the sale of certain nonoperated working interest and leasehold in the Delaware Basin in New Mexico’s Eddy and Lea County.
Rig Counts , Shale Plays
Hart Energy Unconventional Activity Tracker (Week of July 19, 2021)
The most notable change to the U.S. rig count in the last week was in the Permian Basin, where active oil and gas rigs dropped by six.
Public Capital , Exploration & Production , Shale Plays
Fighting the Fight: Diamondback Energy Shares Survival Tactics
Public oil and gas producers will be judged on LOE and G&A plus their emissions profile, methane intensity and flaring, according to Diamondback CFO Kaes Van’t Hof.
Lease Sales
Marketed: Midland Basin Mineral, Royalty Interests
A private seller retained PetroDivest Advisors for the sale of oil and gas mineral and royalty interests in the core of the Midland Basin.
Exploration & Production , Shale Plays , Acquisitions & Divestitures , Mergers , Midstream
Q&A: Sidley’s Tim Chandler on Water Management M&A Trends
The attorney who helmed the team representing XRI in its purchase of Celtic Disposal from Hibernia offers his insight on whether more E&Ps will seek to divest their water management units.