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Permian
Public Capital , Shale Plays , Acquisitions & Divestitures
Brigham Minerals Explores Sale or Merger, Sources Say
Brigham Minerals’ shares have risen more than 20% this year as it benefited from elevated energy prices, prompting founder and CEO Bud Brigham to consider a sale, the sources said.
August 4, 2022
Public Capital , Crude Oil , Shale Plays
Pioneer’s Sheffield Sees $100 Oil Persisting, Amid Bump in OPEC+ Output
“It was miniscule. They just don’t have the supply,” Pioneer Natural Resources CEO Scott Sheffield said, pointing to OPEC heavyweights Saudi Arabia and United Arab Emirates.
August 4, 2022
Lease Sales
Marketed: Read & Stevens Operated, Nonoperated Delaware Basin Properties
Read & Stevens Inc. and First Century Oil Inc. retained TenOaks Energy Advisors for the sale of operated and nonoperated properties located in the Delaware Basin centered in Lea and Eddy Counties, New Mexico.
August 4, 2022
Earnings , Shale Plays , Pipelines
Plains All American Raises Outlook on Higher Oil Volumes
Average daily crude oil volumes in the second quarter rose 30% on its Permian Basin pipelines, Plains All American said, with oilfield activity trending about 10% above its initial expectations.
August 4, 2022
Public Capital , Shale Plays , Acquisitions & Divestitures
Apache Unveils $555 Million Acquisition of Texas Delaware Basin Properties
APA, the holding company of Apache, didn’t disclose the seller but, earlier on Aug. 3, Reuters reported that the company was buying assets in Texas from privately owned Titus Oil & Gas.
August 3, 2022
Acquisitions & Divestitures , Trends , Mergers
Energy A&D Transactions from the Week of Aug. 3, 2022
Here’s a snapshot of recent energy deals including Diversified Energy’s acquisition of ConocoPhillips Midcon assets for $240 million and the sale of Baker Hughes’ Russian oilfield services business.
August 3, 2022
Lease Sales
On the Market Oil and Gas Quicklist (Week of Aug. 3, 2022)
Here’s a quicklist of oil and gas assets on the market including a Sabine Oil and Gas Upton County, Texas property package plus a KONA Oil & Gas nonoperated multibasin opportunity concentrated in top resource plays throughout the Lower 48.
August 3, 2022
Shale Plays , Acquisitions & Divestitures , Trends
With Permian M&A Cooling, Will Other Basins Catch a Cold?
An analyst by Mercer Capital showed production per acreage deals have skyrocketed 10x in the past six months, pushing the limits of what could constitute an economically feasible deal in the Permian Basin.
August 3, 2022
Markets , Shale Plays , Pipelines
MPLX Ups Pipeline Throughput by 6% in Second Quarter
MPLX said it is expanding several projects, including in the Permian Basin where the Whistler pipeline is increasing from 2 Bcf/d to 2.5 Bcf/d.
August 3, 2022
Lease Sales
Marketed: Sabine Oil and Gas Upton County, Texas Property Package
Sabine Oil and Gas Corp., as trustee for the Forest Oil Corp. Pension Trust, retained EnergyNet for the sale property package in Upton County, Texas, through an auction closing Aug. 16.
August 2, 2022