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. 

July 21, 2021

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.

July 21, 2021

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.

July 21, 2021

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.

July 21, 2021

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.

July 21, 2021

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.

July 20, 2021

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.

July 19, 2021

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.

July 16, 2021

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. 

July 15, 2021

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.

July 15, 2021