Exploration & Production , Energy Transition , Storage , Gathering & Processing

Western Midstream Details Carbon-Management Initiative with Occidental

Analysts note that midstream operators of all sizes may have opportunities in CCUS.

February 2, 2023

Joint Ventures

Red Leaf, Ute Energy to Collaborate on Uinta Basin Projects

Red Leaf Resources and Ute Energy will jointly develop Uinta Basin assets, including a refinery and proposed transloading facility. 

January 31, 2023

Private Equity , Midstream

Intensity Infrastructure Partners Secures Equity Backing from EIV Capital

In February, EIV Capital raised $702 million in funding and said it had more than $900 million to deploy into new investments.

January 31, 2023

IPO , Transactions

Bob Simpson-led TXO Energy Partners IPO Exceeding Expectations

Formerly known as MorningStar Partners LP, TXO Energy is an MLP with primarily conventional-rock operations in the Permian Basin, New Mexico’s San Juan Basin and Colorado led by industry veteran Bob Simpson.

January 30, 2023

Acquisitions & Divestitures , Trends , Mergers

Strange Brew: 2022 M&A Neared Two-decade Low, but Large-cap E&Ps Sitting Pretty

Despite large-cap publics such as Devon Energy, Diamondback and Marathon Oil dominating M&A in 2022, the overall deal count fell to the lowest level since 2005, according to Enverus.

January 30, 2023

Influential Women , Energy Transition , Mergers

Exclusive: Civitas' Consolidation, Operational Execution [WATCH]

Marianella Foschi, CFO of Civitas Resources Inc., believes that the oil and gas industry is headed in the direction of higher efficiency and lower costs through M&A and embracing cleaner and safer practices.

January 26, 2023

Lease Sales

Marketed: AGS Oil & Gas Holdings #2 D-J Basin Opportunity

AGS Oil & Gas Holdings #2 Inc. retained EnergyNet for the sale of the rights, title and interest in 16 horizontal proposed AFE wells located in the Denver-Julesburg Basin in Boulder County, Colo.

January 24, 2023

Lease Sales

Marketed: Anschutz Exploration Corp $9 Million Non-op Working Interests

Anschutz Exploration Corp. exclusively retained Eagle River Energy Advisors LLC to divest certain wellbore only, non-operated working interests that generate $9 million annualized cash flow from 430 boe/d of net production in the Powder River Basin of Wyoming.

January 24, 2023

Lease Sales

Marketed: TPG Energy 8-Well Package in Colorado

TPG Energy has retained EnergyNet for the sale of an eight-well producing MI/RI package operated by POCO Operating LLC located in Adams County, Colo.

January 20, 2023

Acquisitions & Divestitures , Trends , Mergers

Energy A&D Transactions from the Week of Jan. 11, 2023

Here’s a snapshot of recent energy deals including Northern Oil & Gas (NOG) closed on  an upsized acquisition of working interests in Midland-Petro D.C. Partners LLC and Phillips 66 $3.8 billion deal with DCP Midstream LP.

January 11, 2023