Western Midstream said it would purchase Meritage Midstream’s Powder River Basin assets, including gas gathering and an NGL pipeline, for $885 million cash.
The all-equity transaction, which includes the assumption of $3 billion of Crestwood debt, adds infrastructure in the Williston and Delaware basins and also provides Energy Transfer with an entry into the Powder River Basin.
In February, EIV Capital raised $702 million in funding and said it had more than $900 million to deploy into new investments.
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.
Here’s a quicklist of oil and gas assets on the market including a Recoil Resources Eagleville Field well package within the Eagle Ford Basin in Atascosa and Wilson counties, Texas.
Here’s a snapshot of recent energy deals including Marathon Oil’s $3 billion cash acquisition of Ensign Natural Resources in the Eagle Ford Shale plus Kimbell’s largest deal in four years.
Here’s a quicklist of oil and gas assets on the market including a nonoperated position in the Bakken concentrated in Williams and Dunn counties, North Dakota, plus a Sabine Oil & Gas East Texas well package.
Pathfinder Energy Inc. retained EnergyNet for the sale of oil-weighted, conventional production in 20 operated wells located in the Powder River Basin in Campbell County, Wyoming.
Here’s a snapshot of recent energy deals including SLB’s acquisition of Houston-based Gyrodata and NextEra Energy’s $1.1 billion renewable natural gas expansion.
Here’s a snapshot of recent energy deals including NOG’s $330 million Permian Basin acquisition in Midland County, Texas, plus the closing of the $1.96 billion buyout of Shell Midstream.