Shareholders of Houston-based independent E&P company Noble Energy will receive 0.1191 shares of Chevron for each Noble Energy share and are expected to own approximately 3% of the combined company.
Editor’s note: there were no updates from the previous week’s A&D transactions chart that ran July 8.
Here’s a quicklist of oil and gas assets on the market including the sale of Callon Petroleum’s nonop portfolio located in the Permian Basin and Eagle Ford Shale plus a Louisiana Austin Chalk package from Panther Energy.
Callon Petroleum retained TenOaks Energy Advisors as its exclusive adviser in connection with the sale of its nonoperated working interest portfolio in the Permian Basin and Eagle Ford.
The biggest decline is forecast for the Eagle Ford Shale, where oil production is expected to slide by about 23,000 bbl/d to 1.1 million bbl/d, the lowest level since August 2017.
Here’s a quicklist of oil and gas assets on the market including the sale of operated properties in South Texas as part of a regional exit by Blackbeard Operating.
A brutal downcycle hurts all, but don’t mistake mineral portfolios with struggling E&Ps. The nature of their part of the business means less risk but greater stability in times like these.
Zero- and lightly levered private operators throughout U.S. oil basins are on the lookout to buy—and not just where they operate currently. These five producers—in Wyoming, Oklahoma, Colorado and South Texas—share their plans.