A natural gas demand wave approaches, but there’s precious little left in the market to buy in the coveted Haynesville Shale.
U.S. upstream M&A activity reached $2.3 billion in April, defying a sharp 12% collapse in oil prices. Natural gas-driven deals led the way, including EQT’s $1.8 billion Olympus Energy acquisition.
BP’s U.S. shale operations include the Permian, Eagle Ford and Haynesville. The next wave of oil and gas consolidation may include mergers between the majors, veteran M&A insider Stephen Trauber of Moelis tells Hart Energy.
U.S. officials said on May 11 that a deal had been made to reduce the U.S. trade deficit with China. While all the details may not be established, oil prices will get another boost from this “deal”.
Here is a roundup of marketed oil and gas leaseholds in the Permian, Williston and Appalachian basins and the Bakken, Haynesville and Eagle Ford shales.
The joint venture between BKV and Copenhagen Infrastructure Partners comes after BKV entered an agreement on May 1 with Comstock Resources for CCUS projects in the Haynesville Shale.
PHX Minerals agreed to sell to WhiteHawk Energy for $187 million, expanding WhiteHawk’s natural gas portfolio in the Haynesville Shale and Midcontinent.
Post Oak Energy Capital was early to invest in M&R as a standalone asset class. Today, it manages 85,000 net royalty acres.
Expect more company integration and more investor attention to data centers and LNG terminals in the U.S. hydrocarbon space, says East Daley Analytics.
EOG Resources’ spending cuts will result in 80 fewer net completions and three fewer rigs, year-over-year, in the Eagle Ford and Delaware and Powder River basins.