Texas/La Gulf Coast

Lease Sales

On the Market Oil and Gas Quicklist (Week of June 22, 2022)

Here’s a quicklist of oil and gas assets on the market including PetroQuest Energy operated East Texas natural gas interests plus a Verado Energy operated horizontal development in the Permian Basin.

June 22, 2022

Lease Sales

Marketed: PetroQuest Energy Operated East Texas Natural Gas Interests

PetroQuest Energy Inc. retained Detring Energy Advisors for the sale of oil and gas leasehold and related interests located in Panola County, Texas, including within the prolific Cotton Valley formation.

June 21, 2022

Private Equity , Shale Plays , Acquisitions & Divestitures

From Bakken to Haynesville: Riverbend Sells Nonop Assets for $1.8 Billion

Riverbend Energy Group had assembled the nonop acreage since 2016 through three funds; it retains assets in the Permian’s southern Midland Basin.

June 16, 2022

Acquisitions & Divestitures , Trends , Mergers

Energy A&D Transactions from the Week of June 15, 2022

Here’s a snapshot of recent energy deals including Devon Energy’s $856 million bolt-on acquisition of RimRock Oil and Gas in the Bakken plus BP’s exit from the Canadian oil sands.

June 15, 2022

Lease Sales

On the Market Oil and Gas Quicklist (Week of June 15, 2022)

Here’s a quicklist of oil and gas assets on the market EOG Resources Wolfcamp Shale assets in Loving County, Texas, plus a Grace Petroleum operated package in the Permian Basin.

June 15, 2022

Natural Gas , Emissions , Shale Plays

Southwestern Energy Agrees to RSG Supply Deal with Germany’s Uniper

Southwestern Energy entered a multiyear agreement to supply Germany’s Uniper North American subsidiary with responsibly sourced gas produced from its Appalachia and Haynesville shale positions.

June 14, 2022

Public Capital , Acquisitions & Divestitures

Unit Corp. Ends Bid to Liquidate Properties Following Gulf Coast Asset Sale

Tulsa, Okla.-based Unit Corp. announced on June 10 that it will double its share buyback program to $100 million.

June 13, 2022

Liquefied Natural Gas (LNG) , Midstream

Cheniere Cleared to Return Louisiana Sabine LNG Tank After 2018 Leak

Following the shutdown of two LNG tanks after finding a leak in 2018, Cheniere Energy has been allowed to return one of those storage tanks to service at Louisiana's Sabine Pass LNG export plant.

June 10, 2022

Midstream

Pipelines Unclogged, But Canadian Crude Now Faces US Gulf Coast Glut

Canadian crude is being washed out by a surplus of American sour crude due to the U.S. opening its Strategic Petroleum Reserve to combat high fuel prices.

June 9, 2022

Acquisitions & Divestitures , Trends , Mergers

Energy A&D Transactions from the Week of June 8, 2022

Here’s a snapshot of recent energy deals including a $170 million Williston Basin bolt-on and Intrepid-backed Rio Grande E&P finds an exit.

June 8, 2022