Texas/La Gulf Coast
Private Equity , Acquisitions & Divestitures , Gathering & Processing , Pipelines
EnCap Flatrock Backs Ironwood Midstream In Twin Eagle Acquisition
Concurrent with a new $400 million equity commitment from EnCap Midstream, Ironwood stuck a deal to acquire Twin Eagle midstream assets in South Texas.
Public Capital , Acquisitions & Divestitures
Kimbell Royalty Partners Tacks On Eagle Ford Core In All-Stock Deal
Kimbell’s all-stock acquisition, with privately-held Buckhorn Resources, includes mineral and royalty assets primarily located in the core of the Eagle Ford Shale in South Texas.
Highlights
Best Of This Week’s Drilling Activity Highlights (Nov. 8, 2019)
Wolfcamp wells and a U.S. Gulf of Mexico development test by Shell plus four Eagle Ford producers top this week’s drilling activity highlights from around the world.
Public Capital , Unconventional , Shale Plays , Acquisitions & Divestitures
Equinor Sells Eagle Ford Asset In $325 Million Deal
Equinor entered the Eagle Ford asset at the height of the U.S. shale boom in 2010 through a 50/50 JV acquisition with Talisman Energy, now owned by Repsol.
Earnings , Unconventional , Shale Plays , Acquisitions & Divestitures
Marathon Oil Adds Eagle Ford Scale With $185 Million Bolt-On
Marathon Oil also unveiled a new Delaware Basin oil play with over 60,000 contiguous net acres in Ward and Winkler counties, Texas.
Trends
A&D Transactions From The Week Of Nov. 6, 2019
Here’s a snapshot of energy deals from the past week including the closing of Contango’s acquisition of White Star Petroleum and a roughly $1.6 billion county exit by Chevron.
Lease Sales
On The Market Quicklist (Week Of Nov. 6, 2019)
Here’s a quicklist of oil and gas assets on the market including a minerals package located in the core of the Delaware Basin and more Anadarko Basin assets from Grizzly Energy.
Lease Sales
Marketed: Haynesville Shale, Cotton Valley Royalty Package
An affiliate of Arkoma Cos. retained EnergyNet for the sale a package of Haynesville Shale and Cotton Valley assets in Louisiana and East Texas through a sealed-bid offering closing Nov. 21.
Private Equity , Water Management , Acquisitions & Divestitures , Midstream
NGP Sells OWL Ownership To Alternative Asset Management Firm
Currently, Oilfield Water Logistics (OWL) owns and operates the largest commercial produced water gathering and transportation system in the Northern Delaware Basin.
Business , Exploration & Production , Trends
E&P Momentum: Austin Chalk Redux
Overall news is mixed as challenging formational issues bedevil E&P efforts to create another Austin Chalk revival.