Blue Flame Minerals retained RedOaks Energy Advisors for the sale of its Bakken/Three Forks minerals position located in North Dakota in an offering closing Oct. 31.
New pipelines coming online are expected to ease Permian Basin gas takeaway capacity woes.
The transactions with the undisclosed buyers are expected to close within the next 45 days, the company said in a news release.
“The environmental case against fracking crumbled years ago. The economic case for it is unassailable. So why are leading presidential candidates intent on shutting down one of the most beneficial U.S. innovations of the modern era?”
Little Raven Oil & Gas retained EnergyNet for the sale of a package of Bakken Shale assets located in McKenzie County, N.D., through an auction closing Oct. 8.
As asset-level A&D struggles in the background of multibillion E&P mergers and market indifference to oil and gas, deal advisers see a spike in transactions for minerals, conventional assets and even combinations of private-equity companies.
U.S. oil output from seven major shale formations is expected to rise by 74,000 barrels per day (bbl/d) in October to a record high 8.843 million bpd (MMbbl/d), the U.S. Energy Information Administration (EIA) said in its monthly drilling productivity report on Sept. 16.