Onshore

Lease Sales

Marketed: Texegy Royalty Austin Chalk Minerals for Lease

Texegy Royalty retained Energy Advisors Group to market for lease its 48,000 net-acre Austin Chalk mineral position, which is an eastward extension of the Brookeland Field in Louisiana.

September 27, 2022

Exploration & Production , Enhanced Oil Recovery

AI, Biosurfactants Help Drain Oil Reservoirs

Two companies have developed new ESG-friendly EOR methods to help operators produce more barrels.

September 27, 2022

Energy Transition , Shale Plays , Acquisitions & Divestitures

Riverstone-backed Montney Shale Producer Plans US Listing in SPAC Deal

The transaction, which values Hammerhead Resources at CA$1.39 billion, is expected to form a publicly traded upstream oil and gas company with a path toward achieving net-zero emissions on a Scope 1 and Scope 2 basis by 2030.

September 26, 2022

Energy Transition , Acquisitions & Divestitures , Gathering & Processing

Momentum Midstream Establishes Leading Haynesville Presence with Latest Acquisitions

The acquisition of Midcoast’s East Texas business and Align Midstream was announced by Momentum Midstream alongside a new natural gas gathering and carbon capture project in the Haynesville Shale.

September 23, 2022

Lease Sales

Marketed: Continental Resources North STACK 200-well Package

Continental Resources Inc. retained EnergyNet for the sale of a 200-well package of conventional and unconventional assets in Oklahoma’s STACK play within the prolific Anadarko Basin.

September 23, 2022

Shale Plays , Acquisitions & Divestitures , Midstream

Summit Divests Williston Basin Gas Gathering System for $40 Million

Following the sale of the Bison gas gathering system to Steel Reef for $40 million in cash, Summit Midstream Partners’ focus in the Williston Basin will be on growing its crude oil and produced water gathering systems, CEO Heath Deneke said.

September 23, 2022

Private Equity , Shale Plays , Acquisitions & Divestitures

Silver Hill Energy Partners Closes $1.02 Billion Fund

Silver Hill Energy Partner’s latest fundraising uniquely positions the Dallas-based firm to “make rapid decisions as attractive oil and gas assets become available for acquisition,” Founder, President and CEO Kyle D. Miller said.

September 22, 2022

Acquisitions & Divestitures , Trends , Mergers

A&D Minute (Sept. 21, 2022): Is Eagle Ford Consolidation Inevitable? [WATCH]

Also in this week’s A&D Minute: SilverBow Resources’ $50 million acquisition provides a new position in this South Texas gas play and U.S. Energy Development Corp. recently acquired core Permian Basin acreage for more than $60 million.

September 21, 2022

Public Capital , People , Shale Plays

Magnolia Oil & Gas Appoints New CEO as Stephen Chazen Steps Down for Health Reasons

Effective immediately, Magnolia Oil & Gas on Sept. 21 named Christopher Stavros, the company’s CFO, as president and CEO. The company said Stephen Chazen will no longer be able to serve in his positions due to serious health reasons.

September 21, 2022

Lease Sales

Marketed: EOG Resources Operated Texas Panhandle Properties

EOG Resources retained TenOaks Energy Advisors for the sale of majority operated properties located in the Texas Panhandle, which TenOaks said is poised for continued growth via inventory of Cleveland / Marmaton locations with attractive economics.

September 20, 2022