Wilks Brothers-controlled Dawson will purchase Breckenridge Geophysical — owned by Wilks Brothers — in an all-stock deal worth more than $10 million.
Operators are adding inventory, largely through M&A, as some E&Ps see well productivity plateauing.
Superior, an international provider of drilling, completion and production services and products, is exploring its options to boost value for shareholders, including through M&A.
VTX Energy, backed by Swiss oil trader Vitol, purchased 35,000 net leasehold acres with an average production of 40,000 boe/d in the Delaware Basin’s Pecos and Reeves counties, Texas, in a deal Enverus said could be valued at $1.5 billion to $2 billion.
Wilks Brothers-controlled Dawson will purchase Breckenridge Geophysical — owned by Wilks Brothers — in an all-stock deal worth more than $10 million.
Operators are adding inventory, largely through M&A, as some E&Ps see well productivity plateauing.
Superior, an international provider of drilling, completion and production services and products, is exploring its options to boost value for shareholders, including through M&A.
VTX Energy, backed by Swiss oil trader Vitol, purchased 35,000 net leasehold acres with an average production of 40,000 boe/d in the Delaware Basin’s Pecos and Reeves counties, Texas, in a deal Enverus said could be valued at $1.5 billion to $2 billion.
BP currently holds 50% in Lightsource BP, which has a portfolio valued around $2 billion.
CorEnergy Infrastructure Trust Inc. is marketing its Omega Pipeline Co. and MoGas Pipeline LLC systems as it looks to deleverage.
Also in this week's A&D Minute, Principal Solar plans on buying the century-old Minerva-Rockdale oil field and New Fortress Energy is divesting its interest in a floating LNG facility.
Here’s a snapshot of recent energy deals, including Canadian Pacific Railway’s $27 billion acquisition of Kansas City Southern, the only single-line crude-by-rail railroad connecting Canada, the U.S. and Mexico.
BrightNight and ACEN plan to deploy $2.5 million equity plus related performance guarantees to develop differentiated hybrid wind-solar projects in India.
Discovery Oil LLC has retained EnergyNet for the sale of an 18 well package, non-operated WI and ORRI, in Richland County, Montana and Dunn, McKenzie, and Williams Counties, North Dakota.