Darren
Barbee
Oil and Gas Investor
Oil and Gas Investor A&D Trends: A&D Relapse
If dealmakers can get over the past year, with its misery as treacherous and deep as a river of mud, they may find a promising market in the months ahead.
Upstream M&A Tally Suggests Subtle Rebound in First-quarter
The recently announced agreement by Pioneer Natural Resources to acquire DoublePoint Energy, with multiple private equity sponsors, also adds further indications of a shift toward private upstream activity, analyst says.
Daniel Rice-led SPAC Forms Leading Renewable Natural Gas Platform in Billion-dollar Merger
Rice Acquisition Corp. agreed to a business combination worth over $1 billion with Aria Energy and Archaea Energy, both of which are leaders in the U.S. landfill gas and renewable natural gas sectors.
Hess Sells Bakken Acreage in $312 Million Deal to Enerplus
The sale to Enerplus consists of non-strategic interests in Bakken acreage in North Dakota that CEO John Hess said the company wasn’t planning on drilling before 2026.
The Latest
Business
Oil and Gas Investor A&D Trends: A&D Relapse
If dealmakers can get over the past year, with its misery as treacherous and deep as a river of mud, they may find a promising market in the months ahead.
April 16, 2021
Lease Sales
Marketed: Cross Plains Energy Partners Nonoperated Delaware Basin Properties
CPEP Management, an affiliate of Cross Plains Energy Partners, retained TenOaks Energy Advisors in connection with the potential sale of certain cash-generating wellbore-only properties located in the Delaware Basin.
April 16, 2021
Business
Golden Gate Capital Launches Infrastructure Platform, Buys Waterfield Midstream Assets
Stonehill Environmental Partners to provide water pipeline disposal and recycling infrastructure solutions.
April 16, 2021
Exploration & Production
Trafigura Agrees to Buy Sonangol’s Stake in Puma Energy for $600 Million
Trafigura and Puma Energy said in a joint statement on April 16 that Puma had also agreed to sell its Angolan business and assets to Sonangol for $600 million.
April 16, 2021
Lease Sales
Marketed: Unit Petroleum Oklahoma Waterflood Properties
Unit Petroleum Co. retained BOK Financial Securities for the sale of producing operated waterflood and related properties in southwest Oklahoma County, Oklahoma.
April 15, 2021
Public Capital
Woodside, Santos Investors Reject Oil and Gas Wind-up Resolution
Almost one-fifth of votes cast ahead of Woodside Petroleum’s annual meeting and 13% of votes of Santos were in favor of the resolution proposed by shareholder activist group pushing the company to get out of oil and gas.
April 15, 2021
Lease Sales
Marketed: EnCore Permian Operated Leasehold, Minerals Opportunity
EnCore Permian Holdings LP retained PetroDivest Advisors for the sale of certain leasehold and producing properties located in the Permian Basin in Upton, Howard and Pecos counties, Texas.
April 14, 2021
Acquisitions & Divestitures
Energy A&D Transactions from the Week of April 14, 2021
Here’s a snapshot of recent energy deals including a $312 million sale by Hess in the Bakken plus Saudi Aramco signs a $12.4 billion pipeline deal.
April 14, 2021
Lease Sales
On the Market Oil and Gas Quicklist (Week of April 14, 2021)
Here’s a quicklist of oil and gas assets on the market including the sale of Chevron’s Eunice/Hobbs asset in the Permian Basin plus a rural D-J Basin JV opportunity and Legacy Reserves Permian ORRI portfolio.
April 14, 2021
Lease Sales
Marketed: Legacy Resources Permian Basin ORRI Portfolio
Legacy Reserves LP retained TenOaks Energy Advisors and Barclays in connection with the potential sale of a portfolio of overriding royalty interests spanning active development areas in the Delaware and Midland basins in the Permian.
April 14, 2021