The Latest

Public Capital

Canadian E&P Consolidation Continues with Billion-dollar Montney Merger

Tourmaline Oil’s agreement on June 11 to acquire Montney operator Black Swan Energy continues a trend in the Canadian energy sector, which has seen a flurry of mergers between oil and gas producers within the past year.

June 11, 2021

Public Capital

BP Plans to Spin Off Iraq Operations into Standalone E&P Company: Report

Spinning off oil and gas assets is seen as a way for BP to shift towards renewable energy.

June 11, 2021

Lease Sales

Marketed: Throne Petroleum Operated Midland Basin Sale

Throne Petroleum retained TenOaks Energy Advisors for the sale of an operated Midland Basin position in eastern Andrews County, Texas, within the Permian.

June 11, 2021

Lease Sales

Marketed: Grenadier Energy Wolfcamp Shale Permian Basin Package

Grenadier Energy Partners II LLC retained EnergyNet for the sale of a Wolfcamp Shale opportunity in the Permian Basin in Borden and Howard counties, Texas.

June 10, 2021

Business

Occidental Sells Permian Acreage to Colgate for $508 Million

The purchase of Permian Basin acreage from Occidental Petroleum is Colgate Energy’s second acquisition in the region this month so far putting the company in a truly differentiated position, Co-CEO James Walter says.

June 10, 2021

Acquisitions & Divestitures

Magellan Midstream Sells Terminals to Buckeye Partners

Independent refined products terminals included about 6 million barrels of storage.

June 10, 2021

Acquisitions & Divestitures

Energy A&D Transactions from the Week of June 9, 2021

Here’s a snapshot of recent energy deals including Southwestern Energy’s acquisition of Indigo Natural Resources and the sale of Crestone Peak Energy in an all-stock transaction.

June 9, 2021

Lease Sales

On the Market Oil and Gas Quicklist (Week of June 9, 2021)

Here’s a quicklist of oil and gas assets on the market including Peregrine Petroleum properties in the Williston Basin plus diversified mineral and royalty portfolio across several basins including the Permian Basin.

June 9, 2021

Lease Sales

Marketed: Eagle Ford Gas Gathering and Processing Plant

Eagle Ford Water and Disposal LLC retained EnergyNet for the sale of an Eagle Ford gas gathering and processing plant located in DeWitt County, Texas, through a sealed-bid offering.

June 9, 2021

Artificial Lift

Stena Drilling Acquires Stake in Digital Offshore Lifting Tech Firm Intebloc

Stena Drilling, an independent drilling contractor, has acquired a 30% stake in digital lifting technology solutions provider Intebloc, which improves the safety and productivity of offshore lifting operations, the company said on June 8.

June 9, 2021