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.
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.
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.
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.
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.
Stonehill Environmental Partners to provide water pipeline disposal and recycling infrastructure solutions.
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.
Unit Petroleum Co. retained BOK Financial Securities for the sale of producing operated waterflood and related properties in southwest Oklahoma County, Oklahoma.
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.
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.
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.
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.
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.