Darren
Barbee
Oil and Gas Investor
Three-Way Midland Basin Combination Creates $1.5 Billion E&P
The deal would create the largest pure-play northern Midland Basin E&P with a 73,000-net-acre position that is expected to produce 12,000 barrels of oil equivalent per day (boe/d) in 2020.
Forty Under 40: Muhammad Faisal Laghari, Citigroup
Today’s featured Forty Under 40 honoree is Muhammad Faisal Laghari, a managing director in Citigroup’s global energy investment banking team who helped lead the execution part Occidental’s Anadarko acquisition for Citi.
Spur Energy CEO: ‘Hardest Dang Thing We’ve Ever Done’
Jay Graham says the company’s northwest shelf deal got done because of extra effort.
Midstream M&A Gets Private
A majority of midstream deals are now orchestrated by private-equity buyers, and some public companies are getting big money offers to abandon their ticker symbols and go private.
The Latest
Acquisitions & Divestitures
Jones Energy II Enters Into Merger Agreement To Be Acquired By Revolution Resources
Jones Energy II, Inc. said late on Dec. 6 that it has entered into a definitive merger agreement to be acquired by Revolution II WI Holding Company LLC, an affiliate of Mountain Capital Partners LP, in an all-cash transaction valued at approximately $201.5 million.
December 8, 2019
Unconventional
Three-Way Midland Basin Combination Creates $1.5 Billion E&P
The deal would create the largest pure-play northern Midland Basin E&P with a 73,000-net-acre position that is expected to produce 12,000 barrels of oil equivalent per day (boe/d) in 2020.
December 6, 2019
Mergers
Energy Transfer, Semgroup Complete Merger
Energy Transfer expands vast pipeline network and acquires strategic position on the Houston Ship Channel.
December 6, 2019
Exploration & Production
Oil Companies Press Mexican President To Resume Suspended Auctions
Chevron Corp., Exxon Mobil Corp. and Royal Dutch Shell Plc, among other firms in Mexico’s Association of Hydrocarbon Companies (Amexhi), say they have met output targets and investment pledges worth hundreds of millions of dollars in the initial phases of their contracts.
December 5, 2019
Transactions
Energy Transfer, Shell Release Seek Bids For Lake Charles LNG Project
Energy Transfer LP said Dec. 3 that a comprehensive commercial tender package has been issued to EPC contractors to submit final commercial bids for the proposed Lake Charles LNG liquefaction project being developed by Energy Transfer and Shell US LNG LLC (Shell).
December 5, 2019
People
Forty Under 40: Matt Loreman, Development Capital Resources
Today’s featured Forty Under 40 honoree is Matt Loreman, who leads a team in Houston that sources, negotiates and manages JVs for DCR, an oil and gas platform he co-founded.
December 5, 2019
Exploration & Production
Oil Companies Swap Stakes In Mexico As Government Holds Off On Auctions
Companies selling stakes include large foreign producers that were awarded blocks in previous rounds.
December 4, 2019
Exploration & Production
Petrobras Says It May Divest Billions More Than Forecast
Talking to analysts and journalists, executives said they may sell parts of the Marlim oil field, one of Brazil’s largest, as well as its majority stake in the smaller Papa-Terra Field.
December 4, 2019
Pressure Pumping
Motive Offshore Acquires Pumptech Flexible Flowline Business
Motive has completed the acquisition of Stavanger-based Pumptech for a seven-figure sum, reflecting the ambitious growth strategy which follows significant investment earlier this year from private equity firm, EV Private Equity.
December 4, 2019
Exploration & Production
Algeria Plans To Block Sale Of Assets To Total
The country’s energy minister said the deal was "incompatible" with Algerian legislation.
December 4, 2019