Darren
Barbee
Oil and Gas Investor
Upstream M&A Takes a Breather, But Dealmaking Remains Strong
After a barrage of upstream oil and gas deals in 2021, third-quarter transactions cooled, but an $18.5 billion showing still surpassed the five-year average, a recent report says.
Warburg’s Citizen Energy Expands in Oklahoma with $153 Million Bolt-on
Warburg Pincus-backed Citizen Energy agreed to acquire from an undisclosed seller 28,000 net acres described as a “gas-rich, bolt-on acquisition” to the company’s existing Anadarko Basin footprint.
Diversified Energy Acquires Tapstone in $419 Million Midcontinent Expansion
Since an initial acquisition in May, Appalachia-focused Diversified Energy has added positions in its central region footprint including in the Barnett, Cotton Valley and Haynesville shale plays.
SilverBow Snaps Up More Eagle Ford Acreage with $75 Million Acquisition
The transaction represents SilverBow Resources’ third acquisition in the Eagle Ford since the beginning of August and the largest to date for the company, says CEO Sean Woolverton.
The Latest
Policy & Regulations
S&P Gains EU Approval for $44 Billion Takeover of IHS Markit
The European Commission approved the $44 billion takeover on condition S&P sells IHS Markit’s U.S. Oil Pricing Agency Oil Price Information Service, PetroChemWire and its coal, metals and mining businesses
October 22, 2021
Policy & Regulations
US Antitrust Regulators Reportedly Slowing Down Oil and Gas Mergers
The FTC’s scrutiny threatens to put the brakes on dealmaking in the oil patch, which had already dropped to $18.5 billion of M&A between U.S. oil and gas producers in the third quarter.
October 22, 2021
Shale Plays
Privately Held ProFrac to Buy FTS International for $407.5 million in Cash
FTS International said the all-cash transaction with ProFrac will create one of the largest completions focused service companies in the U.S. oil and gas industry.
October 22, 2021
Business
EagleClaw to Combine with Apache’s Altus Midstream in All-stock Transaction
The combination with Altus Midstream creates the largest pure-play midstream company in the Permian Basin, providing the scale necessary for long-term success, says EagleClaw CEO Jamie Welch.
October 21, 2021
Lease Sales
Marketed: Kirkwood Oil & Gas Colorado Upstream Opportunity
Kirkwood Oil & Gas retained PetroDivest Advisors for the sale of its vertical operated interests in Colorado’s Moffat and Washington counties plus interests in the Iles Station storage tank.
October 21, 2021
Exploration & Production
Australia’s Otto Energy Acquires Interest in South Texas Wells
Otto Energy agreed to participate in two exploration prospects located onshore Texas in Colorado and Lavaca counties testing the Wilcox play.
October 20, 2021
Acquisitions & Divestitures
Energy A&D Transactions from the Week of Oct. 20, 2021
Here’s a snapshot of recent energy deals including a $750 million asset sale by Occidental Petroleum plus Citizen Energy’s $153 million expansion in Oklahoma.
October 20, 2021
Lease Sales
On the Market Oil and Gas Quicklist (Week of Oct. 20, 2021)
Here’s a quicklist of oil and gas assets on the market including Chisholm Oil & Gas STACK nonop opportunity plus Merit Energy Anadarko Basin nonop and mineral/royalty position.
October 20, 2021
Shale Plays
Upstream M&A Takes a Breather, But Dealmaking Remains Strong
After a barrage of upstream oil and gas deals in 2021, third-quarter transactions cooled, but an $18.5 billion showing still surpassed the five-year average, a recent report says.
October 20, 2021
Lease Sales
Marketed: Operated Working Interest in Weld County, Colorado
Nickel Road Operating retained Oil & Gas Asset Clearinghouse for the sale of its operated working interest in Colorado’s Weld County located within the western Wattenberg Field oil rim.
October 19, 2021