The Latest

Whiting, Oasis Petroleum Become Chord Energy as Merger Closes

The new company, Chord Energy based in Houston, has a premier Williston Basin position with top tier assets across approximately 972,000 net acres and a pledge to return 60% of its free cash flow to shareholders.

July 1, 2022

Marketed: North Dakota Waterloods, Bottineau and Renville Counties

A private seller retained Energy Advisors Group (EAG) for the sale of certain Williston Basin operated assets located in Bottineau and Renville counties, North Dakota.

July 1, 2022

Biden Administration Delays Rollout of Offshore Drilling Plan

Interior Department Secretary Deb Haaland in May had vowed to unveil the draft proposal ahead of the June 30 expiration of the current plan.

July 1, 2022

Citizen Energy Sees ‘Dominant Footprint’ Following Latest Midcontinent Acquisition

Following the acquisition of Red Bluff Resources and Bricktown Energy, Citizen Energy’s Midcontinent position now encompasses 326,000 net acres, 98% HBP.

July 1, 2022

Marketed: Delaware, Midland Basin Mineral/Royalty Opportunity

An undisclosed seller retained EnergyNet Indigo for the sale of a Permian Basin mineral and royalty opportunity across New Mexico’s Eddy and Lea counties and Howard, Martin and Midland counties in West Texas.

June 30, 2022

Ranger Oil Racks Up Six ‘Bolt-on’ Acquisitions Worth $110 Million

Ranger Oil added three “bolt-on” acquisitions in the Eagle Ford Shale, bringing the total of all-cash transactions signed in the second quarter to six worth a combined $110 million.

June 30, 2022

Edison Sells Stake in Algeria Gas Field to Repsol, Wintershall Dea

Repsol will buy 6.75% of the gas field and Wintershall Dea will get 4.50%.

June 30, 2022

Shell Buys Operating Stake in Equinor’s North Platte in US Gulf of Mexico

To reflect the change, Equinor and Shell have agreed to rename the North Platte development, located in the Garden Banks area of the U.S. Gulf of Mexico, to Sparta.

June 29, 2022

Environmental Groups Sue to Block Biden Administration Oil and Gas Auctions

The lawsuit, filed in federal court in Washington D.C., alleges that the Interior’s Bureau of Land Management violated the law by failing to adequately analyze the oil and gas lease sales’ impact on climate change.

June 29, 2022

Energy A&D Transactions from the Week of June 29, 2022

Here’s a snapshot of recent energy deals including another acquisition by Earthstone Energy for the Permian Basin New Mexico assets of Titus Oil & Gas for $627 million.

June 29, 2022