Joseph
Markman
HartEnergy.com
Pioneer’s Sheffield: Few Independents Will Survive Oil Downturn
The consolidation trend among oil and gas producers will continue, Pioneer CEO Scott Sheffield says, before vaccines pave the way for recovery.
FourPoint Energy Completes Consensual Restructuring with EIG and Merger with Maverick
George Solich and management team retain FourPoint Energy name, plan for next venture.
EQT CEO Toby Rice Promotes Massive M&A in Appalachia
A year into remodeling EQT into an efficiency powerhouse, Toby Rice hangs out a “we buy Marcellus” placard with consolidation the goal.
S&P Global to Buy IHS Markit in All-stock Deal Valued at $44 Billion
The landmark deal, which values IHS Markit at an enterprise value of $44 billion including $4.8 billion of net debt, combines two of the world’s largest provides of data.
The Latest
Exploration & Production
BLM Lease Sale in Arctic Refuge to Take Place Before Biden Takes Office
The sale notice for oil leases in the Arctic National Wildlife Refuge will be published on Dec. 7, setting up a sale to be held on Jan. 6 via video livestream, the BLM said in a statement.
December 3, 2020
Public Capital
Contango Oil & Gas Snags Oily, Low-decline Assets in $58 Million Deal
Contango Oil & Gas agreed to pay $58 million in cash for the acquisition of PDP heavy reserves located in in the Big Horn, Permian and Powder River basins made via a bank-owned liquidation of assets.
December 3, 2020
Investment
Bellatorum Resources Launches $100 Million Fund Targeting Texas Royalty Acquisitions
Capital raised for Bellatorum Resources’ latest fund will be used to purchase oil and gas royalties in Texas, including in the Permian Basin, Eagle Ford Shale, Haynesville Shale, and Barnett Shale plays.
December 3, 2020
Lease Sales
Marketed: Tyner Energy North Midland Basin Package
Tyner Energy retained EnergyNet for the sale of a North Midland Basin package comprised of non-producing leasehold acreage in Dawson and Martin counties, Texas, through a sealed-bid offering closing Dec. 10.
December 3, 2020
Public Capital
Pioneer’s Sheffield: Few Independents Will Survive Oil Downturn
The consolidation trend among oil and gas producers will continue, Pioneer CEO Scott Sheffield says, before vaccines pave the way for recovery.
December 3, 2020
Lease Sales
Marketed: Ankor Gulf of Mexico Offshore Opportunity
Ankor E&P Holdings Corp. and KOA Energy LP retained Detring Energy Advisors and Oil & Gas Asset Clearinghouse to market for sale Gulf of Mexico Shelf assets that include working interest in four legacy producing fields.
December 3, 2020
People
Forty Under 40: Mike Kifer, EnerVest Ltd.
Today’s featured Forty Under 40 honoree is Mike Kifer, vice president of acquisitions and reserves for Houston-based EnerVest Ltd.
December 3, 2020
Acquisitions & Divestitures
Energy A&D Transactions from the Week of Dec. 2, 2020
Here’s a snapshot of recent energy deals including the closing of Southwestern Energy’s acquisition of Montage Resources plus the $44 billion all-stock merger of S&P Global and IHS Markit.
December 2, 2020
Lease Sales
On the Market Oil and Gas Quicklist (Week of Dec. 2, 2020)
Here’s a quicklist of oil and gas assets on the market including multiple Ascent Resources packages in the core of the Utica Shale in Ohio plus royalty acreage operated by Endeavor Energy Resources in the Permian Basin.
December 2, 2020
Company Profiles
Virtual DUG East: CNX Resources’ Nick Deluliis Talks M&A and ‘Reckonings’
While not addressing rumors of possible mergers involving CNX Resources, the industry veteran offered ‘hard truths’ on successful combinations in the Appalachian Basin during Hart Energy’s DUG East and Marcellus-Utica Midstream Virtual Conference.
December 2, 2020