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