Emily
Patsy
HartEnergy.com
Noble Midstream Agrees to Chevron Buyout in $1.32 Billion All-stock Deal
Chevron said it had reached the buyout agreement with Noble Midstream on March 5, roughly a month after announcing a slightly smaller offer to buy out the pipeline operator.
Oil and Gas Investor: The Great SPAC Comeback
SPACs have taken Wall Street by storm, raising billions for as-yet unidentified acquisition targets—but will they return to save the oil and gas space?
U.S. Energy Development Continues Permian Basin Expansion with Recent Acquisitions
U.S. Energy Development acquired interests in oil development projects that the company’s CEO described as “instrumental” in U.S. Energy’s continued growth and expansion in the Permian Basin.
Industry of Debt: Oil and Gas M&A Looks for 2021 Reset
As more debt is restructured or discharged, the drag on M&A should lessen, which could lead to the return of dealmaking in the oil and gas sector to pre-pandemic levels, Deloitte says.
The Latest
Public Capital
Riley Exploration Permian Provides Update Following Tengasco Merger
The company’s predecessor, private equity-backed Riley Permian, was formed with the goal of building a premier Permian Basin pure-play.
March 5, 2021
Lease Sales
Marketed: Unbridled Resources Delaware Basin Leasehold, Eddy County, New Mexico
Unbridled Resources LLC retained EnergyNet for the sale of Delaware Basin non-producing leasehold in New Mexico’s Eddy County through an auction closing March 17.
March 5, 2021
Public Capital
Noble Midstream Agrees to Chevron Buyout in $1.32 Billion All-stock Deal
Chevron said it had reached the buyout agreement with Noble Midstream on March 5, roughly a month after announcing a slightly smaller offer to buy out the pipeline operator.
March 5, 2021
Lease Sales
Marketed: Arrowhead Energy Partners D-J, Williston, Haynesville Shale Minerals
Arrowhead Energy Partners retained BOK Financial Securities for the sale of certain mineral interests within the D-J Basin, Williston Basin and Haynesville Shale in Colorado, North Dakota, Texas and Louisiana.
March 4, 2021
Acquisitions & Divestitures
Energy A&D Transactions from the Week of March 3, 2021
Here’s a snapshot of recent energy deals including Permian Basin acquisitions by U.S. Energy Development comprising interests in oil development projects in the Delaware Basin.
March 3, 2021
Lease Sales
On the Market Oil and Gas Quicklist (Week of March 3, 2021)
Here’s a quicklist of oil and gas assets on the market including certain a Samson Resources nonop / royalty package across several states plus an operated acquisition / farm-in opportunity in Wyoming’s D-J Basin.
March 3, 2021
Lease Sales
Marketed: Cameron Oil & Gas Operated Working Interest, Eddy and Lea Counties, New Mexico
The Oil & Gas Asset Clearinghouse LLC is partnering with Cameron Oil & Gas Inc. to market an operated working package that includes 82 wells in New Mexico’s Eddy and Lea counties.
March 3, 2021
Public Capital
Oil and Gas Investor: The Great SPAC Comeback
SPACs have taken Wall Street by storm, raising billions for as-yet unidentified acquisition targets—but will they return to save the oil and gas space?
March 3, 2021
Private Equity
A&D Advisory Firm EnergyNet Promotes Russell Artho to CFO
Russell Artho joined the EnergyNet team in 2018 as controller and his promotion to CFO is reflective of his “dedicated leadership and thoughtful contributions,” says Chris Atherton, CEO of the A&D advisory firm.
March 2, 2021
Business
Waterous Energy Fund Completes Takeover of Osum Oil Sands
Waterous’ latest offer was to buy up to 57 million shares of the oil and gas producer at C$3 per share, implying a deal value of C$171 million ($135.62 million).
March 2, 2021