Emily
Patsy
HartEnergy.com
Blackstone Sells Stake in Cheniere Energy Partners Valued at $7 Billion
The sale of the approximately 42% stake in Cheniere Energy Partners represented the culmination of Blackstone’s involvement with the Houston-based LNG producer.
Oil and Gas Industry A&D Trends: At the Brink
As 2020 crawls through the third quarter, the strains on M&A and the oil and gas industry are beginning to take on albatross-ian levels.
Permian Basin Operator Approach Resources Hitches Saddle to New Buyer
Bankrupt Permian operator Approach Resources appears to be headed toward a sale again—albeit for less than two-thirds of the original sales price.
BP Enters Offshore Wind Through $1.1 Billion Acquisition of US Assets
The acquisition marks BP’s entry into offshore wind and follows a new strategy that sees the British oil major accelerating its shift away from fossil fuels.
The Latest
Lease Sales
Marketed: Ridge Runner Resources Wolfcamp Shale Permian Basin Assets
Ridge Runner Resources Operating retained EnergyNet for the sale of a Wolfcamp Shale opportunity in the Permian Basin through a sealed-bid offering comprised of properties located in New Mexico’s Lea County.
September 25, 2020
Public Capital
Blackstone Sells Stake in Cheniere Energy Partners Valued at $7 Billion
The sale of the approximately 42% stake in Cheniere Energy Partners represented the culmination of Blackstone’s involvement with the Houston-based LNG producer.
September 24, 2020
Restructurings
Calfrac Rejects Wilks Brothers’ $20 Million Takeover Offer
Instead, Canada's Calfrac Well Services on Sept. 24 said it was sweetening its recapitalization plan to reduce debt.
September 24, 2020
Lease Sales
Marketed: Summit Discovery Operated Eagle Ford Shale Assets
Summit Discovery Resources retained RedOaks Energy Advisors as the exclusive adviser in connection with the sale of operated Eagle Ford assets in Karnes County, Texas.
September 24, 2020
Acquisitions & Divestitures
Energy A&D Transactions from the Week of Sept. 23, 2020
Here’s a snapshot of recent energy deals including the $115.5 million sale of Permian Basin operator Approach Resources through a bankruptcy auction plus a new JV targeting the Wolfcamp Shale.
September 23, 2020
Lease Sales
On the Market Oil and Gas Quicklist (Week of Sept. 23, 2020)
Here’s a quicklist of oil and gas assets on the market including the sale of producing mineral and royalty interests in Karnes County, Texas, plus a Wagner Oil package of certain South and East Texas properties.
September 23, 2020
Lease Sales
Marketed: Woodford Shale Package, Pecos and Terrell Counties, Texas
Brahman Resource Partners retained EnergyNet for the sale of a Woodford Shale package in West Texas through a sealed-bid offering closing Oct. 7.
September 23, 2020
Public Capital
Siemens Sees Market Value of Energy Spinoff above $20 Billion
Siemens is selling off the business, which has been hit by a collapse in demand and changing energy policies, to focus on smart buildings, mobility and factory automation.
September 23, 2020
Restructurings
Opinion: Rising Bankruptcy Toll Shows US Oil Patch Is Not ‘OK Now’
Business failures pile up despite Donald Trump trumpeting the oil and gas sector’s recovery.
September 22, 2020
Lease Sales
Marketed: Producing Royalty Assets, Karnes County, Texas
Bellatorum Phalanx Investments retained EnergyNet for the sale of producing mineral and royalty interests in a five-well package located in Karnes County in South Texas through an auction closing Oct. 6.
September 21, 2020