The Latest

Acquisitions & Divestitures

Phillips 66 Partners Acquires Interest In $1.6 Billion Liberty Pipeline

Phillips 66 Partners agreed to acquire a 50% stake in the Liberty Pipeline, a $1.6 billion project to transport Rockies and Bakken crude oil production to Oklahoma’s Cushing hub.

February 21, 2020

Subsea

Hunting Acquires Enpro Subsea In All-cash Deal

Hunting Plc, the international energy services group, has completed the acquisition of Enpro Subsea Ltd. on Feb. 21 for a total consideration of $33 million payable on completion, plus a potential maximum earn out of $3 million based on EBITDA performance in 2020.

February 21, 2020

Lease Sales

Marketed: QEP Energy Kentucky, Michigan Asset Packages

QEP Energy Co., subsidiary of QEP Resources, retained EnergyNet for the sale of Kentucky and Michigan asset packages in auction closing March 5.

February 21, 2020

Lease Sales

Marketed: Producing Bone Spring ORRI, Lea County, New Mexico

Merrion Oil & Gas retained EnergyNet for the sale of overriding royalty interest package in the Permian Basin through a sealed-bid offering closing March 10.

February 20, 2020

Lease Sales

Marketed: Sierra Resources, Eagle Ford Gas Opportunity

Sierra EF LP retained Detring Energy Advisors to market for sale its oil and gas producing properties, leasehold, and related assets located in the Eagle Ford Shale.

February 19, 2020

Trends

Energy A&D Transactions From The Week Of Feb.19, 2020

Here’s a snapshot of energy deals from the past week including a $22.5 million bolt-on acquisition by Laredo Petroleum to its Midland Basin position.

February 19, 2020

Lease Sales

On The Market Oil And Gas Quicklist (Week Of Feb. 19, 2020)

Here’s a quicklist of oil and gas assets on the market including a Powder River Basin package from SilverBow Resources and Overland Energy Partners’ Williston Basin minerals.

February 19, 2020

Lease Sales

Marketed: Eagle Ford Shale Package, Gonzales County, Texas

Churchill Oil & Gas (SEA) LLC and ARB Energy LLC retained EnergyNet for the sale of a package in the Eagle Ford Shale through a sealed-bid offering closing Feb. 26.

February 19, 2020

Digital Oilfield

Quorum’s Latest Acquisition To Set ‘Gold Standard Record’ For E&Ps

Quorum CEO Gene Austin said he expects the company’s latest acquisition of Denver-based EnergyIQ will help E&Ps fully capitalize on data to operate leaner and with greater confidence.

February 18, 2020

Lease Sales

Marketed: South Texas Horizontal Development Project

Energy Advisors Group has been retained by Prime Systems to market its development program in Starr County, Texas.

February 18, 2020