In the coming year, public oil and gas companies may face a better chance of being acquired and taken private.
Here’s a quicklist of oil and gas assets on the market including “SOHOT” asset packages from Marathon Oil in Oklahoma plus a Merit Energy Powder River Basin waterflood asset.
To everything there is a season, and while others might find this a time to scatter stones, this disciplined and prepared E&P is busy gathering them. The principals of Lime Rock Resources talk strategy, A&D and practiced patience.
Here’s a snapshot of energy deals from the past week including Kimbell’s acquisition of NGP-backed Springbok plus the closing of Parsley’s multibillion-dollar merger with Jagged Peak.
The Permian Basin remains one of the best opportunities for nonoperating investors in the world, particularly for those who go in with eyes wide open to these risks and a clear plan for mitigating them.
M&M Energy retained EnergyNet for the sale of an operated asset package located in Lea County, N.M., of the Permian Basin in an auction closing Feb. 5.
A private seller retained RedOaks Energy Advisors as its exclusive adviser in connection with the sale of certain mineral properties located in Howard and Borden counties, Texas, of the Midland Basin.
The merger agreement follows remarks made by Era Group CEO Chris Bradshaw in a letter to shareholders last year that the offshore helicopter industry was in “dire need” of consolidation.
William R. Thomas has led the growth of a number of E&P companies throughout his career, which the VAALCO Energy board believes will support the company’s inorganic growth ambitions.
Alamo Energy Partners retained EnergyNet for the sale of nonoperated working interest in South Texas wells located in Duval County, Texas.
DSD Energy Partners retained Energy Advisors Group to market a non-producing acreage in the San Andres play in Yoakum County, Texas.
DSD Energy Partners engaged Energy Advisors Group Inc. to market prospective acreage located in Karnes and Webb counties, Texas, in the Eagle Ford Shale.
MAC 5 Operating retained Energy Advisors Group to assist in sourcing a development partner to participate in the conventional development in the Panhandle Field of Moore County, Texas.
Frac Shack’s acquisition of the Sandtinel sand separation system allows the company to expand and diversify its services to new and existing customers in the flowback and production industry.