The Latest

Business

Private Minerals Companies: Solid (Relatively) as the Rock

A brutal downcycle hurts all, but don’t mistake mineral portfolios with struggling E&Ps. The nature of their part of the business means less risk but greater stability in times like these.

July 7, 2020

Business

Private Reserves: An Outlook from Private Oil Producers

Zero- and lightly levered private operators throughout U.S. oil basins are on the lookout to buy—and not just where they operate currently. These five producers—in Wyoming, Oklahoma, Colorado and South Texas—share their plans.

July 6, 2020

Public Capital

Warren Buffett’s Berkshire Hathaway Buys Dominion Gas Business Worth Nearly $10 Billion

The deal reflects a strategic repositioning by Dominion Energy on its regulated utility operations, according to CEO Thomas F. Farrell II, and also follows the company’s decision to cancel the Atlantic Coast Pipeline.

July 5, 2020

Lease Sales

Marketed: Blackbeard Operating South Texas Regional Exit

Blackbeard Operating retained TenOaks Energy Advisors as its exclusive adviser in connection with the sale of its operated properties in South Texas as part of a regional exit. 

July 2, 2020

Acquisitions & Divestitures

BP Completes Part of $5.6 Billion Alaska Sale to Hilcorp Energy

The agreement calls for Hilcorp to pay $4 billion to BP over an unspecified time, with the remaining $1.6 billion based on future earnings from the Alaskan properties.

July 2, 2020

Lease Sales

EnergyNet Contracted to Host State Lease Auctions for South Dakota

EnergyNet recently entered an agreement with the South Dakota School and Public Lands (SD SPL) to host its mineral and surface lease sales online.

July 1, 2020

Acquisitions & Divestitures

Energy A&D Transactions from the Week of July 1, 2020

Here’s a snapshot of recent energy deals including a $5 billion divestiture by BP as the London-based major shifts its focus to low-carbon energy.

July 1, 2020

Lease Sales

On the Market Oil and Gas Quicklist (Week of July 1, 2020)

Here’s a quicklist of oil and gas assets on the market including an operated working interest package that includes producing Barnett Shale wells.

July 1, 2020

Lease Sales

Marketed: Operated Working Interest Package across Multiple Texas Counties

IPR Energy Partners LLC retained Oil & Gas Asset Clearinghouse LLC for the sale of an operated working interest package across multiple Texas counties that includes production from the Barnett Shale.

July 1, 2020

Business

A&D Trends: Supermajors Unlikely Acquirers of Distressed E&Ps

Years of M&A since the last downturn have produced suboptimal returns, which may lead oil and gas majors to focus on asset-level deals.

July 1, 2020