The Latest

Crew Energy Divests Noncore Montney Assets for CA$130 Million

The divestiture includes approximately 47,025 net acres of Montney rights on land north of the Peace River with no associated production or facilities, according to Crew Energy.

August 19, 2022

Tellurian Completes $125 Million Acquisition of Private Haynesville Producer

The cash consideration at closing for private Haynesville producer EnSight was $125.5 million, revised from the announced $125 million due to preliminary purchase price adjustments, a release from Tellurian on Aug. 18 said.

August 19, 2022

Marketed: Earthstone Energy Operated Eastern Midland Basin Opportunity

Earthstone Energy Inc. retained Detring Energy Advisors for the sale of a large, operated, contiguous and fully HBP Permian footprint concentrated in the eastern Midland Basin.

August 18, 2022

Denbury Reportedly Explores Options Including Possible Sale

Investors are not paying anywhere near the full value of Denbury’s carbon capture business, MKM Partners analyst Leo Mariani wrote in a note. He added that the company still has hidden value in its CO₂ pipelines.

August 18, 2022

Phillips 66 Offers to Buy DCP Midstream in $7.2 Billion Cash Deal

The transaction, which Enbridge called a “joint venture merger,” will result in a single JV holding both Enbridge’s and Phillips 66’s indirect ownership interests in the Gray Oak pipeline and DCP Midstream.

August 17, 2022

US Court Vacates Decision to Block Federal Oil, Gas Leasing Pause

The 5th U.S. Circuit Court of Appeals vacated the Louisiana district court decision to block the Interior Department’s leasing pause after Louisiana and a dozen states sued the administration established arguing that they would suffer injury from the policy.

August 17, 2022

Energy A&D Transactions from the Week of Aug. 17, 2022

Here’s a snapshot of recent energy deals including the sale of Laredo Petroleum’s Howard County properties in the Permian Basin to Northern Oil and Gas for $110 million.

August 17, 2022

On the Market Oil and Gas Quicklist (Week of Aug. 17, 2022)

Here’s a quicklist of oil and gas assets on the market including Chevron U.S.A. Eddy County, New Mexico, operations and HBP leasehold in the Permian Basin plus Crystal Energy nonoperated Williston Basin properties.

August 17, 2022

Marketed: Chevron U.S.A. Eddy County, New Mexico, Operations, HBP Leasehold

Chevron U.S.A. Inc. retained EnergyNet for the sale of Eddy County, New Mexico, operations and HBP leasehold located within the Permian Basin through a sealed-bid offering.

August 17, 2022

EOG, Comstock, Murphy Oil Disclose A&D Deals in Earnings Reports

U.S. independent oil and gas producers EOG, Comstock and Murphy Oil reported A&D in the Midcontinent, Rockies, Haynesville Shale and offshore amid a sporadic first half of dealmaking.

August 17, 2022