SLB and Torxen Energy had purchased the Palliser crude oil and natural gas assets from Cenovus Energy Inc. for about $1.04 billion cash.
Chesapeake Energy Corp. has closed on its $7.4 billion takeover of Southwestern Energy Co. to create Expand Energy.
Amber Energy, led by industry veterans Gregory Goff and Jeff Stevens, was selected by a court-appointed special master to buy Citgo Petroleum, which is held by a Venezuelan company, for $7.286 billion.
EnSight said it had sold more than 7,000 net acres in Caddo, De Soto, Bossier and Red River parishes, Louisiana, to Quantent Energy Partners LLC for an undisclosed sum.
Despite a smaller IPO market and a fiscal discipline mandate, many small players continue to find and make deals in the U.S. oil patch, panelists said during Hart Energy’s A&D Conference in Dallas, Texas.
MidOcean Energy now holds a 35% stake in Peru LNG. Hunt Oil will remain the operator of the South American export facility.
A shrinking pool of opportunities is leading to scarcity and driving the rising valuations for crude E&Ps in the current A&D market, said TD Cowen analyst David Deckelbaum at Hart Energy’s A&D Strategies and Opportunities Conference.
Adding new-well inventory going forward will require “exploration or other creative measures,” said Nick O’Grady, whose Northern Oil and Gas holds interests in 10,000 Lower 48 wells.
Northern Oil and Gas CEO Nick O’Grady said the Uinta Basin has stayed off the radar but a time may come when Utah’s best kept secret starts to heat up in the M&A market.
Shell already had a market agreement with RISEC Holdings for all of the electricity the 609-MW Rhode Island plant produced.
U.S. energy pipeline operator Enterprise Products is not considering adding a new crude oil line in the Permian Basin after consolidation has concentrated output into the hands of E&Ps promising fiscal discipline.
KKR will buy nearly a quarter of Eni’s Enilive, which values the biofuels unit at about $12.7 billion.
Crescent Energy CEO David Rockecharlie said that after closing the SilverBow acquisition, the company is continuing to hunt for new assets, although few make it past the company’s screening process.
The close marked the completion of Dominion’s business review targeting $21 billion of debt reduction initiatives.