Emily
Patsy
HartEnergy.com
Occidental Sells Permian Acreage to Colgate for $508 Million
The purchase of Permian Basin acreage from Occidental Petroleum is Colgate Energy’s second acquisition in the region this month so far putting the company in a truly differentiated position, Co-CEO James Walter says.
Op-ed: Upstream Consolidations Gaining Steam?
Has the long-expected wave of upstream consolidations finally arrived? The recent series of merger transactions announced by Bonanza Creek Energy in the D-J Basin may reveal the answer.
Contango Oil & Gas to Combine with KKR-backed Firm in All-stock Merger
The combined company, which will be headquartered in Houston, will become KKR’s primary platform for pursuing upstream oil and natural gas opportunities.
Bonanza Creek Continues D-J Basin Consolidation with Crestone Peak Deal
The acquisition of Crestone Peak—Bonanza Creek Energy’s third so far this year—represents the company’s strategy to position itself as the modern-day E&P business model, says CEO Eric Greager.
The Latest
Public Capital
Canadian E&P Consolidation Continues with Billion-dollar Montney Merger
Tourmaline Oil’s agreement on June 11 to acquire Montney operator Black Swan Energy continues a trend in the Canadian energy sector, which has seen a flurry of mergers between oil and gas producers within the past year.
June 11, 2021
Public Capital
BP Plans to Spin Off Iraq Operations into Standalone E&P Company: Report
Spinning off oil and gas assets is seen as a way for BP to shift towards renewable energy.
June 11, 2021
Lease Sales
Marketed: Throne Petroleum Operated Midland Basin Sale
Throne Petroleum retained TenOaks Energy Advisors for the sale of an operated Midland Basin position in eastern Andrews County, Texas, within the Permian.
June 11, 2021
Lease Sales
Marketed: Grenadier Energy Wolfcamp Shale Permian Basin Package
Grenadier Energy Partners II LLC retained EnergyNet for the sale of a Wolfcamp Shale opportunity in the Permian Basin in Borden and Howard counties, Texas.
June 10, 2021
Business
Occidental Sells Permian Acreage to Colgate for $508 Million
The purchase of Permian Basin acreage from Occidental Petroleum is Colgate Energy’s second acquisition in the region this month so far putting the company in a truly differentiated position, Co-CEO James Walter says.
June 10, 2021
Acquisitions & Divestitures
Magellan Midstream Sells Terminals to Buckeye Partners
Independent refined products terminals included about 6 million barrels of storage.
June 10, 2021
Acquisitions & Divestitures
Energy A&D Transactions from the Week of June 9, 2021
Here’s a snapshot of recent energy deals including Southwestern Energy’s acquisition of Indigo Natural Resources and the sale of Crestone Peak Energy in an all-stock transaction.
June 9, 2021
Lease Sales
On the Market Oil and Gas Quicklist (Week of June 9, 2021)
Here’s a quicklist of oil and gas assets on the market including Peregrine Petroleum properties in the Williston Basin plus diversified mineral and royalty portfolio across several basins including the Permian Basin.
June 9, 2021
Lease Sales
Marketed: Eagle Ford Gas Gathering and Processing Plant
Eagle Ford Water and Disposal LLC retained EnergyNet for the sale of an Eagle Ford gas gathering and processing plant located in DeWitt County, Texas, through a sealed-bid offering.
June 9, 2021
Artificial Lift
Stena Drilling Acquires Stake in Digital Offshore Lifting Tech Firm Intebloc
Stena Drilling, an independent drilling contractor, has acquired a 30% stake in digital lifting technology solutions provider Intebloc, which improves the safety and productivity of offshore lifting operations, the company said on June 8.
June 9, 2021