In a basin full of bigs, the combination of Eclipse Resources and Blue Ridge Mountain Resources to form Montage Resources creates a compelling gas and liquids growth story despite commodity headwinds. The question: Will Wall Street notice?
The multibillion-dollar sale of BP’s Alaska business to Hilcorp illustrates the divergent strategies of the majors from private oil and gas players, analysts say.
The major is still open to asset transactions as it continues to optimize and grow production in the Permian Basin.
The all-equity deal follows an already blockbuster year for Viper Energy Partners including the $700 million dropdown acquisition the company announced in July.
Panhandle Oil and Gas retained Meagher Energy Advisors for the sale of leasing opportunities in the Scoop and Stack plays in Oklahoma.
Affiliates of REI Energy retained EnergyNet for the sale of a Bakken Shale well package located in Mountrail County, N.D., through an auction closing Sept. 25.
Pintail Oil and Gas retained TenOaks Energy Advisors for the sale of its producing properties in South Texas and Louisiana through an offering closing Oct. 18.
Ergon Exploration retained EnergyNet for the sale of non-producing Louisiana leasehold within the prolific Terryville Lower Cotton Valley Trend through a sealed-bid offering closing Sept. 19.
McCabe Energy retained Simplex Energy Solutions for the sale of operated production and conventional waterflood development in Schleicher County, Texas, through an offering closing Oct. 8.
The Trump administration on Sept. 12 took a major step toward opening Alaska's Arctic National Wildlife Refuge (ANWR) to oil drilling, drawing criticism from environmentalists and an effort by Democratic lawmakers to put the pristine wilderness area off limits to development.
Springbok Energy Partners retained TenOaks Energy Advisors for the sale of its mineral portfolio located in the most active and economic unconventional plays in the Lower 48.
Alta Mesa Resources, a Houston-based independent which bet big on Oklahoma’s Stack, joins a growing number of U.S. shale producers that have filed for bankruptcy so far this year.
Vendera Resources retained EnergyNet for the sale of an Arkansas well package located in Cleburne, Conway, Van Buren and White counties through an auction closing Sept. 18.