Darren
Barbee
Oil and Gas Investor
Bowman Consulting Acquires Texas Firm UP Engineering
The acquisition of UP Engineering strengthens Bowman Consulting Group’s position in the oil and gas market, Chairman and CEO Gary Bowman says.
Prairie Operating to Buy Bayswater D-J Basin Assets for $600MM
Prairie Operating Co. will purchase about 24,000 net acres from Bayswater Exploration & Production, which will still retain assets in Colorado and continue development of its northern Midland Basin assets.
On The Market This Week (Jan. 27, 2025)
Here's a roundup of marketed oil and gas leaseholds in Appalachian and the Central basins from select sellers.
Ovintiv Closes Montney Acquisition, Completing $4.3B in M&A
Ovintiv closed its $2.3 billion acquisition of Paramount Resource’s Montney Shale assets on Jan. 31 after divesting Unita Basin assets for $2 billion last week.
The Latest
Diversified Energy Closes $1.3B Maverick Acquisition, Enters Permian
Diversified Energy Co. Plc completed its $1.3 billion acquisition of EIG-backed Maverick Natural Resources.
Sources: Citadel Buys Haynesville E&P Paloma Natural Gas for $1.2B
Hedge fund giant Citadel’s acquisition includes approximately 60 undeveloped Haynesville locations, sources told Hart Energy.
Murphy Oil Buys BW's Pioneer FPSO for $125MM
Murphy Oil Corp. is buying an FPSO from BW Offshore for $125 million.
Enverus Acquires Pearl Street Technologies to Help Bolster Grid
The acquisition of the spinout from Carnegie Mellon University strengthens Enverus’ suite of offerings as it expands deeper into power and energy transition solutions, the company says.
Golden Gate Capital Completes Stonehill Environmental Sale
Private equity firm Golden Gate Capital has completed the sale of energy infrastructure company Stonehill Environmental Partners for an undisclosed amount.
Aethon: Haynesville E&Ps Hesitate to Drill Without Sustained $5 NatGas Prices
Operators are looking to the Haynesville to fill rising natural gas demand for U.S. LNG exports. Haynesville E&P Aethon Energy says producers need sustained higher prices to step up drilling.
Continental Resources Signs JV to Explore Shale Oil, Gas in Turkey
Early evaluations from the joint venture between Continental Resources, Türkiye Petroleum and TransAtlantic Petroleum suggest ultimate recoverable reserves could reach 6 Bbbl of oil and 32 Tcf to 65 Tcf of gas.
Nabors Closes $370MM Parker Wellbore Acquisition
The acquisition of Parker Wellbore adds a large-scale, high performance tubular rental and repairs services operation in the Lower 48 and offshore U.S. to the Nabors portfolio.
Westgate Energy Adds to Mannville Stack Assets in Canada
Westgate Energy Inc. is buying Mannville Stack-focused assets in Alberta for CA$7 million from an undisclosed private oil and gas company.
Smackover Lithium Derisks Direct Lithium Extraction Technology
With the completion of a final field test, the Smackover Lithium joint venture's direct lithium extraction technology moves toward commercialization, Standard Lithium says.