The Latest

Lease Sales

Marketed: Riverdale Oil & Gas III Marcellus Shale Package

Riverdale Oil & Gas III LLC retained EnergyNet for the sale of a Marcellus Shale mineral and royalty package operated by Antero Resources in West Virginia’s Tyler County.

May 23, 2022

Liquefied Natural Gas (LNG)

Blackstone Unit Acquires 49% Stake in US LNG Facility from EIG

U.S. pipeline operator Kinder Morgan will continue holding the remaining 51% of Elba Liquefaction Co. following the sale of a 49% stake in the LNG facility in Georgia to Blackstone Inc.’s credit investment unit.

May 23, 2022

Lease Sales

Marketed: Hoya Energy East Texas Operated Dry Gas Assets

Hoya Energy retained PetroDivest Advisors for the sale of an East Texas operated dry gas opportunity located in Limestone County, Texas.

May 23, 2022

Energy Transition

Siemens Energy Launches $4.3 Billion Bid for Remaining Siemens Gamesa Stake

Siemens Energy has been faced with product delays and operational problems at Siemens Gamesa, which has issued three profit warnings in less than a year.

May 23, 2022

Private Equity

PE-backed Gas Producer Terra Energy Partners Explores $2.5 Billion Sale: Sources

Private equity firms Kayne Anderson Capital Advisors and Warburg Pincus launched an auction process to sell their majority stake in Houston-based Terra Energy Partners earlier this month, sources say.

May 23, 2022

Business

Centennial, Colgate Energy’s $4 Billion Betrothal a Suitable Match

Analysts consider the deal, which addresses Centennial’s inventory concerns while also sparing Colgate Energy from a potentially uphill IPO climb, as a sign of things to come in the Permian Basin.

May 23, 2022

Shale Plays

Exxon Mobil to Sell Barnett Shale Assets for $750 Million

The transaction supports the oil major's corporate strategy to prioritize investments on advantaged assets with lowest cost of supply.

May 19, 2022

Mergers

Woodside Shareholders Approve BHP Petroleum Merger

An overwhelming majority of Woodside Petroleum shareholders voted in favor of a merger with BHP Group's petroleum arm, which would create a top 1- global oil and gas producer, but were disappointed that the company's lack of goals for addressing Scope 3 emissions.

May 19, 2022

Business

Permian Operators Colgate, Centennial to Combine in $7 Billion Merger

The $7 billion “merger of equals transaction” of Centennial Resource Developement and Colgate Energy will create the largest pure-play E&P company in the Delaware Basin of the Permian.

May 19, 2022

Field Development

Ecopetrol, Occidental Petroleum to Jointly Develop Offshore Oil Blocks

Ecopetrol will take a 40% stake in the blocks while Occidental Petroleum subsidiary Anadarko Colombia Co. will have a 60% stake and will serve as the blocks’ operator, Ecopetrol said.

May 19, 2022