Darren
Barbee
Oil and Gas Investor
A&D Trends: Climate for Oil Deals at Historic Low
Negative oil futures aren’t the only drag on deals. History, replete with examples of how to deal with bad times, is being made right now.
Will Debt-Laden MLPs be the Next Oil, Gas Takeover Targets?
Private equity firms are on the prowl for valuable assets at a discount, investment executive says.
Centennial Terminates $225 Million Water Infrastructure Transaction
Houston-based WaterBridge Resources agreed in late February to acquire Centennial Resource Development’s Permian water assets in a $225 million transaction that was expected to close at the end of the first quarter.
Diversified Gas & Oil Discloses Second Bolt-on Deal with EQT
Diversified Gas & Oil’s EQT bolt-on, and an earlier deal with Carbon Energy, add upstream and midstream Appalachia assets primarily in West Virginia and Pennsylvania.
The Latest
Public Capital
Occidental Petroleum Sued by Investors over Anadarko Merger
Occidental Petroleum has been sued by investors who claim they suffered billions of dollars of losses because the heavily indebted company concealed its inability to weather plunging oil prices.
May 27, 2020
Acquisitions & Divestitures
Energy A&D Transactions from the Week of May 27, 2020
Here’s a snapshot of recent energy deals including the closing of EQT’s $125 million asset sale in Appalachia to Diversified Gas & Oil.
May 27, 2020
Lease Sales
Marketed: Permian Basin Royalties Operated by Diamondback Energy Affiliate
US Mineral Exchange has been retained for the sale of Permian Basin royalties in Reeves County, Texas, operated by an affiliate of Diamondback Energy Inc.
May 27, 2020
Lease Sales
On the Market Oil and Gas Quicklist (Week of May 27, 2020)
Here’s a quicklist of oil and gas assets on the market including a Permian Basin package of Wolfcamp Shale assets located in Reeves County, Texas, being sold by Victerra Energy.
May 27, 2020
Public Capital
EQT Closes $125 Million Asset Sale to Diversified Gas & Oil
Additionally, EQT decided to temporarily curtail approximately 1.4 Bcfe/d of gross production, equivalent to roughly 1 Bcfe/d of net production.
May 26, 2020
Acquisitions & Divestitures
A&D Trends: Climate for Oil Deals at Historic Low
Negative oil futures aren’t the only drag on deals. History, replete with examples of how to deal with bad times, is being made right now.
May 26, 2020
Exploration & Production
Trump Policy Favoring Drilling over Sage Grouse Protection Thrown Out
The order was the latest legal blow to U.S. President Donald Trump's effort to increase oil and gas production on federal lands by rolling back environmental regulation.
May 26, 2020
Lease Sales
Marketed: Permian Basin/Wolfcamp Shale Package, Reeves County
Victerra Energy retained EnergyNet for the sale of a Permian Basin/Wolfcamp Shale package located in Reeves County, Texas, through an auction closing June 10.
May 26, 2020
Exploration & Production
US Drilling Industry Says Offshore Ban Would Crush Jobs, Government Revenues
Biden has said that moving away from fossil fuels would pave the way for big job gains in renewable energy.
May 26, 2020
Business
PATH FORWARD: Opportune’s David Baggett on Survival Tactics for Oil Downturn
David Baggett, founder and managing partner of Opportune, says oil and gas companies are focused on short-term survival and lowering costs, which can already be seen by massive capex cuts among producers and the historic plunge in rig counts.
May 26, 2020