Emily
Patsy
HartEnergy.com
Energy A&D Transactions From The Week Of Feb.19, 2020
Here’s a snapshot of energy deals from the past week including a $22.5 million bolt-on acquisition by Laredo Petroleum to its Midland Basin position.
Recap: NAPE Crowds ‘Resilient’ Through Tough A&D Times
This year’s NAPE Summit buzzed with a “resilient spirit” despite the fog of tough A&D times for upstream oil and gas dealmakers.
A&D Trends: ‘Times Have Changed’
Centennial Resource Development Inc.’s CEO Mark Papa says he expects shale production to grow by just 400,000 barrels per day in 2020.
Enverus Agrees To Acquire Rival Energy Tech Firm RS Energy Group
A report in early January citing unnamed sources gave the acquisition of RS Energy Group by Enverus, formerly Drillinginfo, a roughly $1 billion valuation.
The Latest
Acquisitions & Divestitures
Phillips 66 Partners Acquires Interest In $1.6 Billion Liberty Pipeline
Phillips 66 Partners agreed to acquire a 50% stake in the Liberty Pipeline, a $1.6 billion project to transport Rockies and Bakken crude oil production to Oklahoma’s Cushing hub.
February 21, 2020
Subsea
Hunting Acquires Enpro Subsea In All-cash Deal
Hunting Plc, the international energy services group, has completed the acquisition of Enpro Subsea Ltd. on Feb. 21 for a total consideration of $33 million payable on completion, plus a potential maximum earn out of $3 million based on EBITDA performance in 2020.
February 21, 2020
Lease Sales
Marketed: QEP Energy Kentucky, Michigan Asset Packages
QEP Energy Co., subsidiary of QEP Resources, retained EnergyNet for the sale of Kentucky and Michigan asset packages in auction closing March 5.
February 21, 2020
Lease Sales
Marketed: Producing Bone Spring ORRI, Lea County, New Mexico
Merrion Oil & Gas retained EnergyNet for the sale of overriding royalty interest package in the Permian Basin through a sealed-bid offering closing March 10.
February 20, 2020
Lease Sales
Marketed: Sierra Resources, Eagle Ford Gas Opportunity
Sierra EF LP retained Detring Energy Advisors to market for sale its oil and gas producing properties, leasehold, and related assets located in the Eagle Ford Shale.
February 19, 2020
Trends
Energy A&D Transactions From The Week Of Feb.19, 2020
Here’s a snapshot of energy deals from the past week including a $22.5 million bolt-on acquisition by Laredo Petroleum to its Midland Basin position.
February 19, 2020
Lease Sales
On The Market Oil And Gas Quicklist (Week Of Feb. 19, 2020)
Here’s a quicklist of oil and gas assets on the market including a Powder River Basin package from SilverBow Resources and Overland Energy Partners’ Williston Basin minerals.
February 19, 2020
Lease Sales
Marketed: Eagle Ford Shale Package, Gonzales County, Texas
Churchill Oil & Gas (SEA) LLC and ARB Energy LLC retained EnergyNet for the sale of a package in the Eagle Ford Shale through a sealed-bid offering closing Feb. 26.
February 19, 2020
Digital Oilfield
Quorum’s Latest Acquisition To Set ‘Gold Standard Record’ For E&Ps
Quorum CEO Gene Austin said he expects the company’s latest acquisition of Denver-based EnergyIQ will help E&Ps fully capitalize on data to operate leaner and with greater confidence.
February 18, 2020
Lease Sales
Marketed: South Texas Horizontal Development Project
Energy Advisors Group has been retained by Prime Systems to market its development program in Starr County, Texas.
February 18, 2020