Darren
Barbee
Oil and Gas Investor
Tokyo Gas Takes First Majority Stake in US Shale Producer
Tokyo Gas will pay about $620 million as it increases its ownership in Castleton Resources, a U.S. shale gas operator focused on being a consolidator of E&P assets in the Ark-La-Tex region.
A New Approach to Minerals Valuations
Today’s minerals valuations require greater sophistication, with particular consideration being given to risk as the sector evolves.
CNX Resources to Buy Out Midstream Affiliate in $357 Million Deal
Following the completion of the transaction, CNX expects to become the lowest-cost producer in the Appalachian Basin, CFO Don W. Rush says.
ConocoPhillips Extends Montney Shale Position with $375 Million Acquisition
ConocoPhillips agreed to pay Kelt Exploration roughly $375 million in cash for 140,000 net acres directly adjacent to the company’s existing position in Canada’s Montney Shale.
The Latest
Public Capital
Range Resources Agrees to North Louisiana Asset Sale For $245 Million
Range Resources acquired its North Louisiana position in 2016 through an all-stock merger with Memorial Resource Development valued at about $4.4 billion, including debt.
August 3, 2020
Lease Sales
Marketed: Tamarack Petroleum Permian, Illinois Basin Assets
Tamarack Petroleum Co. Inc. retained RedOaks Energy Advisors as its exclusive adviser in connection with the sale of operated positions in the Permian and Illinois basins.
August 3, 2020
Public Capital
Shell to Acquire Environmental Services Firm Select Carbon
Shell did not disclose a value for the deal, but said it will help in contributing towards the company’s ambition of being a “net-zero emissions energy business by 2050 or sooner.”
August 3, 2020
Public Capital
Northern Acquires Core Williston Assets Operated by ConocoPhillips, Continental, WPX
Northern Oil and Gas agreed on July 31 to acquire nonoperated interests in producing properties, wells in process and acreage located in the core of the Williston Basin from multiple counterparties.
August 3, 2020
Private Equity
Solaris Water Midstream Boosts Permian Footprint with Concho Resources Deal
In conjunction with the deal, Solaris Water Midstream’s sponsors and management also increased their capital commitments to support the continued expansion of the company’s infrastructure systems in the Permian Basin.
July 30, 2020
Business
Tokyo Gas Takes First Majority Stake in US Shale Producer
Tokyo Gas will pay about $620 million as it increases its ownership in Castleton Resources, a U.S. shale gas operator focused on being a consolidator of E&P assets in the Ark-La-Tex region.
July 30, 2020
Lease Sales
Marketed: Chevron Carter Knox Field Package in Oklahoma
Affiliates of Chevron Corp. retained EnergyNet Indigo for the sale of its assets in the Carter Knox Field in Oklahoma's Grady and Stephens counties.
July 30, 2020
Business
PATH FORWARD: Grant Thornton’s Bryan Benoit Talks Oil Industry Recovery
After a rough second quarter that included a historic collapse in oil prices, Bryan Benoit, a principal at Grant Thornton Financial Advisors who also leads the firm’s energy advisory practice, says he’s starting to see green shoots ahead for the industry.
July 30, 2020
Public Capital
Occidental Petroleum Reportedly Nearing $4.5 Billion Asset Sale
Pertamina is negotiating the acquisition of Occidental's oil and gas stakes in countries including Ghana and the United Arab Emirates, a report said, citing people with knowledge of the matter.
July 30, 2020
Sponsored Content
IndustryVoice: Notice Of Public Foreclosure Sale LLC Interests In Sand Revolution II, LLC And Fevid Transport, LLC
The public foreclosure sale will be held on Aug. 13 in Houston.
July 29, 2020