Emily
Patsy
Hart Energy
Insight: ConocoPhillips Made Shell Permian Deal with Cash, ‘Patience’
After patiently waiting through the shale land rush, Enverus’ Andrew Dittmar says ConocoPhillips is picking up prime real estate in the Permian Basin with its blockbuster purchase from Shell.
Shell to Exit Permian Basin in $9.5 Billion Sale to ConocoPhillips
Shell reached an agreement for the sale of its Permian Basin business to ConocoPhillips for $9.5 billion in cash, confirming rumors the supermajor was considering exiting the key shale asset.
Laredo Petroleum Acquires Pioneer Midland Basin Acreage for $230 Million
The Pioneer acquisition adds 135 gross operated locations in Glasscock County, Texas, doubling Laredo Petroleum’s high-margin, oil-weighted inventory in the Midland Basin, according to the company release.
Global Investment Firm Buys Rosewood Eagle Ford Asset in $450 Million Deal
Warwick Investment Group closed an agreement with Rosewood Resources to acquire its operated oil and gas assets in Texas’ Eagle Ford Shale that immediately offsets Warwick Athena, a company the firm manages.
The Latest
Lease Sales
Marketed: Rock Creek Resources Conventional Wyoming Opportunity
Rock Creek Resources LLC retained BOK Financial Securities for the sale of certain Wyoming properties covering nearly 14,000 net acres (100% HBP).
September 24, 2021
Lease Sales
Marketed: Bayou Oak Nonop Haynesville Position
Bayou Oak Production LLC retained TenOaks Energy Advisors for the sale of a nonoperated position spanning the core of the Haynesville in Louisiana’s De Soto, Caddo, Red River and Bossier parishes.
September 24, 2021
Lease Sales
Marketed: RDV Resources Oklahoma, Texas, Wyoming, Operated Asset
RDV Resources Inc. retained Meagher Energy Advisors for the sale of a multibasin operated asset divestiture located in Oklahoma, Texas and Wyoming that includes positions in SCOOP, Austin Chalk and Powder River Basin.
September 24, 2021
Lease Sales
Marketed: Operated Permian Basin, Eagle Ford Opportunity
Strand Energy LC retained EnergyNet Indigo for the sale of certain oil and gas properties and related assets located in the Permian Basin and Eagle Ford / Austin Chalk trend through a sealed-bid offering.
September 23, 2021
Lease Sales
Marketed: Centennial Resource Development Operated Delaware Basin Asset
Centennial Resource Development retained TenOaks Energy Advisors as its exclusive adviser in the sale of its Big Chief asset located in the southern Delaware Basin in Reeves County, Texas.
September 23, 2021
Private Equity
Sabalo Energy Re-ups with EnCap Following $715 Million Sale to Laredo
In its most recent partnership with EnCap, the Sabalo management team built a position in the Midland Basin of over 21,000 net acres, which it sold to Laredo Petroleum for $715 million in July.
September 23, 2021
Business
Oil Surge Gives PE Opportunity to Exit Stranded Canadian Energy Firms
Buyout firms have sold around $2.6 billion worth of Canadian oil and gas producers so far this year, the highest level since at least 2010, according to IHS Markit.
September 23, 2021
Acquisitions & Divestitures
Energy A&D Transactions from the Week of Sept. 22, 2021
Here’s a snapshot of recent energy deals including Shell’s U.S. shale exit through the $9.5 billion cash sale of its Permian Basin position to ConocoPhillips.
September 22, 2021
Lease Sales
On the Market Oil and Gas Quicklist (Week of Sept. 22, 2021)
Here’s a quicklist of oil and gas assets on the market including a legacy mineral position in the Permian Basin plus a Rock Oil nonop and minerals opportunity in the SCOOP and STACK plays of Oklahoma.
September 22, 2021
Public Capital
Insight: ConocoPhillips Made Shell Permian Deal with Cash, ‘Patience’
After patiently waiting through the shale land rush, Enverus’ Andrew Dittmar says ConocoPhillips is picking up prime real estate in the Permian Basin with its blockbuster purchase from Shell.
September 22, 2021