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Energy A&D Transactions from the Week of Sept. 28, 2022
Here’s a snapshot of recent energy deals including Talos Energy’s $1.1 billion acquisition of private Gulf of Mexico operator, EnVen Energy, plus the $565 million sale of half of Kinder Morgan’s stake in a Georgia LNG facility.
On the Market Oil and Gas Quicklist (Week of Sept. 28, 2022)
Here’s a quicklist of oil and gas assets on the market including a Continental Resources North STACK 200-well package in Oklahoma plus Texegy Royalty Austin Chalk minerals for lease in Louisiana.
Kinder Morgan Sells Stake in Georgia LNG Facility for $565 Million
Upon closing, Kinder Morgan and an undisclosed financial buyer will each hold a 25.5% interest in the Elba Island LNG facility in Chatham County, Georgia. Blackstone Credit will continue to hold a 49% interest.
Riverstone-backed Montney Shale Producer Plans US Listing in SPAC Deal
The transaction, which values Hammerhead Resources at CA$1.39 billion, is expected to form a publicly traded upstream oil and gas company with a path toward achieving net-zero emissions on a Scope 1 and Scope 2 basis by 2030.
The Latest
Devon Energy Completes Eagle Ford Bolt-on Acquisition
Devon Energy closed its previously announced acquisition of Validus Energy, increasing its production footprint in the Eagle Ford by 35,000 boe/d.
September 28, 2022
France's TotalEnergies Plans to Spin Off Canadian Oil Sands Assets
TotalEnergies' Canadian oil sands assets will generate $1.5 billion of cash flow in 2022, according to CEO Patrick Pouyanne.
September 28, 2022
A&D Minute (Sept. 28, 2022): Talos' 'Leadership Position' in the GoM [WATCH]
Also in this week's A&D Minute: Momentum Midstream establishes a leading position in the Haynesville through the acquisitions of Midcoast's East Texas business and Align Midstream.
September 28, 2022
Diversified Energy Completes Purchase of ConocoPhillips Midcon Assets
Transaction announced in July is valued at $240 million.
September 28, 2022
Energy A&D Transactions from the Week of Sept. 28, 2022
Here’s a snapshot of recent energy deals including Talos Energy’s $1.1 billion acquisition of private Gulf of Mexico operator, EnVen Energy, plus the $565 million sale of half of Kinder Morgan’s stake in a Georgia LNG facility.
September 28, 2022
On the Market Oil and Gas Quicklist (Week of Sept. 28, 2022)
Here’s a quicklist of oil and gas assets on the market including a Continental Resources North STACK 200-well package in Oklahoma plus Texegy Royalty Austin Chalk minerals for lease in Louisiana.
September 28, 2022
Shareholders of Poland’s PKN Orlen Approve Takeover of Gas Company PGNiG
Expected merger would create Polish national energy champion.
September 28, 2022
Oil Giant Shell Snaps Up African Solar Provider Daystar Power
Shell's purchase of Daystar Power represents the company's first power acquisition in Africa.
September 28, 2022
Shell, Exxon Mobil Launch sale of UK, Dutch North Sea Assets
Launched earlier this month, the sale comes after Shell and Exxon Mobil ran initial sales processes for their British and Dutch assets.
September 27, 2022
Kinder Morgan Sells Stake in Georgia LNG Facility for $565 Million
Upon closing, Kinder Morgan and an undisclosed financial buyer will each hold a 25.5% interest in the Elba Island LNG facility in Chatham County, Georgia. Blackstone Credit will continue to hold a 49% interest.
September 27, 2022