Darren
Barbee
Oil and Gas Investor
Continental Resources Boosts Its Powder River Footprint
Continental Resources recently completed a “follow up” deal in the Powder River Basin, CEO Bill Berry said in an exclusive interview.
Upstream Deal Values Rise in 2021 Despite M&A’s Slow End
The Haynesville Shale and the Permian’s Delaware Basin were the two most active plays of 2021’s final quarter, combining for 80% of the quarter’s deal value, a new report by Enverus says.
Enterprise Surprises Market with $3.25 Billion Cash Acquisition of Navitas Midstream
Enterprise’s agreement to acquire Warburg-backed Navitas comes as a surprise, analysts say, given Enterprise’s recent capital discussions and messaged preference for downstream.
UpCurve II Completes Initial Acquisition in Delaware Basin
UpCurve Energy currently operates a leasehold position of 12,000 net acres in the core of the southern Delaware Basin, producing 12,000 boe/d.
The Latest
Public Capital
Unit Corp. Seeking $1 Billion Sale of Anadarko, Gulf Coast Gas Assets
Unit Corp., which filed for bankruptcy in May 2020 at the height of a slump in oil prices, has reached out to interested parties for a divestiture of its upstream subsidiary Unit Petroleum Co., sources say.
January 21, 2022
Lease Sales
Marketed: Samson Oil and Gas Williston Basin Acquisition Opportunity
Samson Oil and Gas USA Inc. retained BOK Financial Securities for the sale of producing properties in Montana and North Dakota in the Williston Basin.
January 20, 2022
Lease Sales
Marketed: Ichor Energy Operated Conventional Oil Assets
Ichor Energy LLC retained Stephens Inc. for the sale of its operated conventional oil assets primarily located near the Texas-Louisiana border in the Hackberry reservoirs.
January 20, 2022
Shale Plays
Chesapeake Reportedly Nears $2.4 Billion Deal to Buy Chief Oil & Gas
If completed, it would be the second acquisition that Chesapeake has made since February 2021, when it emerged from one of the largest oil and gas producer bankruptcies of recent years.
January 20, 2022
Shale Plays
Continental Resources Boosts Its Powder River Footprint
Continental Resources recently completed a “follow up” deal in the Powder River Basin, CEO Bill Berry said in an exclusive interview.
January 19, 2022
Digital Oilfield
Novi Labs Acquires Energy Data Analytics Provider ShaleProfile
The deal will see Novi Labs fully integrate ShaleProfile’s data aggregation pipeline with its AI-driven modeling and forecasting software.
January 19, 2022
Acquisitions & Divestitures
Energy A&D Transactions from the Week of Jan. 19, 2022
Here’s a snapshot of recent energy deals including the $1.9 billion merger of Falcon Minerals with privately held Desert Peak plus Clearfork bags its first deal after a $400 million equity commitment.
January 19, 2022
Lease Sales
On the Market Oil and Gas Quicklist (Week of Jan. 19, 2022)
Here’s a quicklist of oil and gas assets on the market including TRP Energy SCOOP/MERGE working interest plus a Powder River Basin regional exit by Team Operating.
January 19, 2022
Shale Plays
Legacy Reserves Markets Permian Basin, Haynesville Shale Assets, Sources Say
Legacy Resources has hired an investment bank to run the sale process for the assets in the Permian Basin and Haynesville Shale and is valuing them at around $800 million, sources say.
January 19, 2022
Private Equity
Clearfork Midstream Bags First Deal after $400 Million Equity Commitment
Clearfork Midstream agreed to acquire Azure Midstream Energy, which has a natural gas gathering and treating platform spanning the core areas of the Haynesville Shale formation.
January 18, 2022