Acquisitions & Divestitures

Public Capital , Shale Plays , Acquisitions & Divestitures

Grey Rock Agrees to $1.3 Billion Business Combination with Paul Ryan-backed SPAC

Grey Rock will contribute oil and gas assets in the Permian Basin, Bakken, Eagle Ford Shale, D-J Basin and Haynesville Shale plays to form Granite Ridge Resources.

May 16, 2022

Energy Transition , Acquisitions & Divestitures

Japan’s JERA to Buy Two US Thermal Power Stations from Stonepeak

The plants are the Canal thermal power station in Massachusetts and the Bucksport thermal power station in Maine, JERA said.

May 13, 2022

Private Equity , Acquisitions & Divestitures , Storage

ArcLight Sells Houston-based Enstor Gas to JP Morgan’s IIF

Headquartered in Houston, Enstor Gas is the largest privately owned natural gas storage company in the U.S. including six active underground natural gas storage facilities with more than 110 Bcf in working gas capacity.

May 12, 2022

People , Exploration & Production , Acquisitions & Divestitures

W&T Offshore CTO Steve Schroeder Retires; Huan Gamblin Promoted

Stephen L. Schroeder, senior vice president and CTO of W&T Offshore, will retire, effective June 1. Huan Gamblin is being promoted and will assume the majority of Schroeder’s responsibilities.

May 12, 2022

Shale Plays , Acquisitions & Divestitures

SilverBow Closes Acquisition of Carnelian-backed Eagle Ford Operator SandPoint

SilverBow had announced in April it had entered separate agreements to acquire certain assets from SandPoint Operating and substantially all of the assets of Sundance Energy for a combined $440 million including continent payments.

May 12, 2022

Policy & Regulations , Acquisitions & Divestitures

Shell Sells Russian Retail Business to Lukoil

The deal includes 411 retail stations and a lubricants blending plant.

May 12, 2022

People , Acquisitions & Divestitures

Fort Worth-based Valor Promotes Adam Powell to Chief Accounting Officer

The creation of the new chief accounting officer role and Adam Powell’s promotion is directly related to Valor’s rapid growth over the past year, doubling in both size and revenue, the Fort Worth, Texas-based company said.

May 11, 2022

Technology , Acquisitions & Divestitures

Altira Sells Houston-based ThoughtTrace to Thomson Reuters

Originally released in 2017 to interpret complex oil and gas contracts, ThoughtTrace has evolved its proprietary software to serve multiple industries including financial services, technology, health care, energy and law.

May 10, 2022

Exploration & Production , Acquisitions & Divestitures

Equinor Sells Stakes in 2 Norway Fields for $1 Billion Cash

“The agreement includes a cash consideration of $1 billion and a contingent payment structure linked to realized oil and gas prices for both assets for 2022 and 2023,” Equinor said in a statement.

May 10, 2022

Business , Shale Plays , Acquisitions & Divestitures

Riverbend Energy Group Puts Shale Portfolios for Sale: Sources

Riverbend Energy Group has been working with an investment bank in recent weeks on an auction process for three portfolios of shale assets to seek in total around $2 billion, sources said.

May 9, 2022