Acquisitions & Divestitures
Public Capital , Exploration & Production , Shale Plays , Acquisitions & Divestitures , Midstream
Riviera Resources Plans to Sell Remaining Upstream Assets
Riviera Resources engaged EnergyNet to market its remaining upstream assets, CEO David Rottino says, with plans for the transactions to close by fourth-quarter 2020.
Public Capital , Shale Plays , Acquisitions & Divestitures
Buffalo Bills Owners’ Blank-check Company Raises $300 Million
Terrence M. Pegula joins other NFL owners, most notably Dallas Cowboys owner Jerry Jones, in making large new investments during a stagnant time for the oil and gas industry.
Business , Exploration & Production , Seismic , Acquisitions & Divestitures
Seismic Firm TGS Makes Surprise $600 Million Offer for Part of PGS
If successful, the offer to buy PGS’s multiclient library would significantly broaden TGS’s worldwide geophysical data offering, TGS said.
Private Equity , Exploration & Production , Shale Plays , Acquisitions & Divestitures
Presidio Petroleum Acquires Anadarko Position from Bankrupt Templar Energy
The acquisition of Templar Energy’s assets through a bankruptcy auction represents an expansion from the western Anadarko Basin, where Presidio Petroleum already has an established position, into Oklahoma’s STACK play.
Acquisitions & Divestitures , Construction , Pipelines
Epic Y-Grade Completes First Greenfield Fractionator
Company also sells excess pipeline capacity to WhiteWater Midstream and MPLX.
Acquisitions & Divestitures , Trends
Energy A&D Transactions from the Week of Aug. 5, 2020
Here’s a snapshot of recent energy deals including the sale of Range Resources’ Northern Louisiana asset to Castleton Resources for up to $335 million.
Public Capital , Shale Plays , Acquisitions & Divestitures
Devon Energy Aims to Clinch Early Barnett Exit
Devon Energy’s Barnett Shale exit, a deal potentially worth up to $830 million, will now close at the beginning of October rather than the end of the year.
Exploration & Production , Acquisitions & Divestitures
Suriname’s Staatsolie Weighs Farm-in to Total, Apache Block after Discovery
Staatsolie has the right to a stake of up to 20% in the 1.4 million acre Block 58, where Apache and Total last week announced a major oil discovery.
Public Capital , Exploration & Production , Shale Plays , Acquisitions & Divestitures
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.
Public Capital , Emissions , Acquisitions & Divestitures
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.”