Acquisitions & Divestitures
Private Equity , Shale Plays , Acquisitions & Divestitures
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.
Business , Acquisitions & Divestitures , Trends
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.
Acquisitions & Divestitures , Trends , Mergers
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.
Public Capital , Shale Plays , Acquisitions & Divestitures , Trends
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.
Shale Plays , Acquisitions & Divestitures
Northern Oil and Gas in Lead to Buy Comstock Bakken Assets
Northern Oil and Gas bid about $170 million for a nonoperated working interest in Comstock Resources’ Bakken assets, sources say.
Private Equity , Shale Plays , Water Management , Acquisitions & Divestitures , Midstream
Lagoon Water Midstream Enters Permian Basin through Double Drop Acquisition
The acquisition of Double Drop Resources significantly expands Lagoon Water Midstream’s operations and establishes it as a multibasin water management company.
Shale Plays , Water Management , Acquisitions & Divestitures
Key Energy Services Sells Texas, New Mexico Fluid Management Business
The sale of all its Texas and New Mexico fluid management and saltwater disposal well assets completes Key Energy Services’ exit from this line of business in these states.
People , Acquisitions & Divestitures
On the Move (Week of Sept. 20, 2021)
New hires, promotions and appointments continue to fuel the industry's workforce.
Public Capital , Shale Plays , Acquisitions & Divestitures
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.
Public Capital , Shale Plays , Acquisitions & Divestitures
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.