Acquisitions & Divestitures

Shale Plays , Acquisitions & Divestitures

Evolution Petroleum Enters Williston Basin with Nonop Deal

Evolution Petroleum closed the acquisition of 50% of certain interests held by privately-owned Foundation Energy Management within the Williston Basin for $25.9 million.

January 21, 2022

Public Capital , Acquisitions & Divestitures

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

Shale Plays , Acquisitions & Divestitures , Mergers

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 , Acquisitions & Divestitures

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 , Acquisitions & Divestitures

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 , Trends , Mergers

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

Shale Plays , Acquisitions & Divestitures

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 , Shale Plays , Acquisitions & Divestitures , Midstream

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

Shale Plays , Acquisitions & Divestitures

German Firm Sells Half of Vaca Muerta Shale Holdings for $140 Million

Vista CEO Miguel Galuccio said the acquisition of the areas called ‘Aguada Federal’ and ‘Bandurria Norte’ would allow the company to expand its leadership in Vaca Muerta.

January 18, 2022

Public Capital , Shale Plays , Acquisitions & Divestitures

Exxon Mobil to Market up to $1 Billion in Canadian Shale Assets

Exxon Mobil and affiliate Imperial Oil each own 50% of XTO Energy Canada, operator of their Canadian shale business.

January 14, 2022