Acquisitions & Divestitures

Business , Shale Plays , Acquisitions & Divestitures

Ring Energy to Acquire Stronghold for up to $465 Million

Following the closing of the transaction, the owners of Stronghold II Operating, founded in 2017 by father and son duo Steve and Caleb Weatherl, will become Ring Energy’s largest stockholder.

July 5, 2022

Business , Shale Plays , Acquisitions & Divestitures

Citizen Energy Sees ‘Dominant Footprint’ Following Latest Midcontinent Acquisition

Following the acquisition of Red Bluff Resources and Bricktown Energy, Citizen Energy’s Midcontinent position now encompasses 326,000 net acres, 98% HBP.

July 1, 2022

Unconventional , Shale Plays , Acquisitions & Divestitures

Ranger Oil Racks Up Six ‘Bolt-on’ Acquisitions Worth $110 Million

Ranger Oil added three “bolt-on” acquisitions in the Eagle Ford Shale, bringing the total of all-cash transactions signed in the second quarter to six worth a combined $110 million.

June 30, 2022

Deepwater , Acquisitions & Divestitures

Shell Buys Operating Stake in Equinor’s North Platte in US Gulf of Mexico

To reflect the change, Equinor and Shell have agreed to rename the North Platte development, located in the Garden Banks area of the U.S. Gulf of Mexico, to Sparta.

June 29, 2022

Acquisitions & Divestitures , Trends , Mergers

Energy A&D Transactions from the Week of June 29, 2022

Here’s a snapshot of recent energy deals including another acquisition by Earthstone Energy for the Permian Basin New Mexico assets of Titus Oil & Gas for $627 million.

June 29, 2022

Company Profiles , Shale Plays , Acquisitions & Divestitures

Petro-Hunt: The Searchers

Despite the Hunt family’s famous patriarch—legendary oil tycoon H.L. Hunt—Petro-Hunt LLC’s dealings, including a recent Permian Basin acquisition, remain a family affair.

June 29, 2022

People , Acquisitions & Divestitures

Who’s Who in E&P A&D: SJ Resource Partners’ Sasha Gumprecht

SJ Resource Partners vice president of business development Sasha Gumprecht’s strategy for dealmaking is simple: build relationships.

June 29, 2022

Exploration & Production , Shale Plays , Acquisitions & Divestitures

Exxon Mobil, Imperial Sell Canada Shale Assets for $1.5 Billion Cash

Imperial and Exxon Mobil agreed to sell XTO Energy Canada, a jointly owned shale producer in Western Canada, in an all-cash transaction to Whitecap Resources.

June 28, 2022

Exploration & Production , Shale Plays , Acquisitions & Divestitures

Earthstone Launches Another Deal to Add Titus’ Delaware into the Fold

The $627 million deal adds 86 net locations in the Permian Basin and boosts Earthstone Energy’s production by an estimated 26%.

June 28, 2022

Exploration & Production , Acquisitions & Divestitures

BW Energy Inks Deals in Brazil’s Espírito Santo Basin for $148 Million

BW Energy will acquire a 100% working interest in Petrobras' Golfinho and Camarupium clusters interests, as well as Saipem's FPSO Cidade de Vitoria in the Golfinho field offshore Brazil.

June 27, 2022