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Percussion Petroleum II will pursue the same acquisition and development strategy as its predecessor, which sold its position in the Permian Basin’s Northwest Shelf to Spur Energy Partners in mid-2019.
Editor’s note: there were no updates from the previous week’s A&D transactions chart that ran March 18.
Most of EOG Resources's activity this year will be in the Eagle Ford Shale and the Permian's Delaware Basin, a company executive said, adding it could reduce some plans if necessary.
The acquisition of Anadarko Petroleum continues to burden Occidental’s balance sheet, “significantly compromising its financial flexibility,” Moody’s Andrew Brooks says.
Here’s a snapshot of energy deals from the past week including the $94 million acquisition of NexTier’s well services business by Basic Energy.
EnCap Investments pulled off a rarity in the U.S. shale business earlier this month with the sale of Felix Energy to rival WPX. However, EnCap's big payday proved short-lived.
TechnipFMC had been planning to separate its engineering and construction activities from its upstream oil services business in the first half of this year.