Acquisitions & Divestitures
Public Capital , Shale Plays , Acquisitions & Divestitures , Mergers
Bonanza Creek, Extraction Merger to Create Largest Pure-play D-J Basin Producer
The combined company, to be named Civitas Resources, will be the largest pure-play energy producer in Colorado’s Denver-Julesburg Basin, with an aggregate enterprise value of approximately $2.6 billion.
Public Capital , Shale Plays , Acquisitions & Divestitures
Permian Producer Laredo Petroleum Strikes $715 Million Deal for Sabalo, Partner
In addition to the Sabalo deal, Laredo Petroleum also agreed to a partial sale of operated PDP reserves in gas-weighted legacy assets in Reagan and Glasscock counties, Texas, for $405 million.
Public Capital , Shale Plays , Acquisitions & Divestitures
EQT Expands Marcellus Position in Nearly $3 Billion Acquisition
EQT projects the acquisition, which adds a new operating position in the northeast Marcellus Shale play in Pennsylvania, will increase its free cash flow by 55%, or $2 billion, through 2026.
Acquisitions & Divestitures , Trends , Mergers
Energy A&D Transactions from the Week of May 5, 2021
Here’s a snapshot of recent energy deals including a Bakken deal between Oasis Petroleum and Diamondback Energy plus the sale of Hunt Oil’s Permian Basin asset in a transaction believed to be worth over $1 billion.
Influential Women , Acquisitions & Divestitures
Women in Energy: Melinda Faust, Detring Energy Advisors
Today’s featured 25 Influential Women in Energy honoree is Melinda Faust, managing director at Detring Energy Advisors based in Houston.
Digital Oilfield , Logistics , Acquisitions & Divestitures
W Energy Software Acquires Chorus Logistics, Adding Transportation Management System
The acquisition of Chorus Logistics enables W Energy Software customers to manage their transportation needs across any mode—pipeline, truck, rail, vessel or barge—through a best-in-class transportation management system.
Shale Plays , Acquisitions & Divestitures , Lease Sales
Chevron Offers $100 Million in Permian Basin Acreage as M&A Heats Up
Chevron set a May 20 deadline for bids on Permian Basin acreage holding more than 1,000 producing wells with $1.1 million in combined monthly revenue, according to a sales document.
Public Capital , Shale Plays , Acquisitions & Divestitures
Diamondback Energy Sells Bakken Asset to Oasis in $745 Million Cash Deal
In addition to the sale of the Bakken assets it acquired in its merger with QEP, Diamondback also announced the $84 million sale of “noncore” Permian Basin assets.
Business , Shale Plays , Acquisitions & Divestitures
Diversified Gas & Oil Enters New Region in $135 Million Deal with Indigo Minerals
Diversified Gas & Oil has actively been evaluating a variety of regions to identify the optimal area to replicate its success in Appalachia Basin, which the company’s CEO says it has now found in its latest deal with Indigo Minerals.
Public Capital , Shale Plays , Acquisitions & Divestitures
Hess Closes Bakken Asset Sale in $312 Million Cash Deal
Despite the divestiture to Enerplus, Hess CEO John Hess reaffirmed the importance of the Bakken in the independent E&P company’s portfolio, which includes assets offshore Guyana.