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.

May 10, 2021

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.

May 9, 2021

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.

May 6, 2021

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.

May 5, 2021

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.

May 5, 2021

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.

May 5, 2021

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.

May 4, 2021

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.

May 3, 2021

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.

May 3, 2021

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.

April 30, 2021