Acquisitions & Divestitures

International , Shale Plays , Acquisitions & Divestitures

China’s CNOOC Steps Up Western Retreat with Launch of US Shale Sale

CNOOC has hired JPMorgan to advise it on a potential exit from its interests in U.S. shale gas assets, which could raise around $2 billion, the sources familiar with the matter said.

November 23, 2022

Private Equity , Unconventional , Acquisitions & Divestitures

Seneca Resources Sells Appalachia Assets to IOG Resources

The deal includes Clearfield, Elk and McKean counties, Pennsylvania, assets with current net production averaging about 17 MMcf/d. 

November 22, 2022

Public Capital , Executive Oil Conference , Acquisitions & Divestitures

Permian Resources Could Entertain Value Propositions Next Year, Co-CEO Says

Recently formed Permian Resources isn’t averse to looking at value propositions but at the moment the company is focused on driving synergies and creating shareholder value, Co-CEO Will Hickey told attendees of Hart Energy’s Executive Oil Conference.

November 22, 2022

Public Capital , Shale Plays , Acquisitions & Divestitures

Texas Shale Producer Ranger Oil Explores Sale, Sources Say

Shares in Ranger Oil, which operates in the Eagle Ford Shale, jumped over 5% on Nov. 18 after Reuters reported the company’s sale efforts.

November 21, 2022

Public Capital , Unconventional , Acquisitions & Divestitures

Diamondback Flexes Equity Muscles in $3.3 Billion Lario, FireBird Deals

Diamondback, Marathon Oil and Devon have dominated second-half M&A thanks to higher EBITDA multiples and yields than smaller E&P competitors can offer.

November 18, 2022

Energy Transition , Acquisitions & Divestitures

Chevron to Acquire Full Ownership of Beyond6 CNG Fueling Network

Along with partnerships with Brightmark and California BioEnergy, Chevron's acquisition of Beyond6 will expand the company's low emissions project portfolio.

November 18, 2022

Private Equity , Executive Oil Conference , Acquisitions & Divestitures

Double Eagle Energy Unveils 25,000-Acre Permian Basin Footprint

Double Eagle has garnered almost $2 billion in equity commitments for its Double Eagle IV partnership which could bring upwards to 25,000 net acres under its ownership in the Permian Basin by year-end, CFO Joshua A. Gregg told attendees at Hart Energy’s annual Executive Oil Conference.

November 18, 2022

Executive Oil Conference , Exploration & Production , Acquisitions & Divestitures

Exclusive: What’s at the Top of Legendary Wildcatter Gene Shepherd’s List [WATCH]

Legendary Wildcatter Gene Shepherd, who now is on the hunt for $1 billion deals as CEO of VTX Energy Partners, spoke to Hart Energy about the exploration environment and why he’s now considering gas.

November 17, 2022

Private Equity , Executive Oil Conference , Acquisitions & Divestitures

Exclusive: What Dan Pickering is Looking for in the Permian Basin [WATCH]

Dan Pickering, founder and chief investment officer, spoke to Hart Energy about the $450 million worth of capital Pickering Energy Partners has to deploy in the opportunity-rich Permian Basin.

November 17, 2022

Unconventional , Shale Plays , Acquisitions & Divestitures

Diamondback Energy to Acquire Lario Permian for $1.55 Billion

The acquisition of Lario Permian follows Diamondback Energy’s agreement to acquire FireBird Energy in the Midland Basin last month.

November 16, 2022