Contango Oil & Gas agreed to pay $58 million in cash for the acquisition of PDP heavy reserves located in in the Big Horn, Permian and Powder River basins made via a bank-owned liquidation of assets.
Capital raised for Bellatorum Resources’ latest fund will be used to purchase oil and gas royalties in Texas, including in the Permian Basin, Eagle Ford Shale, Haynesville Shale, and Barnett Shale plays.
Here’s a snapshot of recent energy deals including the closing of Southwestern Energy’s acquisition of Montage Resources plus the $44 billion all-stock merger of S&P Global and IHS Markit.
In conjunction with the all-equity merger of the two companies majority controlled by EIG Global Energy Partners, FourPoint Energy became a subsidiary of Maverick Natural Resources and was renamed Unbridled Resources.
George Solich and management team retain FourPoint Energy name, plan for next venture.
BMO will wind down its investment and corporate energy banking units outside Canada to focus on the oil and gas business at home, where it sees better opportunities, a spokesman said in a statement.
Brazil’s Petrobras on Nov. 30 projected a surge in oil exports and divestments over the next five years as it steps up plans to target overseas demand and cut debt.
Today’s featured Forty Under 40 honoree is Dane Karras, senior vice president of operations and corporate development at Noble Royalties where he focuses on deploying the remaining capital for the company joint venture with Apollo.