Acquisitions & Divestitures

Private Equity , Shale Plays , Acquisitions & Divestitures

Sabalo Energy Re-ups with EnCap Following $715 Million Sale to Laredo

In its most recent partnership with EnCap, the Sabalo management team built a position in the Midland Basin of over 21,000 net acres, which it sold to Laredo Petroleum for $715 million in July.

September 23, 2021

Business , Acquisitions & Divestitures , Trends

Oil Surge Gives PE Opportunity to Exit Stranded Canadian Energy Firms

Buyout firms have sold around $2.6 billion worth of Canadian oil and gas producers so far this year, the highest level since at least 2010, according to IHS Markit.

September 23, 2021

Acquisitions & Divestitures , Trends , Mergers

Energy A&D Transactions from the Week of Sept. 22, 2021

Here’s a snapshot of recent energy deals including Shell’s U.S. shale exit through the $9.5 billion cash sale of its Permian Basin position to ConocoPhillips.

September 22, 2021

Public Capital , Shale Plays , Acquisitions & Divestitures , Trends

Insight: ConocoPhillips Made Shell Permian Deal with Cash, ‘Patience’

After patiently waiting through the shale land rush, Enverus’ Andrew Dittmar says ConocoPhillips is picking up prime real estate in the Permian Basin with its blockbuster purchase from Shell.

September 22, 2021

Shale Plays , Acquisitions & Divestitures

Northern Oil and Gas in Lead to Buy Comstock Bakken Assets

Northern Oil and Gas bid about $170 million for a nonoperated working interest in Comstock Resources’ Bakken assets, sources say.

September 21, 2021

Private Equity , Shale Plays , Water Management , Acquisitions & Divestitures , Midstream

Lagoon Water Midstream Enters Permian Basin through Double Drop Acquisition

The acquisition of Double Drop Resources significantly expands Lagoon Water Midstream’s operations and establishes it as a multibasin water management company.

September 21, 2021

Shale Plays , Water Management , Acquisitions & Divestitures

Key Energy Services Sells Texas, New Mexico Fluid Management Business

The sale of all its Texas and New Mexico fluid management and saltwater disposal well assets completes Key Energy Services’ exit from this line of business in these states.

September 21, 2021

People , Acquisitions & Divestitures

On the Move (Week of Sept. 20, 2021)

New hires, promotions and appointments continue to fuel the industry's workforce.

September 20, 2021

Public Capital , Shale Plays , Acquisitions & Divestitures

Shell to Exit Permian Basin in $9.5 Billion Sale to ConocoPhillips

Shell reached an agreement for the sale of its Permian Basin business to ConocoPhillips for $9.5 billion in cash, confirming rumors the supermajor was considering exiting the key shale asset.

September 20, 2021

Public Capital , Shale Plays , Acquisitions & Divestitures

Laredo Petroleum Acquires Pioneer Midland Basin Acreage for $230 Million

The Pioneer acquisition adds 135 gross operated locations in Glasscock County, Texas, doubling Laredo Petroleum’s high-margin, oil-weighted inventory in the Midland Basin, according to the company release.

September 20, 2021