Acquisitions & Divestitures

Public Capital , Exploration & Production , Shale Plays , Acquisitions & Divestitures

Contango Oil & Gas Snags Oily, Low-decline Assets in $58 Million Deal

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.

December 3, 2020

Investment , Shale Plays , Acquisitions & Divestitures

Bellatorum Resources Launches $100 Million Fund Targeting Texas Royalty Acquisitions

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.

December 3, 2020

People , Exploration & Production , Acquisitions & Divestitures

Forty Under 40: Mike Kifer, EnerVest Ltd.

Today’s featured Forty Under 40 honoree is Mike Kifer, vice president of acquisitions and reserves for Houston-based EnerVest Ltd.

December 3, 2020

Acquisitions & Divestitures , Trends , Mergers

Energy A&D Transactions from the Week of Dec. 2, 2020

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.

December 2, 2020

Private Equity , Exploration & Production , Shale Plays , Acquisitions & Divestitures

Maverick Natural Resources, FourPoint Energy Agree to Deal

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.

December 2, 2020

Business , Acquisitions & Divestitures , Mergers

FourPoint Energy Completes Consensual Restructuring with EIG and Merger with Maverick

George Solich and management team retain FourPoint Energy name, plan for next venture.

December 2, 2020

Investment , Acquisitions & Divestitures

BMO to Exit US Oil and Gas Investment Banking Business

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.

December 1, 2020

Unconventional , Acquisitions & Divestitures

Brazil’s Petrobras Aims to Step Up Oil Exports and Asset Sales

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.

December 1, 2020

People , Acquisitions & Divestitures

Forty Under 40: Dane Karras, Noble Royalties Inc.

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.

December 1, 2020

Public Capital , Company Profiles , Shale Plays , Acquisitions & Divestitures , Trends

EQT CEO Toby Rice Promotes Massive M&A in Appalachia

A year into remodeling EQT into an efficiency powerhouse, Toby Rice hangs out a “we buy Marcellus” placard with consolidation the goal.

December 1, 2020