Acquisitions & Divestitures

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

Riviera Resources Plans to Sell Remaining Upstream Assets

Riviera Resources engaged EnergyNet to market its remaining upstream assets, CEO David Rottino says, with plans for the transactions to close by fourth-quarter 2020.

August 7, 2020

Public Capital , Shale Plays , Acquisitions & Divestitures

Buffalo Bills Owners’ Blank-check Company Raises $300 Million

Terrence M. Pegula joins other NFL owners, most notably Dallas Cowboys owner Jerry Jones, in making large new investments during a stagnant time for the oil and gas industry.

August 7, 2020

Business , Exploration & Production , Seismic , Acquisitions & Divestitures

Seismic Firm TGS Makes Surprise $600 Million Offer for Part of PGS

If successful, the offer to buy PGS’s multiclient library would significantly broaden TGS’s worldwide geophysical data offering, TGS said.

August 6, 2020

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

Presidio Petroleum Acquires Anadarko Position from Bankrupt Templar Energy

The acquisition of Templar Energy’s assets through a bankruptcy auction represents an expansion from the western Anadarko Basin, where Presidio Petroleum already has an established position, into Oklahoma’s STACK play.

August 6, 2020

Acquisitions & Divestitures , Construction , Pipelines

Epic Y-Grade Completes First Greenfield Fractionator

Company also sells excess pipeline capacity to WhiteWater Midstream and MPLX.

August 5, 2020

Acquisitions & Divestitures , Trends

Energy A&D Transactions from the Week of Aug. 5, 2020

Here’s a snapshot of recent energy deals including the sale of Range Resources’ Northern Louisiana asset to Castleton Resources for up to $335 million.

August 5, 2020

Public Capital , Shale Plays , Acquisitions & Divestitures

Devon Energy Aims to Clinch Early Barnett Exit

Devon Energy’s Barnett Shale exit, a deal potentially worth up to $830 million, will now close at the beginning of October rather than the end of the year.

August 4, 2020

Exploration & Production , Acquisitions & Divestitures

Suriname’s Staatsolie Weighs Farm-in to Total, Apache Block after Discovery

Staatsolie has the right to a stake of up to 20% in the 1.4 million acre Block 58, where Apache and Total last week announced a major oil discovery.

August 4, 2020

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

Range Resources Agrees to North Louisiana Asset Sale for $245 Million

Range Resources acquired its North Louisiana position in 2016 through an all-stock merger with Memorial Resource Development valued at about $4.4 billion, including debt.

August 3, 2020

Public Capital , Emissions , Acquisitions & Divestitures

Shell to Acquire Environmental Services Firm Select Carbon

Shell did not disclose a value for the deal, but said it will help in contributing towards the company’s ambition of being a “net-zero emissions energy business by 2050 or sooner.”

August 3, 2020