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.
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.
Pioneer Natural Resources is pursuing the sale of its Delaware Basin assets with a target price of over $2 billion, according to a report citing two sources familiar with the matter.
PHX Minerals agreed to acquire certain mineral and royalty interests totaling approximately 817 net royalty acres in East Texas and Louisiana targeting the Haynesville play through two separate transactions.
Houston-based Ranger Energy Services beat out the original stalking-horse bidder for the acquisition of Basic’s well servicing and completion and remedial segment assets outside of California through a competitive bankruptcy auction process.
Warwick Investment Group closed an agreement with Rosewood Resources to acquire its operated oil and gas assets in Texas’ Eagle Ford Shale that immediately offsets Warwick Athena, a company the firm manages.
Suncor, three First Nations and five Métis communities will own a 15% stake in this pipeline asset with a value of about CA$1.3 billion. (US$1.03 billion).
Over the course of his career, Travis Counts has negotiated and closed transactions exceeding $75 billion in aggregate value over the course of his career, including Concho Resources’ recent merger with ConocoPhillips.