The expedited closing of the $2.3 billion all-stock acquisition of Jagged Peak Energy allows Parsley to “hit the ground running on ... capturing tangible synergies,” says CEO Matt Gallagher.
Kimbell Royalty Partners agreed to acquire the mineral and royalty interests held by the NGP-backed Springbok Energy Partners and its affiliates in a cash and stock transaction valued at $175 million.
Facility on the Colorado-Kansas border is supported by long-term acreage dedications.
Following closing of the $201.5 million transaction on Jan. 7, Jones Energy became a wholly owned subsidiary of private equity backed Revolution Resources.
“If the square peg does not fit exactly within those parameters, it’s not a buy for them,” BOK Financial Securities’ Jason Reimbold said of the E&P A&D market in the Midcontinent.
Analysts with Tudor, Pickering, Holt & Co. viewed going “ex-growth” as the right move for Range Resources given the current gas macro environment but continued asset sales to remain key.
WPX Energy commenced a public offering of $900 million senior unsecured notes, proceeds of which are earmarked as funding for its multibillion-dollar acquisition of Felix Energy II.
Premier Oil said the North Sea deals with BP and Dana Petroleum would generate more than $1 billion in free cash flow by the end of 2023 and push its output.
Occidental Petroleum is working to pare $40 billion of debt it took on with the Anadarko deal, and changes to ownership would ease a sale or spin-off of Western Midstream.
In his new role, Kirk Tholen will be responsible for expanding the minerals portfolio of Tulsa, Okla.-based Alliance Resource Partners alongside coal and other investible opportunities.