EnergyNet has successfully closed $5 billion in oil and gas assets in the past two years, according to the A&D advisory firm’s release.
The NorTex Midstream deal follows the acquisition of Tall Oak II and III by Tailwater Capital last month in Oklahoma’s Arkoma STACK.
Here’s a snapshot of recent energy deals including a series of transactions in the Duvernay Shale as both Shell and Ovintiv exit the play plus Continental Resources reveals itself as the buyer of Samson Resources’ Powder River Basin position.
The sale of U.K. North Sea upstream assets on Feb. 24 helps the U.S. oil major free up capital for projects elsewhere, says Exxon Mobil Vice President Neil Chapman.
Peloton has entered into an agreement on Feb. 23 to acquire Cevian Technologies, a cloud-based software company that specializes in real-time data acquisition, visualization, and reporting tools for the completions industry.
Behold! Like the ancients scanning the sky for portents, large bodies are colliding in the observable M&A-verse of upstream oil and gas.
The value of the sale to ArcLight implies an enterprise value of about $5.2 billion for NGPL, jointly owned by Kinder Morgan and Brookfield Infrastructure Partners, which represents 11.2 times its 2020 EBITDA.
The farm-down transactions give 100% of Total’s two portfolios of renewable energy projects an enterprise value of $600 million, according to the company’s release.
Brookfield, which acquires and manages infrastructure assets, is offering CA$16.50 per share for Inter Pipeline, valuing the company at CA$7.08 billion (US$5.62 billion).
Continental Resources’ acquisition of Powder River Basin assets in Wyoming is a homecoming of sorts for the company, says Founder and Executive Chairman Harold Hamm.