Acquisitions & Divestitures

Investment , Energy Transition , Acquisitions & Divestitures

Exxon Mobil Buys Stake in Norwegian Biofuels Company in Clean Energy Push

The investment in Biojet builds on Exxon Mobil’s efforts to develop and deploy lower-emission energy solutions.

January 11, 2022

Shelf , Acquisitions & Divestitures

W&T Offshore Snags $47 Million Shallow-water Acquisition in Gulf of Mexico

W&T Offshore entered a definitive purchase and sale agreement to purchase the oil-weighted operated producing properties from privately-held ANKOR E&P Holdings Corp. and KOA Energy LP.

January 10, 2022

Shale Plays , Acquisitions & Divestitures , Mergers , Gathering & Processing

Enterprise Surprises Market with $3.25 Billion Cash Acquisition of Navitas Midstream

Enterprise’s agreement to acquire Warburg-backed Navitas comes as a surprise, analysts say, given Enterprise’s recent capital discussions and messaged preference for downstream.

January 10, 2022

Private Equity , Shale Plays , Acquisitions & Divestitures

UpCurve II Completes Initial Acquisition in Delaware Basin

UpCurve Energy currently operates a leasehold position of 12,000 net acres in the core of the southern Delaware Basin, producing 12,000 boe/d.

January 7, 2022

Petrochemicals , Policy & Regulations , Acquisitions & Divestitures

US Court Rejects Bid to Block Sale of Texas Oil Refinery to Mexico’s Pemex

Owners of a Mt. Vernon, N.Y., coin-operated laundromat who filed the lawsuit, claimed the sale of Shell’s Texas oil refinery to Mexico’s Pemex would raise U.S. gasoline prices, harm their customers and reduce their profits.

January 7, 2022

Shale Plays , Acquisitions & Divestitures

Dallas-based Rising Phoenix Scores Marcellus Shale Acquisition

Rising Phoenix’s Marcellus Shale mineral acquisition spans 98 net royalty acres in Pennsylvania’s Washington County. Range Resources Corp. is the wellsite operator.

January 6, 2022

Exploration & Production , Acquisitions & Divestitures

Shell’s Nigerian Oil Assets Attract Interest From Local Firms

Shell has stakes in 19 oil mining leases in Nigeria’s onshore oil and gas joint venture (SPDC), which the industry and banking sources said were valued at $2 billion to $3 billion.

January 6, 2022

Private Equity , Shale Plays , Acquisitions & Divestitures

Aethon Energy Reportedly Seeking $6 Billion Sale of Haynesville Assets

Bankers hired by Aethon Energy reached out in the final weeks of 2021 to a small number of potential buyers to gauge initial interest in its Haynesville assets in North Louisiana, sources say.

January 6, 2022

Shale Plays , Technology , Acquisitions & Divestitures

Milestone Enters East Texas Haynesville Shale with Shelby County Acquisition

Already an operator in East Texas for several years, Milestone said the acquisition of the Shelby County facility repositions the company in the core of the Haynesville Shale.

January 5, 2022

Acquisitions & Divestitures , Trends , Mergers

Energy A&D Transactions from the Week of Jan. 5, 2022

Here’s a snapshot of recent energy deals including back-to-back deals by Lime Rock Resources in the Williston Basin and Eagle Ford Shale totaling $358.5 million plus a slew of transactions completed by the end of the year.

January 5, 2022