Acquisitions & Divestitures

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

Parsley To ‘Hit Ground Running’ Following Jagged Peak Deal

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.

January 10, 2020

Public Capital , Shale Plays , Acquisitions & Divestitures

Kimbell Kicks Off New Year With $175 Million Springbok Acquisition

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.

January 9, 2020

Acquisitions & Divestitures , Gathering & Processing

Tumbleweed Acquires Ladder Creek Helium Plant, Gathering System From DCP

Facility on the Colorado-Kansas border is supported by long-term acreage dedications.

January 8, 2020

Private Equity , Exploration & Production , Acquisitions & Divestitures , Mergers

Jones Energy Completes Merger With Revolution Resources

Following closing of the $201.5 million transaction on Jan. 7, Jones Energy became a wholly owned subsidiary of private equity backed Revolution Resources.

January 8, 2020

Exploration & Production , Acquisitions & Divestitures , Trends

Midcontinent E&P Asset Buyers Sticking To Shopping Lists

“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.

January 7, 2020

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

Range Resources Goes ‘Ex-growth,’ Suspends Dividend

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.

January 7, 2020

Public Capital , Acquisitions & Divestitures

WPX Energy Launches $900 Million Debt Offering To Fund Felix Deal

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.

January 7, 2020

Public Capital , Exploration & Production , Acquisitions & Divestitures

Premier Oil In $816 Million North Sea Buying Spree

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.

January 7, 2020

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

Occidental To Cut Western Midstream Stake To Reduce Debt

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.

January 6, 2020

Public Capital , People , Acquisitions & Divestitures

Former Houlihan Lokey Banker Kirk Tholen Joins Alliance Resource Partners

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.

January 6, 2020