The Latest

Public Capital

Devon Energy Secures $100 Million For Stack Drilling JV

The JV partnership is the second Devon Energy has formed with Dow in recent years as E&Ps are increasingly left with fewer capital options.

December 10, 2019

Master Limited Partnerships

Alerian Acquires S-Network Global Indexes

Transaction bolsters Alerian’s position as a major provider of global indexes, data and research.

December 10, 2019

People

Ironwood Midstream II Closes South Texas Asset Acquisition

Twin Eagle executive Danny Rea joins Ironwood II as chief commercial officer.

December 10, 2019

Public Capital

Laredo Petroleum Tacks On Another Permian Basin Acquisition

Similar to another acquisition made by Laredo Petroleum in the Permian Basin earlier this quarter, the bolt-on in Glasscock County, Texas, continues to shift the company’s production mix toward oil.

December 9, 2019

Lease Sales

Marketed: Conventional South Louisiana Operated Sale Package

WTD Resources and Oleum Operating LA have retained Energy Advisors Group to market certain southwest Louisiana operated producing properties in Acadia, Cameron, St. Landry and Vermilion parishes.

December 9, 2019

Business

Jones Energy Agrees To $201 Million Buyout By Revolution

Jones Energy, which entered bankruptcy with $1 billion in debt in April, agreed to an all-cash deal for its Anadarko Basin assets.

December 9, 2019

Acquisitions & Divestitures

Jones Energy II Enters Into Merger Agreement To Be Acquired By Revolution Resources

Jones Energy II said late on Dec. 6 that it has entered into a definitive merger agreement to be acquired by Revolution Resources, an affiliate of Mountain Capital Partners, in an all-cash transaction.

December 8, 2019

Unconventional

Three-Way Midland Basin Combination Creates $1.5 Billion E&P

The deal would create the largest pure-play northern Midland Basin E&P with a 73,000-net-acre position and 12,000 boe/d of production that is expected to more than double through 2020.

December 6, 2019

Mergers

Energy Transfer, Semgroup Complete Merger

Energy Transfer expands vast pipeline network and acquires strategic position on the Houston Ship Channel.

December 6, 2019

Exploration & Production

Oil Companies Press Mexican President To Resume Suspended Auctions

Chevron Corp., Exxon Mobil Corp. and Royal Dutch Shell Plc, among other firms in Mexico’s Association of Hydrocarbon Companies (Amexhi), say they have met output targets and investment pledges worth hundreds of millions of dollars in the initial phases of their contracts.

December 5, 2019