Uncertainty, however, lingers for the oil and gas industry surrounding oil demand recovery and prices.
Among the acquired assets are multiple prolific, producing fields in the Gulf of Mexico Shelf that were originally discovered and/or operated by predecessor companies led by current Talos Energy management.
EnergyNet has been retained by Michael E. Shelton to assist with the sale of a salt dome storage site located in Wharton County, Texas, through a sealed-bid offering closing July 15.
Impairments expected to be made by U.S. shale companies in the second quarter could trigger insolvencies as the sector accounts for oil price fall, Deloitte says in a new study.
Years of M&A since the last downturn have produced suboptimal returns, which may lead oil and gas majors to focus on asset-level deals.
CH4 Energy Six LLC retained EnergyNet for the sale of Permian Basin primary term leasehold rights and optional producing working interest in Reeves County, Texas, through a sealed-bid offering closing July 8.
The so-called awards in pre-defined areas are for zones offshore Norway already open to oil and gas companies, in the North Sea, Norwegian Sea and Barents Sea.
Analysts said it made sense for Chevron to sell its North West Shelf LNG stake now, after it failed to seal a deal to supply gas to the plant from its undeveloped Clio and Acme fields.