The Latest

Business

Earnout Provisions: The New Oil Industry Norm

Oil and gas companies should carefully review their contingent consideration and earnout provisions in purchase and sale agreements and be prepared for the reporting and valuation challenges that come with them.

August 14, 2020

Public Capital

TGS Still Seeks Seismic Tie-ups after Failed $600 Million Bid for PGS Data

Oil industry suppliers such as Oslo-listed TGS and PGS have been hard hit by weak crude prices during the coronavirus pandemic as energy companies rein in exploration and thus spend less on the seismic data.

August 14, 2020

Public Capital

Woodside Petroleum Says on the Lookout for Acquisitions

"We're clearly scanning the landscape very closely looking for opportunities," Woodside Petroleum CEO Peter Coleman told analysts on a conference call.

August 13, 2020

Seismic

PGS Rejects $600 Million Seismic Data Offer from Rival TGS

Oil industry suppliers such as Oslo-listed TGS and PGS have been hard hit by weak crude prices during the coronavirus pandemic as energy companies rein in exploration.

August 13, 2020

Lease Sales

Marketed: XTO Energy Operated Permian Basin Well Package

XTO Energy selected EnergyNet as the exclusive adviser to market a Permian Basin operated opportunity located in Loving and Winkler counties, Texas, through a sealed-bid process closing Sept. 15.

August 13, 2020

Lease Sales

Marketed: Wagner Oil Asset Divestiture Across Four Packages

Wagner Oil retained TenOaks Energy Advisors for the sale of four packages comprising South Texas, South Louisiana, Permian Basin and Delaware Basin royalty interests.

August 12, 2020

Acquisitions & Divestitures

Energy A&D Transactions from the Week of Aug. 12, 2020

Here’s a snapshot of recent energy deals including the purchase of bankrupt Templar Energy by Presidio Petroleum, expanding Presidio’s Midcontinent position into Oklahoma’s STACK Play.

August 12, 2020

Lease Sales

On the Market Oil and Gas Quicklist (Week of Aug. 12, 2020)

Here’s a quicklist of oil and gas assets on the market including a Delaware Basin royalty package from Tumbler Energy Partners plus the associated mineral interests in the historic Hanging H Ranch located in Reeves and Loving counties, Texas.

August 12, 2020

Shale Plays

A&D Trends: Oil and Gas Dealdrums

The remainder of the year’s deals will likely involve gas assets (while prices are good) and could come to include the low cost supply areas in the Texas and Louisiana Haynesville. Barring a miraculous rally, oil looks likely to remain the New Coke of commodities.

August 12, 2020

Public Capital

Southwestern Energy Builds Position with Montage Resources Deal

The transaction, expected to close in the fourth quarter, would make Southwestern the third largest producer in Appalachia.

August 12, 2020