Darren
Barbee
Oil and Gas Investor
Bowman Consulting Acquires Texas Firm UP Engineering
The acquisition of UP Engineering strengthens Bowman Consulting Group’s position in the oil and gas market, Chairman and CEO Gary Bowman says.
Prairie Operating to Buy Bayswater D-J Basin Assets for $600MM
Prairie Operating Co. will purchase about 24,000 net acres from Bayswater Exploration & Production, which will still retain assets in Colorado and continue development of its northern Midland Basin assets.
On The Market This Week (Jan. 27, 2025)
Here's a roundup of marketed oil and gas leaseholds in Appalachian and the Central basins from select sellers.
Ovintiv Closes Montney Acquisition, Completing $4.3B in M&A
Ovintiv closed its $2.3 billion acquisition of Paramount Resource’s Montney Shale assets on Jan. 31 after divesting Unita Basin assets for $2 billion last week.
The Latest
Uncoiled: Viper Energy Rides Investor, M&A Wave to New Heights in ‘24
With its units coming off an all-time high, Viper Energy made a $4.45 billion Permian acquisition. VNOM units are gaining favor among Wall Street investors. It took more than a decade and several economic downturns to get there.
Chevron Buys 15.4MM Shares of Hess Stock on Open Market
Chevron Corp. reported that between January and March 2025 it purchased about 5% of Hess Corp. shares, according to a Securities and Exchange Commission filing.
PE Firm Voyager to Merge Haynesville OFS Firm with Permian’s Tejas
Private equity firm Voyager Interests’ Haynesville Shale portfolio company VooDoo Energy Services will merge with Tejas Completion Services as part of a transaction backing Tejas, Voyager said.
Energean Says Regulatory Approvals Delay Puts Carlyle Deal at Risk
Failure to meet these conditions may lead to the termination of the deal.
Diversified Energy Closes $1.3B Maverick Acquisition, Enters Permian
Diversified Energy Co. Plc completed its $1.3 billion acquisition of EIG-backed Maverick Natural Resources.
Sources: Citadel Buys Haynesville E&P Paloma Natural Gas for $1.2B
Hedge fund giant Citadel’s acquisition includes approximately 60 undeveloped Haynesville locations, sources told Hart Energy.
Murphy Oil Buys BW's Pioneer FPSO for $125MM
Murphy Oil Corp. is buying an FPSO from BW Offshore for $125 million.
Enverus Acquires Pearl Street Technologies to Help Bolster Grid
The acquisition of the spinout from Carnegie Mellon University strengthens Enverus’ suite of offerings as it expands deeper into power and energy transition solutions, the company says.
Golden Gate Capital Completes Stonehill Environmental Sale
Private equity firm Golden Gate Capital has completed the sale of energy infrastructure company Stonehill Environmental Partners for an undisclosed amount.
Aethon: Haynesville E&Ps Hesitate to Drill Without Sustained $5 NatGas Prices
Operators are looking to the Haynesville to fill rising natural gas demand for U.S. LNG exports. Haynesville E&P Aethon Energy says producers need sustained higher prices to step up drilling.