The Latest
Renewables
UGI Energy Services Completes Acquisition of Renewable Natural Gas Company
UGI Corp. said July 9 that its subsidiary, UGI Energy Services LLC, acquired GHI Energy LLC, a Houston-based renewable natural gas company.
People
Raymond James Names Veteran Energy Banker Will Hodge as E&P Banking Co-head
Raymond James said it expanded its energy investment banking practice on July 8 with the hiring of veteran energy bankers Will Hodge and Jacob Call.
Private Equity
E&P Private-equity Strategy: Plans, Schemes and Broken Dreams
After years of hoping for oil prices to return to better days, the magical thinking by optimistic E&Ps is out, and private-equity firms are poised to pounce.
Acquisitions & Divestitures
Energy A&D Transactions from the Week of July 8, 2020
Here’s a snapshot of recent energy deals including the acquisition of Dominion's natural gas transmission and storage segment by Warren Buffett’s Berkshire Hathaway in a transaction worth nearly $10 billion.
Lease Sales
On the Market Oil and Gas Quicklist (Week of July 8, 2020)
Here’s a quicklist of oil and gas assets on the market including the sale of operated properties in South Texas as part of a regional exit by Blackbeard Operating.
Business
Former EnerVest Affiliate to Sell Remaining Assets, Pay Back Shareholders
The divestiture includes the sale of its Appalachian Basin position, which Harvest Oil & Gas said in a statement will represent “substantially all of the assets of the company.”
Investment
PATH FORWARD: Production Lending Execs on Which Deals Are Still Closing
Abhishek Kumar and Ryan Childs of Production Lending explain what lending to oil and gas operators in the ‘new normal’ looks like.
Private Equity
Sabine Oil & Gas Forms Midstream JV in East Texas Carthage Area
The JV transaction marks Osaka Gas’ first acquisition in the midstream business in the U.S. following the Japanese company’s purchase of Sabine Oil & Gas late last year.
Business
Private Minerals Companies: Solid (Relatively) as the Rock
A brutal downcycle hurts all, but don’t mistake mineral portfolios with struggling E&Ps. The nature of their part of the business means less risk but greater stability in times like these.
Business
Private Reserves: An Outlook from Private Oil Producers
Zero- and lightly levered private operators throughout U.S. oil basins are on the lookout to buy—and not just where they operate currently. These five producers—in Wyoming, Oklahoma, Colorado and South Texas—share their plans.