The Latest

Business

Oil Surge Gives PE Opportunity to Exit Stranded Canadian Energy Firms

Buyout firms have sold around $2.6 billion worth of Canadian oil and gas producers so far this year, the highest level since at least 2010, according to IHS Markit.

September 23, 2021

Acquisitions & Divestitures

Energy A&D Transactions from the Week of Sept. 22, 2021

Here’s a snapshot of recent energy deals including Shell’s U.S. shale exit through the $9.5 billion cash sale of its Permian Basin position to ConocoPhillips.

September 22, 2021

Lease Sales

On the Market Oil and Gas Quicklist (Week of Sept. 22, 2021)

Here’s a quicklist of oil and gas assets on the market including a legacy mineral position in the Permian Basin plus a Rock Oil nonop and minerals opportunity in the SCOOP and STACK plays of Oklahoma.

September 22, 2021

Public Capital

Insight: ConocoPhillips Made Shell Permian Deal with Cash, ‘Patience’

After patiently waiting through the shale land rush, Enverus’ Andrew Dittmar says ConocoPhillips is picking up prime real estate in the Permian Basin with its blockbuster purchase from Shell.

September 22, 2021

Shale Plays

Northern Oil and Gas in Lead to Buy Comstock Bakken Assets

Northern Oil and Gas bid about $170 million for a nonoperated working interest in Comstock Resources’ Bakken assets, sources say.

September 21, 2021

Lease Sales

Marketed: Boaz Operated Powder River Basin Divestiture

Boaz Rockies Operating LLC retained RedOaks Energy Advisors for the sale of operated conventional properties in Wyoming within the Powder River Basin.

September 21, 2021

Private Equity

Lagoon Water Midstream Enters Permian Basin through Double Drop Acquisition

The acquisition of Double Drop Resources significantly expands Lagoon Water Midstream’s operations and establishes it as a multibasin water management company.

September 21, 2021

Lease Sales

Marketed: Multistate Royalties Operated by XTO, EQT, More

Thomas L. Taylor, as receiver for Breitling Royalties, retained EnergyNet for the sale of royalty and overriding royalty interests in a multiple property package across several states with select operators including XTO Energy, EQT and more.

September 21, 2021

Shale Plays

Key Energy Services Sells Texas, New Mexico Fluid Management Business

The sale of all its Texas and New Mexico fluid management and saltwater disposal well assets completes Key Energy Services’ exit from this line of business in these states.

September 21, 2021

Lease Sales

Marketed: Rock Oil SCOOP/STACK Nonop, Minerals Opportunity

ESP EOC Rose Rock LLC retained Detring Energy Advisors for the sale of its nonoperated working interest and mineral interest in the heart of the SCOOP and STACK plays of the Anadarko Basin.

September 20, 2021