The Latest

Exploration & Production

Brazil Targets Investment Outside Presalt With New Bidding Program

The Permanent Offer bidding program covers 600 exploratory blocks, of which 527 are located in onshore basins.

August 15, 2019

Restructurings

Analysis: Bankruptcy Filings By US Energy Producers Pick Up Speed

Bankruptcy filings by U.S. energy producers so far this year have already nearly matched the total for the whole of 2018, law firm Haynes & Boone reported on Aug. 14.

August 14, 2019

Business

Vermilion Cliffs Secures Financing For Permian Basin Acquisition

The financing was provided by Anvil Capital, a New York-based firm aiming to be an alternative capital solution for E&Ps in the current capital-constrained environment.

August 14, 2019

Lease Sales

Marketed: Foothills Resources Texas Gulf Coast Operated Asset

Foothills Resources retained EnergyNet for the sale of an operated package of Texas Gulf Coast assets through a sealed-bid offering closing Sept. 5.

August 14, 2019

Trends

A&D Transactions From The Week Of Aug. 14, 2019

Here’s a snapshot of energy deals from the past week including the closing of Occidental’s $55 billion takeover of Anadarko Petroleum and Qatar’s $550 million buy-in of Permian midstream.

August 14, 2019

Lease Sales

On The Market Quicklist (Week Of Aug. 14, 2019)

Here’s a quicklist of oil and gas assets on the market including EOG Resources Marcellus Shale assets and a Permian Basin minerals position from AE&J Royalties.

August 14, 2019

Lease Sales

Marketed: Cascade Acquisition Partners 880-Well Package Throughout Kansas

Cascade Acquisition Partners retained EnergyNet for the sale of an 880-well package with assets located throughout Kansas through an auction closing Aug. 27.

August 14, 2019

Lease Sales

Marketed: Peri Petroleum Austin Chalk Asset, Mineral Interest

Peri Petroleum retained EnergyNet for the sale of operated Austin Chalk assets across four East Texas counties through a sealed-bid offering closing Aug. 28.

August 13, 2019

Public Capital

Martin Midstream Divests East Texas Pipeline Idle Since 2018

The divestiture of the East Texas Pipeline follows a strategy set forth by Martin Midstream last year to delever the balance sheet and simplify its portfolio through noncore asset sales.

August 13, 2019

Public Capital

Occidental CFO Talks Anadarko Saga, Rebuffs Sheffield Criticism

Anadarko Petroleum was the only corporate deal Occidental Petroleum considered since the company’s current leadership has been in place, says CFO Cedric Burgher.

August 13, 2019