The Latest
Public Capital
Northern Oil & Gas Boosts Permian Position with $102 Million Acquisitions
The acquisition of nonoperated interests across core Permian Basin acreage represents the “trifecta” for Northern Oil and Gas, says COO Adam Dirlam.
Acquisitions & Divestitures
Energy A&D Transactions from the Week of June 16, 2021
Here’s a snapshot of recent energy deals including Occidental Petroleum’s $508 million asset sale in the Permian Basin plus an Eagle Ford deal by Earthstone Energy.
Lease Sales
On the Market Oil and Gas Quicklist (Week of June 16, 2021)
Here’s a quicklist of oil and gas assets on the market including a Midland Basin royalty position plus a Grenadier Energy Wolfcamp Shale Permian Basin package and an IOG Oklahoma STACK nonoperated opportunity.
Business
Enverus Acquires Largest Provider of Title Plant Access in Texas, New Mexico
Enverus’ acquisition of Integrity Title comes roughly a week after the company closed on a recent investment made through the sale of majority ownership to Hellman & Friedman.
Lease Sales
Marketed: IOG Oklahoma STACK Nonoperated Properties
IOG Capital LP retained RedOaks Energy Advisors for the sale of nonoperated working interest properties in the STACK play of Oklahoma in Major, Dewey, Blaine, Woodward and Custer counties.
Exploration & Production
Federal Judge Halts Biden’s Pause on Oil and Gas Leasing
The Interior Department said it would comply with the ruling by a federal judge in Louisiana, but did not say when oil and gas leasing on public lands might resume.
Public Capital
Shell’s Potential Permian Basin Exit Seen as Bellwether for Shale Demand
The potential sale of Shell’s Permian holdings, located in Texas, would be a litmus test of whether rivals are willing to bet on shale’s profitability through the energy transition to reduce carbon emissions.
People
Energy Dealmaker Eddy Daniels Joins McGuireWoods’ M&A Practice
Edmund “Eddy” Daniels joins McGuireWoods’ Houston office from Haynes and Boone with significant experience in senior leadership roles at major energy companies and financial firms.
Lease Sales
Marketed: Pivotal Petroleum Midland Basin Well Package
Pivotal Midland Basin LP retained EnergyNet for the sale of a Permian well package in Midland County, Texas, operated by affiliates of Callon Petroleum and Diamondback Energy.
Technology
Proserv Continues Expansion with Middle Eastern Acquisition
The acquisition of the Middle Eastern business of U.K.-based industrial equipment supplier Dron & Dickson widens Proserv’s service offering in the region, where it recently opened a state-of-the-art new facility in Abu Dhabi.