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.
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.
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.
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.
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.
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.
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.
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.
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.
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.