The Latest
Exploration & Production
US Shelves Wyoming BLM Lease Sale Plans over Sage Grouse
BLM will instead sell eight parcels of oil and gas leases on more than 4,000 acres in the southeast corner of Wyoming, not located in sage grouse habitat, through the online auction platform EnergyNet.
Lease Sales
Marketed: C.W. Resources Sale of Overton Field Assets in East Texas
C.W. Resources and CWR retained TenOaks Energy Advisors for the sale of certain operated properties in the Overton Field of East Texas.
Field Development
U.S. Energy Development Acquires Interest in Permian Basin Project
Texas-headquartered U.S. Energy Development Corp. is diving into the Columbia Project development in the Permian Basin with Shell Oil Co., having acquired an $8.5 million interest in the project.
Lease Sales
Marketed: Wagner Oil South Texas, East Texas Package
Wagner Oil Co. retained RedOaks Energy Advisors as the exclusive adviser in connection with the sale of the Charco Package comprised of certain South Texas and East Texas properties.
Acquisitions & Divestitures
Energy A&D Transactions from the Week of Sept. 16, 2020
Here’s a snapshot of recent energy deals including BP’s $1.1 billion acquisition of U.S. offshore wind assets plus Northern Oil and Gas’ entry into the Permian Basin.
Lease Sales
On the Market Oil and Gas Quicklist (Week of Sept. 16, 2020)
Here’s a quicklist of oil and gas assets on the market including the Parsley Energy Big Tex asset in the Permian Basin, plus the sale of certain operated producing properties primarily in the Ark-La-Tex and Midcontinent region by Urban Oil & Gas Group.
Lease Sales
Marketed: Urban Oil & Gas Acquisition Opportunity
Urban Oil & Gas Group engaged Anderson King Energy Consultants as its exclusive adviser in connection with the sale of certain operated producing properties primarily in the Ark-La-Tex and Midcontinent region.
Private Equity
Momentum Minerals Closes Third Funding Round from Apollo
The capital raise marks the latest equity commitment in Momentum Minerals management’s long-standing relationship with Apollo Global Management and its affiliates that started in 2013.
Business
Meagher Energy Advisors, Janney Form Midstream M&A Alliance
“We are excited to partner with the Janney team, whose depth of knowledge in the midstream and energy infrastructure sectors complements Meagher’s upstream A&D proficiency and portfolio of clients,” CEO Matt Meagher said in a statement.
Public Capital
Oil Experts Discuss Future of US Shale
Limited growth, decline rates, consolidation, costs and ESG concerns were among the topics addressed.