Tumbler Energy Partners retained TenOaks Energy Advisors as its exclusive adviser in connection with the sale of its Delaware Basin royalty properties.
The acquisition of Templar Energy’s assets through a bankruptcy auction represents an expansion from the western Anadarko Basin, where Presidio Petroleum already has an established position, into Oklahoma’s STACK play.
WhiteWater Midstream, MPLX LP and West Texas Gas Inc. (WTG) have formed a joint venture (JV) on Aug. 6 to provide NGLs takeaway capacity from MPLX and WTG gas processing plants in the Permian Basin to the NGL fractionation hub in Sweeny, Texas.
Company also sells excess pipeline capacity to WhiteWater Midstream and MPLX.
The public foreclosure sale will be held on Aug. 13 in Houston.
Here’s a snapshot of recent energy deals including the sale of Range Resources’ Northern Louisiana asset to Castleton Resources for up to $335 million.
Here’s a quicklist of oil and gas assets on the market including the sale of operated positions in the Permian and Illinois basins by Tamarack Petroleum plus Chevron’s Carter Knox Field asset located in Oklahoma’s Grady and Stephens counties
Although Pickering Energy Partners’ Dan Pickering believes the industry is in for a couple of tough years ahead, he also believes the survivors are due for a bounty: Assets will be available for prices not seen in 30 years.
An undisclosed company retained EnergyNet to offer for sale non-producing minerals subject to lease located in West Virginia’s Marshall County through an auction closing Aug. 18.