Presented by:
Editor's note: This "On the Move" section appears in the new E&P newsletter. This weekly section highlights new hires, appointments, retirements and promotions as well as company news such as new office locations and major M&A deals. Submit your company news to Ariana Hurtado at ahurtado@hartenergy.com. Subscribe to the E&P newsletter here.
PEOPLE
Danos has named Isaac Villarreal executive account manager responsible for overseeing and growing Danos’ relationship with Chevron Corp.
OSSO has appointed David Mitchell Middle East manager in Dubai, U.A.E.
Enbridge Inc. has appointed Gaurdie Banister and Jane Rowe to the company’s board of directors. Read more here.
COMPANIES
Bonanza Creek Energy Inc. has rebranded as Citivas Resources Inc. following the recent closing of its merger with Extraction Oil & Gas Inc. and subsequent acquisition of Crestone Peak Resources. Upon closing, Citivas became the largest pure-play energy producer in Colorado’s Denver-Julesburg Basin, operating across more than half a million net acres with the enterprise value of $4.5 billion. Read more here.
Cairn Energy Plc will change its name to Capricorn Energy Plc, effective Dec. 13. The new name reflects continuity and evolution, as the majority of Cairn’s subsidiaries have been known as Capricorn for some time.
Southwestern Energy Co. has acquired GEP Haynesville LLC in a cash-and-stock transaction valued at $1.85 billion. The third largest private Haynesville operator, GEP is a joint venture between GeoSouthern Energy and Blackstone Inc.’s credit arm. The transaction further expands Southwestern’s exposure to the LNG corridor and growing demand centers along the U.S. Gulf Coast. Read more here.
Continental Resources has entered the Permian Basin after acquiring Pioneer Natural Resources Co.’s Delaware Basin assets. Pioneer’s position covers approximately 92,000 net acres with net production of approximately 50,000 boe/d, complementing Continental’s existing deep inventory portfolio in the Bakken, Oklahoma and the Powder River Basin. Read more here.
Recommended Reading
Vital, NOG Close $1.1B Acquisition of Delaware Basin’s Point Energy
2024-09-23 - Point Energy Partners, backed by Vortus Investments Advisors, sold its Delaware Basin acreage at 40,000 boe/d of production to Vital Energy and Northern Oil and Gas for $1.1 billion.
Matador Closes $1.8B Ameredev Deal, Updates Asset Development Plans
2024-09-19 - Matador Resources’ $1.83 billion bolt-on acquisition of the Delaware Basin’s Ameredev II adds 33,500 acres and brings the company’s inventory to approximately 2,000 net locations.
CEO: Vital to Chase Less-developed Delaware Zones with $1.1B Deal
2024-07-29 - With the acquisition of Point Energy Partners, Vital Energy is growing in the Texas Delaware Basin—where Vital has already done several deals and has worked to optimize drilling and spacing designs.
Meta, Sage Geosystems Enter Geothermal Deal
2024-08-26 - Sage Geosystems says the company will use its geopressured geothermal system to provide Meta’s data centers with carbon-free power.
Weatherford Announces Acquisition of Technology Company Datagration
2024-09-03 - The acquisition gives Weatherford International digital offerings for production and asset optimization and demonstrates its commitment to continuously driving innovation across its technology portfolio, the company said.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.