Which oil companies just made major acquisitions in the Permian and Midland Basins? Find out in this A&D Minute with Hart Energy Live.
Calgary-based Suncor is boosting its position trying to secure long-term bitumen supply and help Total grow shareholder returns. Suncor agreed to purchase Total’s entire Canadian operations for about $4 billion.
U.S. Energy Development Corp. acquired a working interest in the Mascot Project assets in the Midland Basin, which include multiple producing properties, midstream assets and undeveloped drilling locations. U.S. Energy expects to spend about $130 million over the next two years developing the project.
Elk Range Royalties announced buying mineral and royalty interests in the Midland Basin from an unnamed private seller and funded the deal through its equity backing from private equity firm NGP. This marks the third closed deal in the Eagle Ford for the company this year. Do you think we'll see more?
Tune in next week for your Hart Energy Live A&D Minute, powered by the SUPER DUG Conference and Exhibition May 22-24. Be the first to watch new episodes every Wednesday with our A&D Watch newsletter. Sign up at hartenergy.com/transactions.
Recommended Reading
Kosmos Breaks Off Talks to Acquire UK’s Tullow
2024-12-17 - Kosmos Energy Ltd. gave no reason for breaking off acquisition talks with Tullow Oil, which the companies had said were at a preliminary stage.
Kosmos in Talks to Acquire UK’s Tullow Oil in All-Stock Deal
2024-12-12 - Kosmos Energy is in early discussions to acquire U.K.-based Tullow Oil in an all-stock transaction, the companies confirmed.
Talos Sells More of Mexican Subsidiary to Billionaire Carlos Slim
2024-12-17 - Talos Energy has agreed to sell another 30.1% interest in subsidiary Talos Mexico to entities controlled by billionaire Carlos Slim, whose companies also own at least 24% of Talos Energy’s common stock.
Logan Energy Closes Gran Tierra Joint Venture Acquisition
2024-12-18 - Logan Energy Corp. paid approximately $37 million for 50% working interests in Gran Tierra’s Simonette Montney assets and will assume operatorship.
Surge Closes on Divestment of Alberta Non-Core Gas Assets
2024-12-20 - Surge Energy said it has focused on developing its core Sparky and southeast Saskatchewan crude oil assets, leaving the Alberta non-core assets undercapitalized.
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.