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.
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