After Chevron closes its $53 billion megadeal with Hess, what parts of Hess' portfolio could hit the market? This is you’re A&D Minute powered by BOK Financial Securities.

While Chevron's acquisition of Hess is mostly about the massive oil growth play offshore Guyana, the deal also includes a large Bakken Shale footprint, midstream assets and more. Will Chevron monetize Hess Midstream or Hess' natural gas assets offshore Malaysia and Thailand? This will be a space to watch as the deal comes to a close next year.

And in the hottest oil basin, Matador Resources who saw its Permian production hit record levels during the third quarter, spent around $65 million on its brick by brick acquisition strategy in the Permian, which consists of a mix of a dozen or so deals, including non-operated interests and boosting stakes and operated wells and new acreage.

Non-OP specialist Northern Oil and Gas also continued its M&A ground game in the Permian scooping up about 514 net acres and several future drilling locations during Q3. So far this year, NOG added over 1,800 net acres through 31 different transactions.

That's your A&D Minute powered by BOK Financial Securities. Watch new episodes every Wednesday with our A&D Watch newsletter. Sign up at hartenergy.com/deals.

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