Marketed: Staghorn Petroleum II-owned Properties in Oklahoma
Staghorn has retained BOK Financial Securities as their exclusive advisor relating to the sale of certain operated and non-operated properties in the NW STACK in Oklahoma.
Patterson-UTI, NexTier Merging in $5.4B Deal
The Patterson-UTI, NexTier merger will create a comprehensive drilling and completions franchise in U.S. land with leadership positions in contract drilling, directional drilling and pressure pumping, according to Patterson-UTI CEO Andy Hendricks.
Cavitation Technologies, Eagle Ford Silica to Merge
Cavitation will acquire Eagle Ford Silica’s approximately 180 acres of land near San Antonio and a sand extraction plant that produces an average 2,000 metric tons (mt) of sand per day.
Marketed: Orion Exploration Partners-owned 20 Well Package in Oklahoma
Orion Exploration Partners LLC has retained EnergyNet for the sale of a 20 well package in Logan County, Oklahoma.
Morgan Stanley: US LNG Exporters Could See Cargo Cancellations
The investment bank Morgan Stanley warns U.S. LNG exporters could see cargo cancellations in the second half of 2023 due to robust gas storage injections in Europe and weaker demand for LNG in Asia.
Energy Bests All Sectors in Q1 Dividend, Buyback Yields
The energy sector’s combined buyback and dividend yields were 8.36% compared to the S&P 500’s overall yield of 4.05%.
A&D Minute: Midland Assets Trade Hands, Eagle Ford Stays Hot [WATCH]
In this week's A&D Minute, Chord Energy sheds non-core assets in the Permian, Mesquite Energy sells Catarina Ranch to Black Mountain Oil and Gas and Ovintiv picks up three EnCap-backed E&Ps.
EIA: Lower 48 Oil, Gas Production Growth to Slow in July
Oil and gas output growth from basins across the Lower 48 is expected to slow next month, including the Permian Basin, the Energy Information Administration reports.
Marketed: Sage Natural Resources-owned 6 Well Package in Texas
Sage Natural Resources LLC has retained EnergyNet for the sale of a 6 well package in Tarrant County, Texas.
Marketed: 14 Well Package in Oklahoma Owned by an Undisclosed Seller
An undisclosed seller retained EnergyNet for the sale of a 14 well package in McClain County, Oklahoma.