Here’s a snapshot of recent energy deals including Oasis Petroleum’s Permian Basin exit and the all-equity consolidation of three Kayne Anderson portfolio teams in the Anadarko Basin.
Despite being named as potential targets for larger rivals, the merger between Cabot Oil & Gas and Cimarex Energy shows a desire to remain independent while reaching a size that is relevant for energy investors, says Enverus analyst Andrew Dittmar.
The combination of Cabot Oil & Gas and Cimarex Energy, which will operate under a new name, is estimated to have an enterprise value of approximately $17 billion.
Williston results from Oasis, a Chesapeake Marcellus discovery plus three Permian Basin wells completed in the Wolfcamp Shale by Pioneer Natural Resource completes in Midland County, Texas, top this week’s oil and gas drilling activity highlights from around the world.
Here’s a snapshot of recent energy deals including a $40 million divestiture disclosed by Callon Petroleum in the Permian Basin plus a deal in the Midcontinent region between Cimarex Energy and a group led by industry veteran Tom Ward.
With a stronghold in the Williston Basin, Northern Oil and Gas Inc. has recently added a large swath of Marcellus acreage from Reliance Industries and made a long-calculated move into the riches of the Permian Basin.
A Mississippi Canyon-Pliocene discovery by LLOG Exploration in the U.S. Gulf of Mexico plus Chesapeake and Southwestern Marcellus Shale wells and an EOG Powder River completion top this week’s oil and gas drilling activity highlights from around the world.
Here’s a snapshot of recent energy deals including EQT’s nearly $3 billion expansion in the Marcellus plus over $1 billion worth of transactions announced by Laredo Petroleum and Bonanza Creek’s merger with Extraction Oil & Gas.
Marcellus and Utica shale discoveries, Diamondback completes a Wolfcamp producer in the Permian Basin plus an offshore prospect in the Gulf of Mexico’s Green Canyon Block top this week’s oil and gas drilling activity highlights from around the world.
EQT projects the acquisition, which adds a new operating position in the northeast Marcellus Shale play in Pennsylvania, will increase its free cash flow by 55%, or $2 billion, through 2026.