On the Market Oil and Gas Quicklist (Week of Sept. 21, 2022)
Here’s a quicklist of oil and gas assets on the market including EOG Resources Texas Panhandle properties plus an Apache Corp. Gulf of Mexico Shelf nonop opportunity.
Marketed: Vinland Energy Southern Appalachian Basin Portfolio
Vinland Energy LLC retained Seaport Global Securities LLC for the sale of its portfolio of producing and midstream assets in the southern Appalachian Basin, located primarily in eastern Kentucky.
Marketed: West Virginia 188-well Package, HBP Leasehold, Pipelines
Reserve Oil & Gas Inc. retained EnergyNet for the sale of a 188-well package in West Virginia in Calhoun, Kanawha and Roane counties through a sealed-bid offering closing Oct. 6.
EIA Projects US Dry Gas Production to Continue Inching Upward
Dry natural gas production in the U.S. is forecast to rise slightly over the next 15 months or so to average 100.5 Bcf/d in December 2023 as rigs drilling for gas continue to rise, according to the EIA.
Energy A&D Transactions from the Week of Sept. 14, 2022
Here’s a snapshot of recent energy deals including EQT’s monster $5.2 billion acquisition plus the acquisition of NorTex Midstream by Williams in a $423 million transaction.
On the Market Oil and Gas Quicklist (Week of Sept. 14, 2022)
Here’s a quicklist of oil and gas assets on the market including a Millennial Energy Partners Webb County, Texas package that includes nonoperated working interest in six SM Energy wells located in the condensate window of the Eagle Ford Shale.
Marketed: Stone Hill Minerals Southwest Appalachia Marcellus, Utica Package
Stone Hill Minerals Holdings LLC retained EnergyNet for the sale of a southwest Appalachia package in the Marcellus and Utica shale plays with assets located in West Virginia and Pennsylvania.
Analysts: EQT’s Monster $5.2 Billion Deal a Cash Cow
EQT’s purchase of Tug Hill and XcL Midstream’s assets in the Appalachian Basin will contribute to $150 million in long-term cash flow, Goldman Sachs said.
Crestwood to Divest Marcellus Assets in $205 Million Deal with Antero
The assets are comprised of a legacy gas system in the Marcellus Shale in West Virginia that was acquired by Crestwood from Antero Resources in 2012.
Energy A&D Transactions from the Week of Sept. 7, 2022
Here’s a snapshot of recent energy deals including the sell of Aera Energy, one of California’s largest oil and gas producers, by Exxon Mobil and Shell plus the debut of Permian Resources Corp.