Energy A&D Transactions from the Week of May 26, 2021
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.
Kayne Anderson Combines Anadarko Basin Portfolio Companies Under New Management
Kayne Anderson announced the all-equity consolidation of Casillas Petroleum Resource Partners, Native Exploration Holdings and Acacia Exploration Partners to form 89 Energy III.
Cimarex Energy Strikes Midcontinent Asset Sale to Tom Ward-led Group
Will McMullen, managing partner of Bayou City Energy, also added that the partnership between BCE and Ward’s Mach Resources plans to start considering acquisitions outside of the Midcontinent region.
Gulfport Energy Taps Former QEP Leadership Following Bankruptcy
In addition to successfully completing its restructuring and exiting bankruptcy, Gulfport Energy also announced the retirement of its CEO David M. Wood, effective immediately.
Best of This Week’s Drilling Activity Highlights (April 30, 2021)
High-volume Bakken completions, Marcellus Shale discoveries from Cabot and Chesapeake plus results of three Woodford Shale wells in Oklahoma’s Grady County by Continental Resources top this week’s oil and gas drilling activity highlights from around the world.
Marathon Oil Raises Dividend By Over 30% Following Debt Redemption
Marathon Oil on April 29 declared a dividend of 4 cents per share, a 33% increase, joining other U.S. oil producers to do so as prices continue to recover from the pandemic-driven crash.
Marketed: Fairway Resources Northwest STACK, Western Anadarko Producing Asset
Fairway Resources LLC retained TenOaks Energy Advisors in connection with the sale of certain Midcontinent operated and nonoperated properties in Oklahoma with significant production and leasehold anchored in the Northwest STACK and Western Anadarko Basin.
Energy A&D Transactions from the Week of April 21, 2021
Here’s a snapshot of recent energy deals including an acquisition by EOG Resources in Australia marking the Houston-based oil and gas producer’s entry into the country plus the closing of Equinor’s $900 million Bakken exit.
Midstream Business Anatomy of a Deal: Tailwater Capital
Tailwater Capital’s premise is that demand for affordable, reliable energy isn’t going anywhere. The private equity firm’s deals are designed to help supply it.
Energy A&D Transactions from the Week of April 21, 2021
Here’s a snapshot of recent energy deals including a new JV formed by Vortus Investment Advisors to develop oil-rich assets in the Permian Basin in New Mexico’s Eddy County.