A&D Transactions From The Week Of Sept. 18, 2019
Here’s a snapshot of energy deals from the past week including Energy Transfer’s roughly $5 billion acquisition and a multimillion-dollar all-equity deal by Diamondback’s mineral acquisition subsidiary.
Marketed: Panhandle Oil And Gas Scoop, Stack Leasing Opportunities
Panhandle Oil and Gas retained Meagher Energy Advisors for the sale of leasing opportunities in the Scoop and Stack plays in Oklahoma.
Marketed: Springbok Energy Partners Mineral Portfolio
Springbok Energy Partners retained TenOaks Energy Advisors for the sale of its mineral portfolio located in the most active and economic unconventional plays in the Lower 48.
Alta Mesa Succumbs To Bankruptcy; Names Mark Castiglione CEO
Alta Mesa Resources, a Houston-based independent which bet big on Oklahoma’s Stack, joins a growing number of U.S. shale producers that have filed for bankruptcy so far this year.
The PE-Backed E&P, v.2019
Public E&P investors are insisting that operators produce returns, so private-equity-backed E&Ps wanting to sell to a public E&P are working to do the same. One said, “It all rolls downhill.”
On The Market Quicklist (Week Of Aug. 28, 2019)
Here’s a quicklist of oil and gas assets on the market including EOG Delaware Basin leasehold and an Apache nonop package offshore Texas and Louisiana.
On The Market Quicklist (Week Of Aug. 21, 2019)
Here’s a quicklist of oil and gas assets on the market including a roughly 24,000 net-acre contiguous, operated position in the Olmos trend of South Texas and Wolfcamp nonop assets in the Permian.
Shale Gas Producers Help Fuel US LNG Exports Rise To Top
Together, the Appalachia and Permian basins are expected to supply about 53% of the North American gas market by 2030, according to McKinsey and Co.
On The Market Quicklist (Week Of Aug. 14, 2019)
Here’s a quicklist of oil and gas assets on the market including EOG Resources Marcellus Shale assets and a Permian Basin minerals position from AE&J Royalties.
A&D Transactions From The Week Of Aug. 7, 2019
Here’s a snapshot of energy deals from the past week including Occidental’s $1.5 billion Permian Basin JV and a $700 million dropdown deal from Diamondback Energy.