In this week's A&D Minute, ONEOK acquires Magellan Midstream Partners, Northern Oil and Gas partners with Vital Energy, and lithium producers Allkem and Livent come together to create the world's third largest lithium manufacturer.
After selling FireBird Energy LLC to Diamondback last year, the same team is searching for deals to develop another asset in the Midland, and possibly the Delaware Basin, too.
Vital Energy and an unnamed third party will buy EnCap portfolio company Forge Energy II, establishing a core operation position for Vital in the Delaware Basin.
Here’s a snapshot of recent energy deals, including Callon Petroleum Co. bolt-on of Percussion Petroleum in the Delaware Basin and Eagle Ford exit and Permian Resources recent acquisitions, including a bolt-on.
Callon will acquire Percussion Petroleum’s Delaware assets for $475 million and offload its Eagle Ford assets to Ridgemar for $655 million.
Here’s a snapshot of recent energy deals, including Cresent Energy Co.'s $600 million Eagle Ford deal and more Enbridge natural gas storage transactions.
Finley Resources retained Detring Energy Advisors for the sale of non-operated oil and gas leasehold, producing properties and related assets concentrated in Lea County, New Mexico and Ward County, Texas.
NGP is financially backing Wing Resources on a seventh partnership aimed at acquiring oil and gas minerals and royalties in the Permian Basin.
After a record year for oil and gas mineral and royalty deals in 2022, public consolidators are still searching for scale through M&A, experts say.
Here’s a snapshot of recent energy deals, including Matador Resources' $1.6 billion acquisition of Midland Basin E&P Advance Energy Partners and Kimbell Royalty Partners deal to bolt-on more Northern Midland Basin acreage.