Energy A&D Transactions from the Week of Feb. 1, 2023
Here’s a snapshot of recent energy deals including Diamondback Energy completing its $1.55 billion deal to acquire Midland Basin acreage and E&P Arena Energy LLC closing its acquisition of Cox Operating LLC's interests in the Eugene Island 330 and South Marsh 128 oil blocks.
Chevron Says Venezuela Production Up Nearly 80%
Chevron Corp. reported a positive uptick in oil production in Venezuela while Permian Basin production grew 8% year-over-year.
Marketed: Point Energy Partners Operating Ward County 24-Well Package
Point Energy Partners Operating LLC retained EnergyNet for the sale of an overriding royalty interest in a 24-well package plus seven DUCs located across the Wolfcamp and Bone Spring formations in Ward County, Texas.
Energy A&D Transactions from the Week of Jan. 25, 2023
Here’s a snapshot of recent energy deals including Chesapeake Energy’s $1.4 billion deal to sell Eagle Ford Shale acreage in the Brazos Valley region to WildFire Energy, and Matador Resource’s $1.6 billion bolt-on acquisition in the northern Delaware Basin.
Matador Resources to Bolt-on Delaware Basin’s Advance Energy in $1.6 Billion Deal
Matador said the deal to purchase Advance Energy, an EnCap-backed company, will not increase its leverage and adds more than 200 net drilling locations in the northern Delaware.
Permian Resources Adds, Subtracts in Nearly $300 Million in Deals
Permian Resources added assets in the Permian Basin while also divesting operated and non-op assets, including midstream assets, in transactions totaling $293 million.
Chord Energy Divests Multi-region Package, Heavy on the Permian
Chord’s Permian position spans the Midland and Delaware basins and the Central Basin Platform, with most of the company’s assets described as stable operations from conventional reservoirs and waterflood assets with horizontal development potential.
Energy A&D Transactions from the Week of Jan. 11, 2023
Here’s a snapshot of recent energy deals including Northern Oil & Gas (NOG) closed on an upsized acquisition of working interests in Midland-Petro D.C. Partners LLC and Phillips 66 $3.8 billion deal with DCP Midstream LP.
Marketed: Galley NM Assets LLC Delaware Basin Royalty Interests
Galley NM Assets LLC retained Detring Energy Advisors to market for sale its oil and gas overriding royalty interests in the core of the New Mexican Delaware Basin.
Marketed: Merced Capital Diversified Non-Operated Lower 48 Assets
Merced Capital has retained Detring Energy Advisors to market for sale its diversified non-operated wellbore-only producing assets located across six of the most prominent basins across the Lower 48.