Energy A&D Transactions from the Week of Jan. 4, 2023
Here’s a snapshot of recent energy deals including Marathon's $3 billion Eagle Ford acquisition and Targa Resources Corp. deal to buy the remaining stake in the Grand Prix NGL Pipeline.
There and Back Again: Rick Muncrief and Devon Energy’s Permian Journey
President and CEO Rick Muncrief details Devon's course since its merger with WPX Energy; its deals in the Eagle Ford and Bakken; and the almighty dividend.
Diamondback’s Kaes Van’t Hof on Energy Politics and ESG Valuation
Diamondback President Kaes Van’t Hof discusses the White House’s mixed message on oil production, methane regulation and how investors are more effective at pushing for ESG improvements than regulation.
State of Shale 2023, Permian: The Juggernaut is Tested
The Permian remained the center of the oil shale universe in 2022, but operators grappled with inflation, supply chain woes and labor shortages.
Sitio, Brigham Close $4.8 Billion Merger
Along with two mergers, Sitio’s $7.24 billion year of M&A includes the acquisitions of Foundation Minerals and Momentum Minerals.
NOG Closes Northern Delaware Basin Acquisition
The transaction, previously announced in Oct., closed for $131.6 million in cash.
Earthquake Impact Adds to Some Texas Oil Producers' Costs
"Absolute shut-in of deep wells in the area would cause a significant logistics issue to maintain oil and gas production in highly productive fields in New Mexico and West Texas," CAP Resources' Laura Capper said.
Marketed: Platform Minerals Delaware Basin Royalty Properties
Platform Minerals has retained RedOaks Energy Advisors as the exclusive advisor in connection with the sale of certain royalty properties located in the Delaware Basin's Eddy and Lea counties in New Mexico and Winkler and Reeves counties in Texas.
Kimbell Royalty Partners Closes $270 Permian Basin Acquisition
The deal to purchase Permian Basin interests from Austin-based Hatch Royalty LLC is Kimbell’s largest transaction since 2018
PDC Energy Declares Special and Cash Dividends
PDC Energy declared a special dividend of $0.65 per share in addition to a quarterly cash dividend of $0.35 per share, the company announced Dec. 7.