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.
Coal Company Acquires Nearly $100 Million in Permian Royalty Interests
Alliance Resource Partners made two purchases of royalty interests in the Midland and Delaware basins totaling more than 4,300 net acres.
Northern Oil and Gas Closes Acquisition Alpha Energy’s Delaware Assets
Northern closes another of its second-half deals during a stretch when it ran up acquisitions valued at roughly $900 million.
Energy A&D Transactions from the Week of Nov. 30, 2022
Here’s a snapshot of recent energy deals including a $1.55 billion acquisition by Diamondback Energy in the Permian Basin and Shell’s nearly $2 billion RNG deal.
Permian Resources Could Entertain Value Propositions Next Year, Co-CEO Says
Recently formed Permian Resources isn’t averse to looking at value propositions but at the moment the company is focused on driving synergies and creating shareholder value, Co-CEO Will Hickey told attendees of Hart Energy’s Executive Oil Conference.
Permian Gas Production Set to Rise 41% by 2030, Rystad Says
Gas production from the Permian Basin has already surpassed pre-pandemic highs and is slated to rise 41% by 2030 compared to current levels, according to Rystad Energy data.
Double Eagle Energy Unveils 25,000-Acre Permian Basin Footprint
Double Eagle has garnered almost $2 billion in equity commitments for its Double Eagle IV partnership which could bring upwards to 25,000 net acres under its ownership in the Permian Basin by year-end, CFO Joshua A. Gregg told attendees at Hart Energy’s annual Executive Oil Conference.
![A&D Minute (Nov. 16, 2022): Diamondback’s $500 Million Divestiture Goal [WATCH]](/sites/default/files/styles/featurable_list_image/public/image/2022/11/ad-minute-nov-9-2022-diamondbacks-500-million-divestiture-goal-watch.jpg?itok=6ZxY3OGc)
A&D Minute (Nov. 16, 2022): Diamondback’s $500 Million Divestiture Goal [WATCH]
Also in this week’s A&D Minute: Kimbell Royalty Partners made its largest deal in four years plus find out why EOG Resources CEO Ezra Yacob is comparing the company’s new Utica play’s prospects to the Delaware Basin.
On the Market Oil and Gas Quicklist (Week of Nov. 16, 2022)
Here’s a quicklist of oil and gas assets on the market including a Recoil Resources Eagleville Field well package within the Eagle Ford Basin in Atascosa and Wilson counties, Texas.
Midstream Takeaway: More Permian Pipelines
The current round of pipeline expansions means more capacity and consolidation in the Permian Basin.