On the Market Oil and Gas Quicklist (Week of Aug. 10, 2022)
Here’s a quicklist of oil and gas assets on the market including a Stout Energy operated sale package in the Permian Basin in Winkler and Andrews counties, Texas, plus core Haynesville overriding royalty interest.
Occidental Petroleum Extends Permian Basin JV through 2025
Occidental President and CEO Vicki Hollub said, among record earnings results, Oxy would extend its Permian JV with Ecopetrol in the Midland and Delaware basins to encompass 20,000 net acres.
APA Aims to Reward Shareholders Over 50% of Free Cash Flow by Year-end
APA Corp. eyes returning at least $1.8 billion of its capital to shareholders through dividends and share buybacks by year-end while also lowering its production guidance for 2022 by 2%.
Aris Water Solutions Acquires Delaware Energy Assets in Exchange for Stock
Aris Water Solutions said in its earnings release that it had acquired all of Delaware Energy’s assets on Aug. 1 in exchange for 3.37 million Class A shares and a small, volumetric-based contingent consideration paid over five years.
Marketed: Read & Stevens Operated, Nonoperated Delaware Basin Properties
Read & Stevens Inc. and First Century Oil Inc. retained TenOaks Energy Advisors for the sale of operated and nonoperated properties located in the Delaware Basin centered in Lea and Eddy Counties, New Mexico.
Apache Unveils $555 Million Acquisition of Texas Delaware Basin Properties
APA, the holding company of Apache, didn’t disclose the seller but, earlier on Aug. 3, Reuters reported that the company was buying assets in Texas from privately owned Titus Oil & Gas.
Energy A&D Transactions from the Week of Aug. 3, 2022
Here’s a snapshot of recent energy deals including Diversified Energy’s acquisition of ConocoPhillips Midcon assets for $240 million and the sale of Baker Hughes’ Russian oilfield services business.
On the Market Oil and Gas Quicklist (Week of Aug. 3, 2022)
Here’s a quicklist of oil and gas assets on the market including a Sabine Oil and Gas Upton County, Texas property package plus a KONA Oil & Gas nonoperated multibasin opportunity concentrated in top resource plays throughout the Lower 48.
Marketed: KONA Oil & Gas Nonoperated Multibasin Opportunity
KONA Oil & Gas Properties retained Detring Energy Advisors for the sale of nonoperated oil and gas interests concentrated in top resource plays throughout the Lower 48 including the Delaware Basin, SCOOP/STACK and Williston Basin.
Energy A&D Transactions from the Week of July 27, 2022
Here’s a snapshot of recent energy deals including an agreement by Shell USA to acquire all remaining interests in Shell Midstream Partners in a $1.96 billion buyout.