Energy A&D Transactions from the Week of June 22, 2022
Here’s a snapshot of recent energy deals including Targa Resources’ $3.55 billion cash acquisition of Lucid Energy Group in the Permian Basin.
On the Market Oil and Gas Quicklist (Week of June 22, 2022)
Here’s a quicklist of oil and gas assets on the market including PetroQuest Energy operated East Texas natural gas interests plus a Verado Energy operated horizontal development in the Permian Basin.
Percussion Petroleum Reportedly Seeking Sale Worth Up to $1.5 Billion
Percussion Petroleum II bought the bulk of its assets in the Permian Basin from Oasis Petroleum a year ago for $375 million plus contingent payments.
Marketed: Legacy Permian Basin Mineral, Royalty Portfolio
A private seller retained TenOaks Energy Advisors for the sale of certain mineral and royalty properties located in the Delaware and Midland basins of the Permian.
Targa Resources to Acquire Lucid Energy in $3.55 Billion Cash Deal
Targa Resources’ acquisition of Lucid Energy in the Permian Basin from Riverstone Holdings and Goldman Sachs follows the company’s $200 million bolt-on of Southcross Energy earlier this year.
Energy A&D Transactions from the Week of June 15, 2022
Here’s a snapshot of recent energy deals including Devon Energy’s $856 million bolt-on acquisition of RimRock Oil and Gas in the Bakken plus BP’s exit from the Canadian oil sands.
On the Market Oil and Gas Quicklist (Week of June 15, 2022)
Here’s a quicklist of oil and gas assets on the market EOG Resources Wolfcamp Shale assets in Loving County, Texas, plus a Grace Petroleum operated package in the Permian Basin.
Marketed: Permian Basin Mineral, Royalty Opportunity
A private seller retained Detring Energy Advisors to market for sale its oil and gas mineral and royalty interests across the prolific Midland and Delaware basins in the Permian.
Matador Resources to Acquire Permian Midstream Assets from Summit for $75 Million
Matador Resources entered into an agreement with a subsidiary of Summit Midstream Partners to acquire Summit’s Lane Gathering and Processing System in New Mexico’s Eddy and Lea counties.
Energy A&D Transactions from the Week of June 8, 2022
Here’s a snapshot of recent energy deals including a $170 million Williston Basin bolt-on and Intrepid-backed Rio Grande E&P finds an exit.