On the Market Oil and Gas Quicklist (Week of May 25, 2022)
Here’s a quicklist of oil and gas assets on the market including Riverdale Oil & Gas III Marcellus Shale package plus core Karnes Trough Eagle Ford minerals.
Popularity for Longer Laterals Grows in Permian Basin
With inflation playing a sizable role in Permian Basin operators’ spending, longer laterals could be a solution to offsetting inflationary costs, says Rystad’s Cole Wolf.
Centennial, Colgate Energy’s $4 Billion Betrothal a Suitable Match
Analysts consider the deal, which addresses Centennial’s inventory concerns while also sparing Colgate Energy from a potentially uphill IPO climb, as a sign of things to come in the Permian Basin.
Permian Operators Colgate, Centennial to Combine in $7 Billion Merger
The $7 billion “merger of equals transaction” of Centennial Resource Developement and Colgate Energy will create the largest pure-play E&P company in the Delaware Basin of the Permian.
On the Market Oil and Gas Quicklist (Week of May 18, 2022)
Here’s a quicklist of oil and gas assets on the market including EOG Resources operated Eagle Ford properties plus Kaiser-Francis operated well package in Divide County, North Dakota.
Diamondback Energy to Acquire Rattler Midstream in $575 Million Roll-up
“This merger will allow both companies to benefit from the simplicity and scale of the combined entity going forward,” says Diamondback Energy CEO Travis Stice.
Grey Rock Agrees to $1.3 Billion Business Combination with Paul Ryan-backed SPAC
Grey Rock will contribute oil and gas assets in the Permian Basin, Bakken, Eagle Ford Shale, D-J Basin and Haynesville Shale plays to form Granite Ridge Resources.
On the Market Oil and Gas Quicklist (Week of May 11, 2022)
Here’s a quicklist of oil and gas assets on the market including Gulf of Mexico package consisting of ORRI in 266 wells offshore Louisiana plus BlackBriar Royalty Austin Chalk and Eagle Ford properties.
Aris Water Solutions Strikes Deal with Chevron in Permian Basin
Under the new agreement, Aris Water Solutions will provide produced water handling and recycling services in a portion of Chevron’s core position in the Delaware Basin of the Permian.
Marketed: Macondo Fund IV Multibasin Mineral Package
Macondo Fund IV Ltd. retained RedOaks Energy Advisors for the sale of certain mineral properties located across four major basins: Midland, Delaware, D-J and Powder River.