Energy A&D Transactions from the Week of Feb. 23, 2022
Here’s a snapshot of recent energy deals including the closing of Earthstone Energy’s acquisition of Warburg-backed Chisholme Energy for $604 million in the Permian Basin.
On the Market Oil and Gas Quicklist (Week of Feb. 23, 2022)
Here’s a quicklist of oil and gas assets on the market including a Momentum Minerals multibasin assets opportunity in what is expected to be one of the largest mineral packages to go to market this year.
Marketed: Finley Resources Delaware Basin Ward County Opportunity
Finley Resources retained EnergyNet Indigo for the sale of a Delaware Basin opportunity in Ward County, Texas.
Marketed: Momentum Minerals Multibasin Assets Opportunity
Momentum Minerals retained Tudor, Pickering, Holt & Co. (TPH) to seek proposals for the sale of mineral assets in the Permian, South Texas, Haynesville and Williston basins.
Point Energy Partners Adds Brenner, Acosta, Boyd to Delaware Basin Management Team
Point Energy Partners announced the promotion of Jay Brenner and addition of Joel Acosta as senior vice president of operations. Cameron Boyd also joined the team as vice president of operations.
Sell or IPO? Inside Colgate Energy
Wells Fargo Securities analyst estimates $25,000 per undeveloped acre for Colgate Energy’s Permian Basin position.
Energy A&D Transactions from the Week of Feb. 16, 2022
Here’s a snapshot of recent energy deals including Crescent Energy’s $815 million all-cash acquisition of Uintah Basin assets previously owned by EP Energy in Utah.
On the Market Oil and Gas Quicklist (Week of Feb. 16, 2022)
Here’s a quicklist of oil and gas assets on the market including Arkoma Drilling Delaware Basin nonoperated working interest, Elephant Oil & Gas Powder River Basin production and leasehold plus more.
ConocoPhillips Reportedly Targeting $1 Billion Permian Basin Asset Sale
The sale would reportedly trim ConocoPhillips’s position in the Delaware Basin, where the Houston-based company recently completed a multibillion-dollar acquisition from Shell.
Continental Resources Posts Quarterly Profit, Boosts Dividend
Continental Resources said last week it was raising its quarterly dividend by 15% to 23 cents per share. It will also increase a planned share repurchase program to $1.5 billion from $1 billion.