M&A Values: Permian Still No. 1 as U.S. Average Falls Sharply
Gas-weighted assets’ M&A values have declined with gas futures since 2022, according to J.P. Morgan Securities analysis.
Marketed: Anschutz Three-well Opportunity in Powder River Basin
Anschutz Exploration Corp. has retained EnergyNet for the sale of three wells in the Powder River Basin.
Marketed: Anschutz Exploration Powder River Basin Opportunity
Anschutz Exploration Corp. has retained EnergyNet for the sale of a Powder River Basin in the Castle 3568-1324-1TH of Converse County, Wyoming.
Marketed: Mineral, Royalty Interests in Permian, Powder River Basins
A private seller has retained Detring Energy Advisors for the sale of its mineral and royalty interests in the Permian and Powder River basins.
Marketed: Williston, Powder River Basins 247 Well Package
A private seller has retained EnergyNet for the sale of a Williston and Powder River basins 247 well package in Sheridan, Montana, Burke and McKenzie counties, North Dakota and Campbell County, Wyoming.
Marketed: Amati Royalties Powder River Basin Opportunity
Amati Royalties has retained EnergyNet for the sale of a Powder River Basin opportunity with four wells and two pending wells in Campbell County, Wyoming.
Crestwood Unitholders Approve $7.1B Energy Transfer Merger
Energy Transfer’s merger-acquisition of Crestwood will strengthen the company’s position in Williston, Delaware and Powder River basins.
Western Midstream Closes Acquisition of Meritage
Western Midstream’s acquisition of Meritage Midstream Services II adds approximately 1,500 miles of natural gas pipelines to its portfolio.
$70, $80, $90? No Matter WTI Price, Production to Creep Along
As public E&Ps hold fast with capital discipline, even exuberant prices might not be enough to substantially bump up production, although private operators remain a wild card, analysts said.
Western Midstream to Expand Powder River Presence with Meritage Deal
Western Midstream said it would purchase Meritage Midstream’s Powder River Basin assets, including gas gathering and an NGL pipeline, for $885 million cash.