From the biggest operators with multinational portfolios to basin-specific smaller producers with motivation to grow. Investor showcases the 50 most-valued U.S. independents.
Overall, 2018 was the Year of Consolidation as several E&Ps agreed to merge throughout the U.S., including inside and outside the prolific Permian Basin.
Stratas Advisors sees regional gas production from the Haynesville rising in 2019 as new entrants apply practices honed in other shale plays.
Those include fields in the San Juan basin which straddles the Colorado-New Mexico border, the Cotton Valley field in East Texas, the Arkoma and Anadarko basins in Oklahoma, and the Wamsutter basin in Wyoming.
The acquisition, which the Tailwater Capital-backed company acquired from Woodland Midstream Partners and Orion Pipeline, establishes a “strong asset base” for Elevate Midstream in East Texas.
The sale follows several other divestitures marking regional exits including QEP Resources’ recent $1.7 billion Williston sale as the company aims to become a Permian Basin pure-play.
Gulf Run Pipeline will be designed to bring 1.1 Bcf/d to meet demand for LNG.
The transaction comes less than a year after Bonanza Creek's merger with SandRidge Energy was terminated due to pressure from Carl Icahn, an activist investor of SandRidge.
Middle Forks, a privately-held E&P backed by Quantum Energy Partners, agreed to buy QEP’s Uinta Basin assets located in eastern Utah.
A pair of Texas deals by Japanese companies Sumitomo and Osaka Gas follow the cautious return of Asian investors to U.S. shale.