Collapse in US Gas Prices Dents Shale A&D
Price volatility has stymied reported plans by a unit of Tokyo Gas Co Ltd. to acquire Rockcliff Energy from private equity firm Quantum Energy Partners.
A&D Minute: Canada's Baytex Energy Expands in Eagle Ford in a Big Way [WATCH]
Also in this week's A&D Minute: Aramco completed its acquisition of Valvoline's global products business for $2.65 billion and pipeline operator Enbridge acquired a 5-Bcf salt cavern storage facility in Texas for $335 million.
Energy A&D Transactions from the Week of March 8, 2023
Here’s a snapshot of recent energy deals including Carrier Energy Partners' exit from the Eagle Ford Shale and Equinor's purchase of Suncor Energy's U.K. business for $850 million.
Chesapeake LNG Deal Moves Its Haynesville Gas Closer to Global Price
In an LNG deal, up to 100 Bcf/year of the operator’s Haynesville production will be indexed to the Japan Korea Marker.
Carrier Energy Partners Divests Eagle Ford Assets for $145 Million
Carrier Energy’s Eagle Ford Shale Divestment closes out the company’s interests in the play and represents a sale of the company’s remaining assets, which previously included Permian Basin holdings.
Exclusive: Tellurian’s Souki Says Partners—Not Off-takers—are the Issue
Tellurian CEO Charif Souki tells Hart Energy that the search for partners is ‘the key thing’ to moving Driftwood LNG forward, not securing off-takers.
Chesapeake Energy, Gunvor Sign 15-year LNG Agreement for Haynesville Gas
Under a framework agreement, Chesapeake’s Haynesville Shale gas would supply Gunvor up to 2 million tonnes per annum of LNG over a 15-year period.
NGL Energy Partners Sells Off Marine Fleet to Pay Debt
NGL Energy Partners, a midstream MLP, said it was selling its towboats and tank barges for about $111 million.
Baytex Energy Stock Takes Hit as Investors Weigh $2.5B Ranger Oil Deal
Baytex Energy’s acquisition of Ranger Oil Corp. is financially accretive and adds much-needed inventory, but analysts and investors have questions about the $2.5 billion deal.
A&D Minute: Diamondback Doubles Down on M&A [WATCH]
Also in this week's A&D Minute: Chesapeake got a "much better deal" in its second Eagle Ford divestiture of the year and Quantum Energy dipped its toe in the D-J Basin.