EOG Resources Pays $847 Million to Settle Q3 Hedges
EOG settles wrong-way bets on energy prices following Russian invasion of Ukraine.
Midstream Roundup: Why the Permian Basin is Prime for Carbon Capture
Also, the head of private equity at Riverstone Holdings shares with Hart Energy what makes carbon capture “much more economic than selling into EOR.”
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A&D Minute (Oct. 5, 2022): Chevron Permian Asset Sale? [WATCH]
Also in this week’s A&D Minute: SilverBow Resources agreed to an Eagle Ford Shale bolt-on following its adoption of a poison pill and Northern Oil and Gas remains Piper Sandler’s “favorite idea in SMID E&P.” Find out why.
Energy A&D Transactions from the Week of Oct. 5, 2022
Here’s a snapshot of recent energy deals including a $87 million bolt-on acquisition in the Eagle Ford’s Karnes Trough by SilverBow Resources and Northern Oil and Gas $157.7 million bolt-on in the Permian Basin.
On the Market Oil and Gas Quicklist (Week of Oct. 5, 2022)
Here’s a quicklist of oil and gas assets on the market including Chevron Permian Basin acreage valued at up to $500 million plus Forge Interests core Delaware Basin ORRI.
SilverBow to Acquire $87 Million Bolt-on in Eagle Ford’s Karnes Trough
Houston-based SilverBow Resources entered an agreement to acquire bolt-on assets in the Karnes trough in Dewitt and Gonzales counties from an undisclosed seller for $87 million in cash.
Marketed: Hunt Oil HBP Leasehold, Harrison County, Texas
Hunt Oil Co. retained EnergyNet for the sale of 4,001 contiguous, multi-bench, HBP net leasehold acres in Harrison County, Texas, through a sealed-bid offering.
Exxon Orders Shale Stand-down Over Rash of Oilfield Worker Injuries
Exxon Mobil is actively working with contractors to improve safety at its operations after experiencing back-to-back worker injuries.
SilverBow ‘Poison Pill’ Attempts to Fend Off Possible Kimmeridge Takeover
Kimmeridge Energy, which spent more than $100 million to acquire SilverBow Resources stock, recently acquired another Eagle Ford E&P—Laredo Energy, an analyst said.
Devon Energy Completes Eagle Ford Bolt-on Acquisition
Devon Energy closed its previously announced acquisition of Validus Energy, increasing its production footprint in the Eagle Ford by 35,000 boe/d.