Energy A&D Transactions from the Week of Sept. 21, 2022
Here’s a snapshot of recent energy deals including SilverBow Resources adding a new Webb County position in South Texas plus the acquisition of core Permian Basin acreage by U.S. Energy Development Corp. for more than $60 million.
![A&D Minute (Sept. 21, 2022): Is Eagle Ford Consolidation Inevitable? [WATCH]](/sites/default/files/styles/featurable_list_image/public/image/2022/09/ad-minute-sept-21-2022-eagle-ford-consolidation-inevitable-watch.jpg?itok=LFNS6Wbo)
A&D Minute (Sept. 21, 2022): Is Eagle Ford Consolidation Inevitable? [WATCH]
Also in this week’s A&D Minute: SilverBow Resources’ $50 million acquisition provides a new position in this South Texas gas play and U.S. Energy Development Corp. recently acquired core Permian Basin acreage for more than $60 million.
Magnolia Oil & Gas Appoints New CEO as Stephen Chazen Steps Down for Health Reasons
Effective immediately, Magnolia Oil & Gas on Sept. 21 named Christopher Stavros, the company’s CFO, as president and CEO. The company said Stephen Chazen will no longer be able to serve in his positions due to serious health reasons.
Exxon Mobil VP Calls Hydrogen a Game Changer in Decarbonization Efforts
Ed Graham, vice president at Exxon Mobil’s Low Carbon Solutions, said he believes decarbonization presents an “exciting, but also quite daunting” task during a recent industry presentation detailing the company’s ongoing initiatives on the U.S. Gulf Coast.
M&A Overdrive: Ranger Oil CEO Sees Eagle Ford Consolidation as Inevitable
Scale equals relevance and Ranger Oil, doing everything its larger peers do, wants to build its way in the Eagle Ford to higher trading multiples, CEO and President Darrin Henke told Hart Energy in this exclusive interview.
SilverBow Resources Adds New Webb County Position for $50 Million
The new position in the dry gas Dorado play doubles SilverBow’s current Webb County acreage in South Texas, which now totals 15,000 acres with an estimated drilling inventory exceeding 200 gross locations.
EIA Projects US Dry Gas Production to Continue Inching Upward
Dry natural gas production in the U.S. is forecast to rise slightly over the next 15 months or so to average 100.5 Bcf/d in December 2023 as rigs drilling for gas continue to rise, according to the EIA.
Energy A&D Transactions from the Week of Sept. 14, 2022
Here’s a snapshot of recent energy deals including EQT’s monster $5.2 billion acquisition plus the acquisition of NorTex Midstream by Williams in a $423 million transaction.
On the Market Oil and Gas Quicklist (Week of Sept. 14, 2022)
Here’s a quicklist of oil and gas assets on the market including a Millennial Energy Partners Webb County, Texas package that includes nonoperated working interest in six SM Energy wells located in the condensate window of the Eagle Ford Shale.
Evolution Petroleum Appoints Myra Coleman Bierria to its Board of Directors
Evolution Petroleum's new appointed board director Myra Coleman Bierria will chair the company's sustainability committee and serve on the nominating and corporate governance committee.